The market ended volatile session lower on Wednesday, but recovered half of its losses amid continued uncertainty over the formation of government in Karnataka. Recovery in rupee post RBI’s likely intervention and fall in crude oil prices also supported the market. Reliance Industries, ICICI Bank and HDFC Group stocks dragged while ITC and HUL provided support to the market. The 30-share BSE Sensex was down 156.06 points at 35,387.88 and the 50-share NSE Nifty fell 60.80 points to 10,741.10. The Nifty Midcap index outperformed frontliners, ending below the flatline but the market breadth remained in favour of declines. About two shares fell for every share rising on the NSE. » Read more
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#Nifty ended at 10617.80 UP 47.25 and Sensex at 34713.60 UP 212.33 points.
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#India will network with Asia’s major oil buyers to negotiate with sellers: Dharmendra Pradhan.
#Tata Consultancy Services expands operations in Texas.
#Siemens Gamesa bags wind turbine order of 300 MW in India.
#Abbott discontinues selling Xience Alpine stents in India.
#HDFC Bank hikes interest on FDs; loans could get costlier.
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