Sensex, Nifty Marginally Lower In Early Trade
(RTTNews) - Indian shares were subdued on Wednesday after another round of talks to raise the U.S. government's debt ceiling ended with no progress.
The benchmark S&P BSE Sensex was down 48 points at 61,933 in early trade, while the broader NSE Nifty index was down 16 points at 18,332.
SpiceJet soared 7 percent after hiking salaries for pilots.
NMDC gained half a percent and Biocon rallied 3.3 percent after reporting encouraging earnings results.
JSW Energy edged up slightly despite reporting a 68 percent fall in its Q4 net profit.
Ashok Leyland was marginally lower on reporting a 17 percent fall in Q4 net profit.
Adani Enterprises was little changed while Adani Transmission climbed 5 percent and Adani Green Energy added 4.3 percent on reports that Rajiv Jain-led GQG Partners is looking to further invest $1 billion in three of the companies.
Bajaj Electricals was moving lower despite reporting a 34 percent jump in quarterly profit.
Mahindra & Mahindra fell about 1 percent on reports it will sell a 3.2 percent stake or 1.2 crore shares in Mahindra CIE Automotive Ltd through a block deal soon.
Swiss Market Ends Marginally Up
European Stocks Close Weak
Canadian Stocks Turning In Mixed Performance; TSX Down Marginally
U.S. Pending Home Sales Fall More Than Expected In July
Eurozone Economic Confidence Weakens In August
Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners
U.S. Economy Surges More Than Previously Estimated In Q2
