Sensex, Nifty mildly lower after S&P reaffirms India rating; Asia weak
Equity benchmarks started off the week on a negative note on Monday, weighed by banks after the S&P retained its India’s rating at BBB- and outlook stable. Weak Asian cues also weighed on sentiment.
The 30-share BSE Sensex was down 77.25 points at 33,601.99 and the 50-share NSE Nifty fell 35.30 points to 10,354.40.
ONGC, L&T, Bosh, Dr Reddy's Labs and Power Grid were early gainers while Sun Pharma, Vedanta, HPCL and Tata Motors were losers.
Nifty Midcap was down 0.4 percent.Bharat Bijlee, Suzlon Energy, Autoline Industries, GPT Infra, Inox Wind and KEC International gained 1-5 percent.
L&T Construction, the subsidiary of Larsen & Toubro, has bagged orders worth Rs 3,572 crore under transportation infrastructure, metallurgical & material handling, power transmission & distribution, and buildings & factories segments.
The upcoming IPO of Future Supply Chain Solutions, which is expected the garner over Rs 700 crore, is primarily to give an exit to private equity firm Griffin Partners, Future Group Chairman Kishore Biyani said.
Future Supply Chain Solutions (FSCSL), a subsidiary of Future Enterprises, has filed a draft red herring prospectus with Sebi for the public issue of up to about 97.84 lakh equity shares representing 24.43 percent of the existing paid-up equity share capital of FSCSL.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
Visit Here- http://www.capitalstars.com/
0 Comments