Closing Bell: The frontline S&P BSE Sensex fell 69 points to settle at 57,232 levels while the Nifty50 shut shop at 17,063 down 29 points
Adani Enterprises Ltd on Wednesday announced divestment of its entire stake in DC Development Hyderabad Pvt Ltd and Naida Data Center (NDCL) to AdaniConnex Pvt Ltd. Consequently, DC Development Hyderabad and NDCL have ceased to be wholly-owned subsidiaries of the company, Adani Enterprises said in a filing to BSE. "The company has divested its 100 per cent stake in DC Development Hyderabad Private Ltd and Naida Data Center Ltd, wholly owned subsidiary (WoS) companies on 22nd February, 2022 to AdaniConnex Private Limited," the filing said. AdaniConnex is 50 per cent joint venture company of AEL with EdgeConneX Europe B.V.
As per block deal data on BSE, Societe Generale sold nearly 71 lakh shares at an average price of Rs 2,436.8 apiece
Stock market LIVE: The broader markets were also deep in red with the BSE MidCap and SmallCap indices trading down up to1.5 per cent.
Its net profit jumped 101% to Rs 3,447 crore in Dec 2021 and net sales rose 69%
Closing Bell: Hindalco, UPL, Sun Pharma, Adani Ports, Divis Labs, and TCS were the top drags, down up to 3.45 per cent
In the ranking of top-10 firms, RIL retained its number one position, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, SBI, HDFC, Bajaj Finance and Bharti Airtel.
On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2 per cent) and the Nifty Pharma index (down 0.8 per cent).
HDFC (up 1.7 per cent), Reliance Industries (1.2 per cent), and Power Grid (0.56 per cent) were the top large-cap gainers today
Among individual stocks, Bharti Airtel, M&M, HDFC, Kotak Bank, Nestle India, and Dr Reddy's Labs were the only Sensex gainers today
Bajaj Finance on Tuesday beat mortgage lender HDFC in terms of market capitalisation (m-cap) to become the eighth-most valued stock on the BSE
Seeking shareholder approval would impede normal functioning
Some troops in Russia's military districts adjacent to Ukraine are returning to their bases after completing drills, Russia's defence ministry was quoted as saying
The NSE Nifty50, on the other hand, breached below the 16,850-mark to end 532 points, or 3.06 per cent, lower at 16,843. This was the indices biggest intra-day fall since November 26, 2021
India is a solid structural investment opportunity and the markets are likely underestimating the growth recovery underway in the economy, Jitendra Gohil said
The 'multi-cap' schemes - that invest at least a fourth of their corpus in large-caps, small-caps and mid-caps - have gained investor favour in recent months
Reliance Industries Limited, the most valued firm by market valuation, emerged as the only gainer from the top-10 pack
In the broader market, the BSE midcap and smallcap indices were trading over 1 per cent lower.
Indowind Energy reported a consolidated net loss of Rs 21.64 lakh in the December quarter, mainly due to low revenue. The company had posted a consolidated net profit of Rs 61.02 lakh in the quarter ended December 31, 2020, a BSE filing stated. The total revenue of the company stood at Rs 4.22 crore in the quarter, compared to Rs 5.32 crore a year ago.
Sebi, in January, came out with a framework for operationalising the gold exchange, wherein the yellow metal will be traded in the form of EGRs