BSE Sensex, which opened over 100 points lower on Tuesday, recovered almost 200 points from its day’s low. Weak cues from the global markets dented investor sentiment in early trade. However, strong buying in shares of Coal India, HDFC, Bharti Airtel, Asian Paints, TCS, LT among others pared Sensex losses. The NSE Nifty 50 traded flat-to-positive at 10,770.55 points.
Shares of Coal India rose almost 2%, while Bharti Airtel, HDFC and Asian Paints stocks traded with gains of over 1%. The IPO (Initial Public Offering) of the Aurangabad-headquartered auto component maker Varroc Engineering Ltd opened today, 26 June 2018, for subscription with a target to raise up to Rs 1,955 crore. Varroc Engineering IPO is the biggest IPO in FY19 so far.