POST MARKET
Indian equity benchmark indices failed to hold on to their intraday gains and ended with little change on June 10 amid broad-based selling pressure across sectors, except FMCG and private banks.
Sectorally, FMCG and private banking stocks outperformed, whereas all other major indices ended in the red, with media, realty, energy, metal, oil & gas, and PSU bank indices falling 1-2%.
Broader markets underperformed, with the Nifty Midcap and Nifty Smallcap indices declining around 1.5% and 1.3%, respectively.
STOCKS IN NEWS
Oil India, ONGC
Shares of upstream oil producers Oil India and ONGC came under heavy selling pressure on Wednesday as crude oil prices retreated from recent highs. Oil India nearly crashes 10%. ONGC falls nearly 3% as Brent slips near $91 a barrel
Concord Biotech
Shares of Concord Biotech gained 3.74 percent on Wednesday after the company received approval from the US Food and Drug Administration (USFDA) for its Tofacitinib tablets.
CMR Green Technologies
Shares of CMR Green Technologies hit a lower circuit of 10 percent on Wednesday after making a strong market debut earlier in the day.
Source: Mint, Moneycontrol