Indian benchmark indices erased early gains and ended flat amid expiry day volatility. The Sensex inched up 0.01% to close at 55949.10 and Nifty was 0.01% up at 16636.90.
Indian rupee gained 3 paise to end at 74.22 against the US dollar.
Among Nifty sectors, gains were in FMCG (0.58%), energy (0.55%), and financial services (0.22%). Top losers were metals (-1.27%), pharma (-0.52%) and auto (-0.46%) sectors.
Stocks in News Today
HDFC Bank: The bank became India’s first lender to list its 3.7% $1 billion foreign currency additional tier-I (AT1) bonds in International Financial Services Centre (IFSC) of Gujarat International Finance Tec-City (GIFT). “The primary listing of HDFC AT1 Bonds demonstrates the competitiveness of both the IFSC Exchanges – India INX and NSE IFSC internationally,” said IFSCA Executive Director Manoj Kumar.
Bharti Airtel: The telecom operator shares fell 4.17% to close ar Rs 586.9, a day after the company announced its fundraising plans. The company’s board will meet on August 29 to consider and approve the fundraising through equity or debt instruments.
KNR Constructions: The company’s shares rose 2.71% to Rs 306.9, after the company said its board has approved dilution of the entire stake held in material subsidiary companies subject to necessary regulatory approval. The dilution of stake will take place in KNR Shankarampet Projects, KNR Srirangam Infra and KNR Tirumala Infra, the company said.