Equity indices trade flat, Zee Entertainment up 20 pc
Equity indices were flat during early hours on Wednesday as traders navigated cautiously while assessing the impact of struggling Chinese developer Evergrande Group on India.
- Country:
- India
Equity indices were flat during early hours on Wednesday as traders navigated cautiously while assessing the impact of struggling Chinese developer Evergrande Group on India. At 10:15 am, the BSE S&P Sensex was up by 143 points or 0.24 per cent at 59,148 while the Nifty 50 gained by 43 points or 0.24 per cent to 17,605.
Sectoral indices were mixed with Nifty media advancing by 9.4 per cent and realty by 1.5 per cent. But Nifty financial service and private bank were in the red. Among stocks, Zee Entertainment jumped 20 per cent to Rs 306.75 per share after the merger deal with Sony Pictures India.
The other prominent gainers were Tata Motors, IndusInd Bank, NTPC, Bharat Petroleum Corporation and Tech Mahindra. However, Nestle India, Hindustan Unilever, Axis Bank, HDFC and HDFC Bank traded with a negative bias.
Meanwhile, Asian markets were mixed. Japan's Nikkei was down 0.6 per cent while Hong Kong shares climbed 0.51 per cent. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Chinese govt arbitrarily detains over 1 mn Uyghurs, members of other Muslim minority groups: US report
US report exposes arbitrary detention of Uyghurs, other Muslim minority groups by Chinese government
India's Everest says its food products are safe after Hong Kong halts sale
US to take aim at Chinese banks aiding Russia war effort, WSJ reports
US to take aim at Chinese banks aiding Russia war effort, WSJ reports