Sensex at day’s low, down 800 pts; Nifty tests 23,600; IndiGo slips 3%

The Nifty50 and the Sensex fell as oil prices rose to the highest level in nearly two months, tracking escalating tension in West Asia.

As of 10:00 AM, the Nifty50 was down 207 points or 0.87 per cent at 23,662.7, and the Sensex fell 718.41 points or 0.94 per cent to 75,672.98.

Eternal, Shriram Finance, and Bajaj Finance were the top losers in the Nifty50 index.

In the broader markets, the Nifty MidCap and the Nifty SmallCap were trading 0.99 per cent and 1.17 per cent down, respectively.

Sector-wise, the Nifty Realty, the Nifty Auto, and the Nifty Metal were the top losers.

Oil prices topped the $100-per-barrel mark for the first time since May, as tension escalated after reports said two Saudi oil tankers were stuck in the Red Sea.

The July future contract was quoted at $100.03 per barrel on the Intercontinental Exchange, down 0.66 per cent.

Q1 Results Today

ACC, Acutaas Chemicals, Apar Industries, Associated Alcohols & Breweries, Atul, Bank of Baroda, Bank of India, CG Power and Industrial Solutions, Container Corporation of India, CreditAccess Grameen, DCB Bank, Dalmia Bharat, Dolphin Offshore Enterprises (India), Dr. Lal PathLabs, Ganesh Housing, Greenply Industries, Grindwell Norton, Hindustan Zinc, Jindal Steel, KFin Technologies, LMW, Laurus Labs, Lodha Developers, MosChip Technologies, NTPC, Neogen Chemicals, OneSource Specialty Pharma, REC, Rajratan, Global Wire, Ramkrishna Forgings, RattanIndia Power, SAIL (Steel Authority of India), SBI Cards and Payment Services, SBI Life Insurance Company, Sakar Healthcare, Sapphire Foods India, Shakti Pumps (India), Share India Securities, Sterlite Technologies, Tata Consumer Products, The New India Assurance Company, V-Mart Retail, Welspun Corp, Wendt (India), WPIL, ZF Commercial Vehicle Control Systems India, REC, Share India Securities, Neogen Chemicals, NTPC, Shriram Finance, MosChip Technologies, Ramkrishna Forgings, Tata Consumer Products

IPO Today

Three mainboard initial public offers will enter the second day of subscription. These are Xtranet Technologies, Indo-MIM, and Lohia Corp.

Cube Highways Trust InvIT and Shree Balaji Mala IPOs will enter the final day of subscription. Both are book-build issues worth ₹5,000 crore and ₹18.90 crore, respectively.