After the 5 consecutive northward
trading sessions Indian benchmark indices witnessed the profit booking and
plunged over 1% ahead of IIP and CPI data. Sensex fell down by 215.57 points
and ended the today’s trading session at 19,781.88 and Nifty ended the day at 5,850.70
plunging 62.45 points. The Indian rupee also faltered and hovered around 64 per
dollar mark.
JP Associates sheds as Jaypee
group has sold its Gujarat cement unit to Ultratech Cement for Rs 3,800 crore.
UltraTech will pay Rs 150 crore in stock, Rs 1,650 crore in cash and assume
debt worth Rs 2,000 crore. Jaypee Group has said that the deal will help JP
Associates reduce its outstanding debt by 15 percent.
Shares in IDFC surged after the
Reserve Bank of India on Wednesday lifted restrictions placed on foreign
investors purchasing shares of the company as their shareholding in IDFC fell
below the prescribed limit. The company had reduced the limit that foreign
investors can own in the infrastructure lender to 54 per cent from 74 per cent
without giving a reason in August.
Among the sectoral indices CNX
FMCG (0.74%), CNX Realty (0.52%) and CNX Pharma (0.12%) were only gainers of
the day while CNX Metal (-2.61%), Bank Nifty (-2.03%) and CNX MNC (-1.95%) were
top losers of the day.
Out of 50 stocks of Nifty 12
stocks ended in green, 37 ended in red and 1 remain unchanged.
Top 5 Nifty gainers: Tata Power
(3.80%), IDFC (2.66%), ITC (2.32%), GAIL (2.03%) and Ranbaxy (1.18%) were index
top gainers.
Top 5 Nifty losers: JP Associate
(-11.98%), IndusInd Bank (-5.65%), Tata Steel (-4.48%), BHEL (-4.12%) and ONGC
(-3.98%) were top index laggards.
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