stock talk

The Dow Jones Industrial Average fell more than 0.2 per cent while the benchmark S&P 500 dropped nearly 0.5 per cent and the tech-heavy Nasdaq Composite slipped 0.3 per cent.

Nifty opened flat but soon drifted into red and closed near day's low at 19671 levels with loss of 140 points (-0.7 per cent). 

At the closing bell, the Sensex was up by 261.16 points or 0.39 per cent, reaching 66,428.09, and the Nifty gained 79.70 points or 0.40 per cent, closing at 19,811.50.

After opening with a negative note, the market slipped into further weakness soon after the opening. It later showed minor upside recovery from the lows, but was not able to sustain the recovery towards the end, he said.

The acquisition talks are currently on and “a deal could be finalised within weeks,” reports TechCrunch, citing a source.

The Small-cap index rose 0.6 per cent even as the advance decline ratio fell to 1.38:1.

However, persistent outflows of foreign funds and rising US bond yields are expected to keep the broader indices in bleak terrain, in the near-term, he said on Wednesday.

Market participants may note that the TFT framework shall be in conjunction with all other prevailing surveillance measures being imposed by the exchanges from time to time, BSE said in a circular.

It has also revised the stock holding limits for certain stockholding entities.

The floor price has been fixed at Rs 69 per share which represents a 16 per cent discount from SJVN’s closing price of Rs 82.1 on Wednesday.