Sensex gains 400 pts from day’s low; trade halts after Kospi drops 8%

The Nifty50 and the Sensex slumped as oil prices advanced on renewed tension between the US and Iran.

As of 10:01 AM, the Nifty50 fell 8.95 points or 0.34 per cent to 24,124.95, and the Sensex was down 290 points or 0.37 per cent to 77,279.48 InterGlobe Aviation, Tata Steel, and Maruti Suzuki India were the top losers in the Nifty50 index.

In the broader markets, the Nifty MidCap was down 0.29 per cent, while the Nifty SmallCap was up 0.05 per cent.

Sector-wise, the Nifty Metal declined the most. The Nifty Financial Services, the Nifty Auto, and the Nifty Bank also underperform. The Nifty IT and the Nifty Pharma outperformed.

IPO Today

Laser Power & Infra initial public offer (IPO) entered the final day of subscription. The company is aiming to raise ₹742 crore from the primary market.

Devson Catalyst and Happy Steels IPOs also entered the final day of subscription. Both are book-built issues worth ₹42.32 crore and ₹25 crore.