Binani Industries stock jumps 4% limit on Bain Capital bid report.
Nifty Bank trades 350 pts lower. PNB (-5%), Canara Bank, ICICI Bank (-3%), BoB, Yes Bank (-2%).
L&T Infotech stock down 3% as parent L&T to sell 2% stake in co.
Cipla stock up 1% on pact to sell Roche cancer, arthritis drugs.
Sadbhav Infra stock rises 2% as co bids lowest for Rs 1,047 Cr project.
HPCL stock down 4% as stock trades ex-dividend.
Dalmia Bharat pips UltraTech to win bid for Binani Cement.
HDFC QIP floor price set at Rs1,824.63 apiece.
Bharat Forge completed stake sale in power equipment joint venture with GE.
Subdued trend across most global markets coupled with persistent weakness in banking stocks dragged Indian equity indices lower at the start of the session.
Global markets snapped the recent winning streak after comments from US Federal Reserve Chair Jerome Powell stoked fears of a faster pace of interest rate hikes in the US.
The BSE Sensex was trading at 34,147, down 200 points, while the Nifty50 index was trading at 10,498, down 57 points.
The BSE Midcap Index slipped 0.50% and the BSE Smallcap Index was down 0.40%.
Global markets snapped the recent winning streak after comments from US Federal Reserve Chair Jerome Powell stoked fears of a faster pace of interest rate hikes in the US.
The BSE Sensex was trading at 34,147, down 200 points, while the Nifty50 index was trading at 10,498, down 57 points.
The BSE Midcap Index slipped 0.50% and the BSE Smallcap Index was down 0.40%.
HIGHLIGHT INVESTMENT RESEARCH BEST STOCK ADVISORY IN INDORE
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