Sensex, Nifty Log Losses For The First Time In 2022
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.
KEY HIGHLIGHTS
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Closing Bell
India's stock benchmarks snapped a four-day winning streak, dragged by losses in information technology, banking, energy and realty stocks. This is the first time the S&P BSE Sensex and NSE Nifty have closed a session with losses in 2022.
The Sensex fell 1.03% to 59,601.84. The Nifty also declined by similar magnitude to 17,745.90.
JSW Steel Ltd. had the largest drop, falling 3.0%. Today, 34 of 50 shares fell, while 15 rose.
The broader indices outperformed their larger peers with both the S&P BSE MidCap and S&P BSE SmallCap closing little changed. Thirteen of the 19 sectoral indices compiled by BSE Ltd. declined with S&P BSE Information Technology and S&P BSE Realty shedding nearly 1.5%.
The market breadth was skewed in the favour of bulls. About 2,000 stocks advanced, 1,389 stocks declined and 83 remained unchanged.
Zee Learn Shares Jump 20% Amid Report That Byju's Is Looking To Buy Majority Stake In Zee Learn
Shares of Zee Learn Ltd. rose 20% to Rs 19.6 apiece after CNBC-TV18 reported that Byju's is looking to buy majority stake in the company.
Talks between Byju's and Zee Learn are at an early stage, reports CNBC-TV18, citing people familiar with the matter.
Deal could be a mix of preferential issue and sale of stake by holders.
CNBC-TV18 did not receive a response from the companies.
Sugar Stocks Advance
Shares of sugar companies advanced with Balrampur Chini, Triveni Engineering hitting record highs.
Industry group ISMA said that sugar production grew 4% YoY in the quarter ended December, on Monday.
Shares of sugar companies have risen between 13-25% over the past three sessions.
Source: Bloomberg
CG Power Has 1.5 Million Shares Change Hands
CG Power & Industrial Solutions Ltd. has 1.5 million shares change hands in a large trade.
Details of the buyers and sellers are not known immediately.
Source: Bloomberg
Capricorn Energy Expects To Pay Special Dividend In Early 2022
Capricorn Energy reiterated that it expects to pay out a special dividend in early 2022 after it receives a tax refund from India.
Capricorn is working with Indian government to expedite the refund of approximately Rs 7,900 crore.
Capricorn is recently renamed from Cairn Energy
Source: Bloomberg