Sensex falls 500pts; Tata group shares slips 3% on news of Chandrasekaran’s exit

The benchmark indices, Nifty50 and the Sensex, extended losses as oil prices remained firm on uncertainty over a deal to reopen the Strait of Hormuz.

As of 11:00 AM, the Nifty50 fell 154.85 points or 0.63 per cent to 24,316.85 and the Sensex was down 521 points or 0.67 per cent at 77,633.29.

In the broader markets, the Nifty MidCap was down 0.09 per cent, and the Nifty SmallCap rose 0.07 per cent.

Sector-wise, the Nifty PSU Bank and the Nifty Metal outperformed, while the Nifty Realty, the Nifty IT, and the Nifty Pharma underperformed.

Q1 Results Today

63 Moons Technologies, Abbott India, AIA Engineering, Apollo Hospitals, Arvind, Astral, Bliss GVS Pharma, Caplin Point Laboratories, DCX Systems, Dev Accelerator, EID Parry India, EMS, Eureka Forbes, Fiem Industries, Gujarat Fluorochemicals, General Insurance Corporation of India, Globe Civil Projects, GMR Airports, Gujarat Pipavav Port, Grasim Industries, Gujarat State Fertilizers & Chemicals, Hindustan Aeronautics, H.G. Infra Engineering, Hindustan Oil Exploration Company, Hindware Home Innovation, Hi-Tech Pipes, Indo Count Industries, India Glycols, Indian Hume Pipe Company, Indiqube Spaces, IRCON International, IRCTC, Jagran Prakashan, Jyothy Labs, Kirloskar Industries, La Opala RG, Man Infraconstruction, Marksans Pharma, MIDHANI, Motisons Jewellers, MTNL, National Fertilizers, Petronet LNG, Religare Enterprises, Sansera Engineering, Scoda Tubes, Shalby, Shringar House of Mangalsutra, Shriram Properties, SKF India, Somany Ceramics, Sudarshan Chemical Industries, Sun TV Network, Tasty Bite Eatables, Titagarh Rail Systems, Tata Motors, Vadilal Industries, Vesuvius India, VIP Industries, VA Tech Wabag, West Coast Paper Mills, Yatra Online.

IPO Today

Behari Lal Engineering and Shiprocket initial public offer (IPO) opened for subscription on Wednesday. Q&T Foods and Pramodini Medicare IPOs also opened for subscription.

Milky Mist Dairy Food IPO entered the second day of subscription. The book-build issue is worth ₹1,553 crore.

Sham Foam and Fascinate Textiles IPOs opened for the second day of subscription.

Dhoot Transmission and Molbio Diagnostics initial IPOs opened for subscription for the final day. The companies are aiming to raise ₹3,066.89 crore and ₹939.70 crore, respectively.