Markets remain lacklustre; Tata Motors up 2%, Cipla dips 3%
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Markets have erased early morning losses and are trading in the positive zone led by buying in the information technology and consumer durables shares.
However, metal stocks are still reeling under pressure thus capping the upside.
At 10:35 AM, the Sensex was at 27,346, 18 points down while the Nifty opened at 8,263, 12 points down.
The top 5 gainers on the Sensex are Tata Motors, TCS, NTPC, Lupin and Infosys, up between 1-2% each. The top 5 losers are Cipla, Hindalco, Vedanta, ONGC, RIL, down between 1-3%.
Other Latest News
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Oman LNG and TotalEnergies, one of its shareholders, have signed a sale and purchase agreement to supply 800,000 metric tons per year of liquefied natural gas, the companies said on Monday.
TotalEnergies, which owns 5.54 per cent of Oman LNG, will be supplied by the company for 10 years from 2025, they said in separate statements.
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The Supreme Court on Monday issued notice on the plea filed by the mother of the slain television journalist Soumya Vishwanathan against the Delhi High Court order granting bail to four convicts serving life imprisonment in the 2008 murder case.
A bench of Justices Bela M Trivedi and Pankaj Mithal asked the Delhi government and four convicts to file responses on the plea in four weeks.
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Hong Kong prohibited the sale of Indian spice brands, MDH Pvt and Everest Food Products Pvt, following the detection of carcinogenic pesticide ethylene oxide in multiple spice blends, according to a report in the Hindustan Times (HT).
The Centre for Food Safety (CFS) of the Government of the Hong Kong Special Administrative Region said that there was presence of ethylene oxide in MDH Group's madras curry powder, sambhar masala powder, and curry powder, the HT report said.
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The Delhi High Court on Monday dismissed a plea requesting the release of Delhi Chief Minister Arvind Kejriwal on “extraordinary interim bail” for all criminal cases registered by the Enforcement Directorate (ED) and the state until the completion of his tenure.
The court emphasised that nobody is above the law or the Constitution of India, affirming that Kejriwal is in custody as per court orders.
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Shares of Vodafone Idea were down 6.1 per cent at Rs 12.13 on the BSE in Monday’s intraday trade amid heavy volumes. The drop in the stock prices came amidst the last day of subscription for its follow on public offering (FPO).
Vodafone Idea's Rs 18,000-crore follow-on public offer (FPO) opened for subscription on Thursday, April 18. The three-day FPO will close today. The FPO price band was set at Rs 10 to Rs 11 per share with the minimum lot size for an application being 1,298 shares.
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