Sensex down 200 pts; Nifty below 23,900; Nifty IT falls over 2%

The Nifty50 and the Sensex erased early gains as investors await the the talks between the US and Iran.  As of 10:00 AM, the Nifty50 fell 59.45 points or 0.25 per cent to 23,886.80, and the Sensex was down 155.87 points or 0.2 per cent at 76,572.50. 

Eicher Motors, Tata Consumer Products, and Infosys were the top losers in the Nifty50 index.

In the broader markets, the Nifty MidCap was down 0.05 per cent and the Nifty SmallCap was up 0.37 per cent Sector-wise, the Nifty IT declined over 2 per cent to become the worst-performing sectoral index. The Nifty Auto and the Nifty Metal also underperformed. Meanwhile, the Nifty Chemical and the Nifty Realty outperformed.

IPO Today

Five initial public offers opened for subscriptions on Tuesday. These are Kratikal Tech, Vinit Mobile, Sampark India Logistics, Seemax Resources, Atharva Polyplast, and Teja Engineering Industries.

Aastha Spintex IPOs entered the second day of subscription. The company is seeking to raise ₹170 crore.

Adon Agro Commodities and Twinkle Papers IPOs entered the second day of subscription. Both are book-built issues worth ₹44.03 crore and ₹27.52 crore, respectively.

Crazy Snacks IPO entered its second day of subscription. It’s a book-built issue worth ₹31.47 crore, which entails both fresh issue and offer for sale.