Indian stock markets extend gains despite global trade uncertainties:Sensex reclaims 82,000-mark; indices rise for 4th consecutive day

On the second trading day of the week today, Tuesday, October 7, the Sensex is trading above 82,200 with a gain of 400 points. The Nifty is up 100 points and is at the 25,200 level. Out of 30 Sensex stocks, 23 stocks are up and 7 are down: Shares of Tata Steel, Larsen Toubro and Bajaj Finance have risen. Trent has fallen more than 2%. Out of 50 Nifty stocks, 39 stocks are up and 11 are down: NSE’s metal, pharma, banking and realty sectors are gaining. Media, private banking and financial services related stocks are declining. In other Asian markets, trading was mixed FIIs – net sellers of Indian equities for last 3 months straight LG Electronics IPO opens today South Korean company LG’s Indian unit LG Electronics India Limited’s IPO has opened today ie October 7. In this issue, the company’s existing investors are selling 10.18 crore shares, valued at ₹15,000 crore. This will be 15% stake in the company. Second day of Tata Capital’s IPO today The IPO of Tata Group’s financial services arm Tata Capital is open from yesterday ie Monday (October 6). The company’s issue will remain open for public subscription till October 8. Through the IPO, Tata Capital plans to raise ₹15,512 crore.