Sensex off highs, up 150 pts; SMIDs weak; Hindalco, Delhivery shed 5.5% each

Indian stock markets were higher at the open. The BSE Sensex index traded around 83,759 levels, rising 300 points or 0.36 per cent, while the Nifty50 was at 25,651, up 53 points or 0.21 per cent.

Asian Paints, IndiGo, M&M, Adani Ports, Sun Pharma, Reliance Industries, and SBI were the top gainers on Thursday.

In the broader markets, the Nifty MidCap index and the Nifty SmallCap index fell 0.24 per cent each.

Among sectors, the Nifty Auto index climbed 0.7 per cent, followed by the Nifty FMCG index (0.5 per cent). On the downside, the Niffty Metal index fell 0.9 per cent.

IPOs today

In the mainboard IPO segment, the basis of allotment for Lenskart Solutions IPO shares is set to take place today. Shares of Orkla India are scheduled to make their D-Street debut today. Meanwhile, the Groww IPO enters the second day of subscription.

In the SME space, Finbud Financial Services IPO opens for public subscription, while Shreeji Global FMCG enters the second day of its subscription. Shares of Safecure Services are also set to make their D-Street debut today.