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1:5 Stock Split Approved: Defence Stock To Be Cheaper Soon, Shares Zoom 507% In 1-Yr -
Edelweiss Alternatives Expands Portfolio with Bengaluru's MMTP Projects Acquisition -
1:2 Split, 1:1 Bonus, Rs 28/Sh Dividend: Mahindra's IT Stock To Pay 560% Dividend; Check Record, Payment Dates -
Kotak Mahindra Bank Takes Steps to Address RBI's IT Compliance Issues -
IndiGo to Expand Fleet with Up to 100 Airbus A350 Wide-Body Aircraft -
Dimapur Businesses Announce Shutdown Over Rampant Illegal Taxation -
ICEA Proposes Semiconductor Design, Manufacturing as India's Strategic Sector -
RBI Mandates Gurugram's TalkCharge to Refund PPI Wallet Funds -
Vedanta Reports 27% Decline in Q4 Net Profit Amid Tuticorin Impairment -
IndusInd Bank Q4 Results: PAT Soars 15% To Rs 2,349 Cr, NII Climbs 15%; 165% Dividend Declared
Sensex trades lower on weak Asian cues; Maruti dips on Gujarat plant concerns
Metal stocks continued to head lower with losses seen in Hindalco, Tata Steel and Sterlite Industries.
Reliance Industries was trading lower as the final Supreme Court hearing on gas pricing for the KG gas basin begins.
Banking stocks which saw marginal profit booking in trade on Tuesday were down once again on profit booking. Yes Bank, State Bank of India and Punjab National Bank were among the early losers.
Maruti Suzuki was trading lower after domestic institutions resented to the company's recent idea of outsourcing manufacturing activity for its Gujarat Plant. The stock was down 3.4 per cent in trade.
Unitech was trading up despite reports that LIC was close to seizing its Noida land.
Mid cap stocks which fell sharply in trade in the last 30 minutes on Tuesday were trading higher. Notable gainers were Aurobindo pharma, Havells India, Jubilant Foods and Crompton Greaves.
Real estate stocks were also trading with gains. Among the notable gainers were HDIL, DLF and DB Realty. Sun Pharma which fell sharply in trade on Tuesday recovered lost ground and was trading with gains.
Meanwhile, markets in Asia were lower on worries over Chinese Growth. The Japanese Nikkei saw a huge loss of 2.2 per cent, while the Seoul Composite as down 1.22 per cent.
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