
The benchmark indices continued to trade with significant losses in mid-morning trade. The Nifty traded below the 17,100 level after hitting the day's high of 17,224.65 in morning trade. IT stocks extended losses for the fourth consecutive trading session.


Indices trade with modest losses, IT stocks under pressure

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Tube Investments of India (TII) rose 1.02% to Rs 2,731.45 after the company announced a foray into the Contract Development (CDMO) business and has signed an agreement with N Govindarajan, to incorporate a subsidiary for the same.

Tube Investments gains on foraying into CDMO biz

Equitas Small Finance Bank fell 3.58% to Rs 61.86, extending recent steep losses.

Equitas Small Finance Bank drops over 17% in four days

Optiemus Infracom rose 2.97% to Rs 237.60 on bargain hunting after recent steep slide.

Optiemus Infra gains on bargain hunting

GMR Airports Infrastructure rose 1.93% to Rs 39.60 after its step-down subsidiary, GMR Hyderabad International Airport (GHIAL), raised funds through issuance of non-convertible debentures (NCDs) amounting to Rs 840 crore, on private placement basis.

GMR Airports rises as arm raises Rs 840 cr via NCDs

Info Edge (India) Ltd clocked volume of 4.6 lakh shares by 10:46 IST on BSE, a 79.8 times surge over two-week average daily volume of 5765 shares

Volumes soar at Info Edge (India) Ltd counter


As per the latest estimates of National Income released by National Statistical Office, Ministry of Statistics and Programme Implementation (MoSPI), real GDP is projected to grow by 9.1 per cent in 2021-22 (1st RE) and 7 per cent in 2022-23 (2nd AE). This was stated by the Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha. The Minister further stated that the annual data, which provides a stable basis for assessment, shows that the growth momentum of the Indian economy continues after completing full recovery. The IMF and the World Bank projects India to be the fastest-growing major economy in 2023. As per the latest data available on World Development Indicators, World Bank, India is the 5th largest economy in terms of GDP ranking of countries at Current US Dollar in 2021, the Minister stated.

India's real GDP projected to grow by 9.1% in 2021-22: Ministry Of Finance

Sona BLW Precision Forgings jumped 5.54% to Rs 428.30 after auto component maker announced that Blackstone's 20.5% stake in the company has been acquired by long-term investors.

Sona Comstar jumps after marquee investors acquire Blackstone's 20.5% stake in Co.

NMDC rose 1.62% to Rs 116.30 after the company announced that Amitava Mukherjee, director (finance) has been assigned the additional charge of chairman and managing director (CMD) for a period of 3 months upto 31 May 2023.

NMDC gains on appointing Amitava Mukherjee as interim CMD

The carbonated soft drinks maker said that it has invested 9.80% of equity share capital (5.68% on fully diluted basis) of Lone Cypress Ventures, a special purpose vehicle (SPV), for a cash consideration of Rs 3.15 crore.

Varun Beverages acquires 9.8% stake in UP-based solar power producer Lone Cypress Ventures

Shares of Divgi TorqTransfer Systems were currently trading at Rs 570 at 10:13 IST on the BSE, a discount of 3.39% as against the issue price of Rs 590.

Divgi TorqTransfer Systems slides on debut

Metal stocks were trading in green, with the S&P BSE Metal index rising 63.53 points or 0.33% at 19474.01 at 09:46 IST.

Metal shares edge higher

Capital Goods stocks were trading with gains, with the S&P BSE Capital Goods index increasing 111.61 points or 0.33% at 34120.13 at 09:46 IST.

Capital Goods stocks rise

Consumer Durables stocks were trading in the positive zone, with the S&P BSE Consumer Durables index rising 177.92 points or 0.48% at 37199.36 at 09:46 IST.

Consumer Durables shares gain


The company intends to obtain solar power (generation and supply) from SPV for its facilities located in Sandila, Uttar Pradesh and Kosi, Uttar Pradesh. Solar power is environment friendly (green energy) with the added advantage of reduction in the power cost of the respective facilities.


Varun Beverages acquires 9.80% stake in Lone Cypress Ventures for captive power use


TII will be investing up to Rs. 285 crore and NG will be investing up to Rs. 15 crore in the form of equity and compulsorily convertible preference shares.

Tube Investments of India forays into contract manufacturing biz

UN praises India's G20 presidency for emphasising sustainable development goals

Krsnaa Diagnostics rallied 3.72% to Rs 398.60 after the company announced that it has won a tender to provide services of lab investigation facilities under 'Hinduhridaysamrat Balasaheb Thakeray Chikitsa' in Mumbai.

Krsnaa Diagnostics jumps on bagging order for lab investigation facilities

Adani Transmission Ltd has lost 23.99% over last one month compared to 1.74% gain in S&P BSE Power index and 3.66% drop in the SENSEX

Adani Transmission Ltd Falls 5%


CA Grameen has been demonstrating robust business momentum since June 2022, after being at the forefront of adhering to RBI's revised microfinance guidelines during April - May 2022. CA Grameen has already added over 3.7 lakh new borrowers during Q4 FY23 till date, significantly higher compared to 2.8 lakh and 3.0 lakh new borrowers added during Q2 FY23 and Q3 FY23 respectively. 


CreditAccess Grameen achieves milestone of Rs 20,000 cr AUM


Before today's transaction, Aureus Investment and Blackstone held 
33.0% and 20.5% respectively in Sona Comstar as the auto technology company's co-promoters. 


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