Key indices drifted lower in volatile early trade as profit booking emerged after three days of upmove. At 9:28 IST, the barometer index, the S&P BSE Sensex, was down 28 points or 0.07% at 37,613.27. The Nifty 50 index was down 3.75 points or 0.03% at 11,101.60.
The S&P BSE Mid-Cap index was up 0.16%. The S&P BSE Small-Cap index was up 0.37%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was strong. On the BSE, 813 shares rose and 530 shares fell. A total of 83 shares were unchanged.
Power Grid Corporation of India rose 0.9%. The company's board of directors has accorded investment approval for Transmission System for Solar Energy Zones in Rajasthan at an estimated cost of Rs 2578.47 crore with commissioning schedule as December, 2020. The announcement was made after market hours yesterday, 27 August 2019.
Oberoi Realty rose 1.22%. Oberoi Realty informed that the Income Tax team has left the company's premises and normal day-to-day business activities have resumed fully. The company implements the best practices of compliance with applicable laws, and it does not anticipate the search and seizure operations to have any material or adverse impact. The announcement was made after market hours yesterday, 27 August 2019.
Dilip Buildcon rose 2%. Dilip Buildcon said that the company has received the appointed date i.e. 24 August 2019 by the National Highways Authority of India for Saoner-Dhapewada, EPC project in Maharashtra. The announcement was made after market hours yesterday, 27 August 2019.
IDBI Bank lost 8.66%. S&P Global Ratings has placed 'BB' long-term and 'B' short-term foreign currency issuer credit ratings on IDBI Bank on CreditWatch with negative implications. The announcement was made after market hours yesterday, 27 August 2019.
More From This Section
Dewan Housing Finance Corporation fell 2.89%. The company said that the meeting of the board of directors of the company is scheduled on 30 August 2019, to consider and approve to consider and approve the proposal for issuance of equity shares and/or other securities of the company including by way of preferential issue, pursuant to a conversion of debt to equity under the proposed resolution plan. The announcement was made after market hours yesterday, 27 August 2019.
Overseas, Asian stocks were trading on a mixed note on Wednesday, as deeper worries about the global economy kept a lid on sentiment.
US stocks slipped on Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised US recession worries and uncertainty over any progress in trade negotiations between the United States and China took a toll.
Powered by Capital Market - Live News