Indian equity benchmarks opened lower on Tuesday as elevated crude prices and selling in IT and auto stocks weighed on sentiment amid fears of a possible US Fed rate hike. Sensex slipped over 150 points to 75,970, while Nifty fell 36 points to 23,743.
With more than a dozen insurance, asset management, commercial banking, non-banks, microfinance, housing finance and payment bank players already filing draft documents with the market regulator Sebi for public offerings
Shyam Metalics and Energy Ltd and Sona BLW Precision Forgings (Sona Comstar) will launch their IPOs on Monday, while Krishna Institute of Medical Sciences and Dodla Dairy will be open for public subscription on Wednesday
