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The domestic equity benchmarks slipped about a percent each. The Sensex closed 0.93 percent lower at 71,355.22. The Nifty declined 0.91 percent, at 21,513.
Among sectors, FMCG, Pharma, and Metal are down 1 percent each, while Power and Realty indices are up 0.6 percent each.
BSE Midcap index shed 0.7 percent and smallcap index down 0.2 percent.
The domestic currency settled at 83.14, up 1 paisa from its previous close against US Dollar.
STOCKS TODAY
Oil and Natural Gas Corp (ONGC): Shares traded over a percent higher to touch a new 52-week high of Rs 220 a day after it commenced production from its deep water KG-DWN-98/2 block, off the coast of the Bay of Bengal. This development is set to boost ONGC’s overall oil and gas output by 11 percent and 15 percent, the company said in a statement.
Adani Green Energy Ltd: The company plans to redeem $750 million worth of notes due on Sept. 9, eight months before they mature. The company said it will pay $169 million from its reserves and internal accruals, and $300 million from the consideration from a joint venture with TotalEnergies Renewables.
Godrej Industries: shares surged 5.21 percent today after the company signed a non-binding memorandum of understanding (MoU) with the Gujarat government. As part of the MoU, the company may invest Rs 600 crore over the next four years to expand operations in Valia.
ACC: shares fell two percent in early trade today. The cement player completed the acquisition of Asian Concretes and Cements Private Limited (ACCPL) for a total consideration of Rs 775 crore. The company which is a subsidiary of Ambuja Cement, previously held 45 percent of Asian Concretes and Cements. With the current acquisition of the remaining 55 percent stake from its promoter, ACC is now the complete owner of ACCPL. The cost of the remaining stake clocked in at Rs 425.96 crore.
Jupiter Wagons: Shares of Jupiter Wagons rose 2.68 percent today after the company received an order worth Rs 100 crore from an automobile manufacturer.”We have received a significant contract from one of the leading automobile manufacturers for the manufacturing and supply of four rakes of double-decker automobile carrier wagons worth around Rs 100 crore,” the company said in a press release.
Bank of Baroda: Shares of Bank of Baroda dropped 4 percent in early trade on today after reporting a 13.6 percent growth in global advances. Bank of Baroda, a public sector lender, experienced a 10.68 percent year-on-year (YoY) growth in its global business, reaching Rs 22.95 lakh crore for the quarter ended December FY24.
TVS Motors: Shares of TVS Motors rallied 3 percent after the company signed a contract with the Tamil Nadu government to invest Rs 5,000 crore in the southern state.