Markets Today: Staging a smart rebound in the last few minutes, the S&P BSE Sensex settled 5 points higher at 62,793, while the Nifty50 saw gains of 5 points at 18,599.
Tech M, Infosys, TCS, HCL Tech, and Wipro fell between 1 and 2 per cent, while ONGC, Hindalco, Coal India, ICICI Bank, Nestle India, Bharti Airtel, and HDFC twins slipped up to 1 per cent.
Kotak Bank, Axis Bank, Maruti Suzuki, Tata Motors, and ITC, up between 0.5 per cent and 2 per cent, led the recovery.
The broader markets, however, saw decent gains with the BSE MidCap and SmallCap indices advancing 0.29 per cent and 0.42 per cent, respectively.
IPO Update: IKIO Lighting Subscription Day 1
The three-day issue of IKIO Lighting sailed through on the first day itself. The non-institutional investors’ (NII) portion was subscribed nearly 2 times till 3:30 PM, followed by retail quota (1.35x), and QIB (29 per cent).
Global Cues
Globally, rally in the US markets took a backseat overnight, with Dow Jones, NASDAQ Composite, and the S&P 500 indices slipping up to 0.5 per cent.
This morning, markets in Asia-Pacific, too, exhibited weakness as Nikkei 225, Topix, and the S&P 200 indices tumbled up to 0.6 per cent.
In the commodities market, prices of Brent Crude and WTI Crude retreated gains as they declined 0.2 per cent each to $76 per barrel, and $71 per barrel, respectively.
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