Sensex, Nifty Snap Seven Day Winning Streak In A Volatile Session
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Indian equity benchmarks snapped a seven-day winning streak weighed down by selloff in the final hour of trade.
The S&P BSE Sensex index shed nearly 0.1% to 61.716.05. This after the 30-stock index hit a record 62,245.43 in intraday trade. The NSE Nifty 50 Index declined 0.32% to close at 18,418.75. The 50-stock gauge hit a record 18,604.45 in intraday trade.
The broader indexes underperformed their broader peers with the S&P BSE MidCap index and the S&P BSE SmallCap declining nearly 2%. Barring S&P BSE Energy, S&P BSE Information Technology, S&P BSE Capital Goods and S&P Teck indexes, all the other 15 sectoral indexes compiled by BSE Ltd. declined, with the S&P BSE Realty index falling over 4.5%.
The market breadth was skewed in favour of bears. About 983 stocks advanced, 2,382 declined and 124 remained unchanged.
Sensex, Nifty At Day's Low
IRCTC Shares Down 10%
Ola's COO & CFO To Exit The Company: Moneycontrol Report
Ride-hailing app Ola's CFO Swayam Saurabh and COO Gaurav Porwal have left the company last week, reports Moneycontrol, citing unidentified people familiar with the matter.
Ola and Porwal denied plans to exit last week and an Ola spokesperson was yet to respond to Moneycontrol's queries on Saurabh.
Inox Wind Enters SPA With Subsidiary To Acquire Resco Global; Shares Decline
Shares of Inox Wind Ltd. fell 8% in intraday trade to Rs 118 apiece after the company entered into a share purchase agreement with its subsidiary Inox Wind Infrastructure Services Ltd. to acquire the entire issued and paid up equity share capital of Resco Global Wind Services Ltd.
After the acquisition, Resco Global shall become a direct wholly owned subsidiary of Inox Wind.
In an exchange filing, Inox Wind said that the acquisition is being done as part of the company strategic business plan and will be completed before October 30, 2021.