The 30-share pack Sensex declined 304.48 points or 0.53 per cent to close at 57,684.82. Its broader peer NSE Nifty fell 69.85 points or 0.40 per cent to 17,245.65.

Several mutual fund schemes had subscribed to the IPOs of these companies last year. Some of them raised their stakes in these companies after listing. As of February 28, 2022, mutual funds held 9.1 million shares of Nykaa compared to 4.8 million at the time of listing.

On Thursday, gold futures on MCX for April delivery were trading at Rs 51,767 per 10 gram, up Rs 99 or 0.19 per cent.

Dhampur Sugar Mills (DSML) is focusing on creating value for shareholders by strengthening the non-commodities business to achieve consistent earnings growth with higher EBITDA margins.

Zee’s share price surged to a high of Rs 281.65 as against Rs 256.05 at previous close on the BSE.

“It just seems silly to me that the market for the last two-three years have been ignoring IT and that is partly the case I am building for the public sector stocks also because they have such clear order books, there is so much visibility, the government is committed to a capex cycle for defence, for railways.”

"The market now lacks direction and is moving up or down on a daily basis responding to news regarding crude price, FPI flows and speculation on what the Fed might do in the coming policy meeting. Nifty is likely to move in the 17,000-17,500 range in the short run," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

“Hindustan Unilever after the kind of correction it has seen looks good and definitely can be picked up at current level with a long term view in mind. ITC also can be picked up by long-term investors in spite of the fact that it has run up quite a bit.”

A total of 1,452,858 shares changed hands on the counter till 10:00AM (IST).

JSPL is the only company in our universe which offers strong volume growth, deleveraging and increase in share of captive raw materials, the brokerage said.