Equity benchmarks pare all gains; Europe opens lower
Published on Sep 22, 2023 13:33
The domestic equity benchmarks sharply pared all gains in afternoon trade. The Nifty traded below the 19,750 mark. European markets declined while their Asian peers traded mostly lower today.
At 13:35 IST, the barometer index, the S&P BSE Sensex, was down 90.42 points or 0.14% to 66,139.82. The Nifty 50 index lost 28.80 points or 0.15% to 19,713.55.
In the broader market, the S&P BSE Mid-Cap index fell 0.10% while the S&P BSE Small-Cap index declined 0.07%.
The market breadth was negative. On the BSE, 1690 shares rose and 1833 shares fell. A total of 174 shares were unchanged.
Stocks in Spotlight:
Infosys was up 0.01%. Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and Nigeria`s Guaranty Trust Bank (GTBank), the banking subsidiary of Guaranty Trust Holding Company Plc, announced that Guaranty Trust Bank has selected the Finacle Digital Banking Suite for its multi-country digital transformation program.
Vedanta shed 0.77%. The company approved for raising on a private placement basis upto 2,50,000 nos. Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (`NCDs`) of face value Rs 1,00,000/- each aggregating upto Rs 2,500 crores in one or more tranche(s).
Wipro declined 2.30%. The company announced that it is appointing Aparna C Iyer as chief financial officer, effective immediately. Aparna will report to CEO Thierry Delaporte and will join the Wipro executive board.
Meanwhile, Jatin Pravinchandra Dalal resigned as chief financial officer of the company to pursue professional goals outside the organization. He will be relieved from the services of the company with effect from 30 November 2023.
Ultratech Cement slipped 1.34%. The company said that it has entered into an agreement with The India Cements for purchase of land admeasuring 73.75 acres located at villages Kantakapalle and Chinnipalem, Mandal Kothavalasa, District Vizianagram, Andhra Pradesh. The said land parcel has been acquired for a consideration of Rs 70 crore.
European markets edged lower while Asian stocks traded mixed on Friday.
Japan`s headline inflation rate came in at 3.2% for August, slightly slower than the 3.3% seen in July and the 16th straight month that inflation has went above the Bank of Japan`s 2% target. The core inflation rate, which strips out prices of fresh food stood at 3.1%, unchanged from the July.
US stocks notched a third straight day of losses on Thursday as Treasury yields popped to multiyear highs and investors grew worried that lawmakers would be unable to prevent a shutdown.
The Bank of England paused its hiking cycle, keeping the policy rate at 5.25%, after cooler-than-expected inflation data.
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