This anticipated weak opening follows a day of consolidation for Indian markets and reflects broader global trends
SpiceJet's stock dropped during trading and was down roughly 1.9% as of 13:08 p.m., while the benchmark indices were trading flatly with a slight bias.
The action takes place in the midst of a plan to permit composite insurance providers on the market.
The discussion and approval of suggestions pertaining to fund-raising is on the agenda for the meeting.
The carmaker is getting ready to make a significant move into the electric vehicle market with the launch of its "Born Electric" range.
Kunjal Mehta, the company's CFO, stated that the pipeline bids will comprise high voltage direct current (HVDC) lines.
Sony announced last week that it was seeking a replacement for N.P. Singh, its current chief executive officer for India, who had made the decision to step down.
On the sectoral front, indices for Oil & Gas, Capital Goods, Telecom, PSU Bank, Power, and Realty fell by 1-2%.
Small caps may be volatile, but they are also a key source of alpha in the Indian context
The broader market also trended downwards, with the BSE SmallCap index falling by 0.86% and the BSE MidCap index declining by 0.71%.

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