Sensex trades volatile, Nifty below 24,100; Infosys, Grasim Ind shares weigh

The Nifty50 and the Sensex rose as realty, bank, and financial stocks advanced.

As of 10:32 AM, the Nifty50 was up 0.10 per cent or 23.80 points at 24,109.50, and the Sensex rose 48.09 per cent or 0.06 per cent to 77,203.71.

The US Fed held the federal funds target range steady at 3.5 per cent and 3.7 per cent. While Chairman Kevin Warsh avoided giving a rate forecast, the dot plot showed the central bank officials expect a chance of a rate hike in 2026.

Infosys, Grasim Industries, and UltraTech Cement were the top losers in the Nifty50 index.

In the broader markets, the Nifty MidCap and the Nifty SmallCap indices were trading 0.04 per cent and 0.53 per cent higher, respectively.

Sector-wise, the Nifty IT declined the most. The Nifty PSU Bank, the Nifty Metal, and the Nifty Consumer Durables outperformed.

Brent crude prices extended losses following the signing of an interim agreement between the US and Iran, which will open the Strait of Hormuz and waive Washington’s sanctions on Tehran’s oil.

The June future contract was quoted at $78.37 per barrel on the Intercontinental Exchange, down 1.48 per cent.

The Gold and Silver futures were trading 0.93 per cent and 1.9 per cent down, respectively.

IPO Today

Riyaasat Lifestyle and Avience Biomedicals initial public offers (IPOs) will open for subscription on Thursday. The two book-built issues consist entirely of fresh equities worth ₹30.77 crore and ₹30.24 crore, respectively.

Four SME IPOs will enter their second day of subscription. These are Leapfrog Engineering, Liotech Industries, Diksha Polymers, and Clay Craft.

Out of the four, Diksha Polymers and Clay Craft consist entirely of fresh issues worth ₹17.90 crore and ₹0.54 crore.