The Indian stock market on Tuesday faced a significant selloff as Sensex plunged over 900 points and Nifty fell below 24,500, wiping off investors' wealth amounting to Rs 9 lakh crore. Adani Enterprises, M&M, Bharat Electronics, Coal India, Tata Steel were among the top losers on the Nifty. All the sectoral indices ended in the red with auto, capital goods, metal, power, realty, telecom, media, and PSU bank were down 2-3 percent. But amid this, the meme makers on social media, especially X, did not disappoint.
Here are a few of the most popular ones:
Special attention was also paid to Hyundai Motor India -- the largest public offering in India's history -- which made a subdued debut on D-Street on Tuesday. Following a lackluster listing at Rs 1,931 per share, the company's stock continued to decline. At the end of the day's trade, Hyundai Motor India shares closed in red at Rs 1,820.40 at BSE.
But, the lukewarm response in the primary market has not dented Hyundai's brand value. After the IPO, Hyundai Motor India has become the fifth most valuable automaker in India. As of October 22, 2024, its market capitalisation stands at over Rs 1.59 lakh crore.
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