The 30-share BSE Sensex was down 28.50 points at 26490.57 and the 50-share NSE Nifty declined 14.90 points to 8138.70. The market breadth weakened further as about 1290 shares slipped against 1072 advancing shares on the BSE.
Nifty Bank, Metal, Healthcare and Realty indices were under pressure while IT and Auto gained.
Oil marketing companies IOC, HPCL and BPCL shares were down 1-1.5 percent after they have deferred a planned Rs 2.26 a litre hike in petrol and Rs 1.78 increase in diesel. These companies revise rates, particularly when a price cut is necessitated, on 1st and 16th of every month based on average international price in the previous fortnight.
In the broader space, Tree House was locked at 20 percent lower circuit as following playgroup downing the shutters on 113 branches across India, the company has come under a spotlight. It has claimed that it hasn't been able to pay staff salaries leading to the shutting of branches.
Bajaj Auto launched its latest sports bike Dominar 400 priced up to Rs 1.5 lakh (ex-showroom Delhi) as it looks to challenge segment leader Royal Enfield in the Rs 1-2 lakh category.
GE Shipping takes delivery of secondhand Supermax dry bulk carrier.
Cipla subsidiary in the Netherlands will pump in up to euro 16.8 million to form a joint venture with its Iranian distributor Ahran Tejarat Company. The JV proposes to undertake manufacturing and marketing of pharmaceutical products in Iran.
Dilip Buildcon wins new project from Andhra Pradesh worth Rs 260 crore, earlier had bagged order worth Rs 900 crore from Maharashtra.
Claris Lifesciences has agreed to sell its global generics injectables business to Baxter International for a total consideration of US $ 625 million. The Boards of both companies have approved the deal, which is expected to close in the second half of 2017, a note from Baxter said.
Sical Logistics informed that its logistics operations at Chennai, Kamarajar port interrupted due the cyclone.
Welspun India is investing Rs 600 crore for setting up a facility for manufacturing carpets, area rugs and carpet tiles here, marking the leading global home textile firm's foray into flooring solutions segment.
Phoenix Mills acquires additional 3.75% stake in subsidiary, Alliance Spaces.
Persistent's promoter S P Deshpande to donate 4.99% stake to philanthropic foundation.
IL&FS Transport to acquire 4 Indian investments by Elsamex for Rs 141 crore.
Saksoft acquires majority stake in Dreamorbit to strengthen IoT.
Axis Bank dismisses 24 staffers, suspends 50 accounts after IT raids.
Sanofi said to be in advanced talks to buy drugmaker Actelion.
Merck wins $2.54 bn in Hepatitis C drug trial against Gilead.
Goldman Sach's case against Gati fast-tracked in test for courts
Telenor looks to sell its India unit to Idea Cellular.
Nifty Bank, Metal, Healthcare and Realty indices were under pressure while IT and Auto gained.
Oil marketing companies IOC, HPCL and BPCL shares were down 1-1.5 percent after they have deferred a planned Rs 2.26 a litre hike in petrol and Rs 1.78 increase in diesel. These companies revise rates, particularly when a price cut is necessitated, on 1st and 16th of every month based on average international price in the previous fortnight.
In the broader space, Tree House was locked at 20 percent lower circuit as following playgroup downing the shutters on 113 branches across India, the company has come under a spotlight. It has claimed that it hasn't been able to pay staff salaries leading to the shutting of branches.
Bajaj Auto launched its latest sports bike Dominar 400 priced up to Rs 1.5 lakh (ex-showroom Delhi) as it looks to challenge segment leader Royal Enfield in the Rs 1-2 lakh category.
GE Shipping takes delivery of secondhand Supermax dry bulk carrier.
Cipla subsidiary in the Netherlands will pump in up to euro 16.8 million to form a joint venture with its Iranian distributor Ahran Tejarat Company. The JV proposes to undertake manufacturing and marketing of pharmaceutical products in Iran.
Dilip Buildcon wins new project from Andhra Pradesh worth Rs 260 crore, earlier had bagged order worth Rs 900 crore from Maharashtra.
Claris Lifesciences has agreed to sell its global generics injectables business to Baxter International for a total consideration of US $ 625 million. The Boards of both companies have approved the deal, which is expected to close in the second half of 2017, a note from Baxter said.
Sical Logistics informed that its logistics operations at Chennai, Kamarajar port interrupted due the cyclone.
Welspun India is investing Rs 600 crore for setting up a facility for manufacturing carpets, area rugs and carpet tiles here, marking the leading global home textile firm's foray into flooring solutions segment.
Phoenix Mills acquires additional 3.75% stake in subsidiary, Alliance Spaces.
Persistent's promoter S P Deshpande to donate 4.99% stake to philanthropic foundation.
IL&FS Transport to acquire 4 Indian investments by Elsamex for Rs 141 crore.
Saksoft acquires majority stake in Dreamorbit to strengthen IoT.
Axis Bank dismisses 24 staffers, suspends 50 accounts after IT raids.
Sanofi said to be in advanced talks to buy drugmaker Actelion.
Merck wins $2.54 bn in Hepatitis C drug trial against Gilead.
Goldman Sach's case against Gati fast-tracked in test for courts
Telenor looks to sell its India unit to Idea Cellular.
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