Nifty turn choppy post flat opening United Spirits down 5%

Nifty turn choppy post flat opening United Spirits down 5%.The benchmark indices opened lower amid mixed global cues with Sensex holding above 36, 000 mark.

The Sensex was down 16.71 points at 36123.27, and the Nifty down 16.90 points at 11066.80.

About 437 shares have advanced, 668 shares declined, and 163 shares are unchanged.

ITC, HDFC, Wipro, Maruti Suzuki, ONGC, GAIL, Indiabulls Hsg and Dr. Reddy’s Labs are the top gainers on the indices, while top loser includes Bharti Airtel, ICICI Bank, Tata Motors, Reliance Industries, Tata Steel, Vedanta, Hindalco and Eicher Motors.

Asian markets traded mixed early on Wednesday after Wall Street closed mostly higher as investors stateside focused on earnings releases.

The bulls have tried to carry forward the momentum from the last session. After seeing a flat opening, the market has extended its gains, led by a surge in PSU banks. The Nifty is trading around 11,100-odd levels, while the Sensex is up around 100 points.

HDFC, ONGC and GAIL gained the most, while Bharti Airtel, ICICI Bank, and Hindalco lost the most.

The share price of JMC Projects (India) rose 7.6 percent in the early trade on Wednesday on the back of orders worth of Rs 751 crore.

The order includes two commercial projects and a residential project in South India totalling Rs 448 crore.

Also, two residential projects and one industrial project in Northern and Eastern India totalling Rs 303 crore.

A year after dropping off from the list of top 10 Asia Pacific airlines on the basis of on-time performance (OTP), IndiGo has regained its place in the hallowed group.

IndiGo – India’s largest airline by market share – has been ranked ninth in the Punctuality League study published by OAG, an air travel intelligence company based in the UK.

Indiabulls Real Estate on Tuesday reported a 45.82 percent rise in its consolidated net profit at Rs 85.35 crore for the third quarter ended December 31.

The company had posted a PAT (profit after tax) of Rs 58.53 crore for the same period of previous fiscal.

Total revenue from sales rose to Rs 2,164.44 crore for the third quarter as against Rs 492.90 crore in the same period last fiscal, Indiabulls Real Estate said in a regulatory filing.

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