The domestic equities were trading with modest losses in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, fell 211.95 points or 0.44% at 48,332.11. The Nifty 50 index lost 64.40 points or 0.44% at 14,440.40.
Infosys (down 3.51%), Reliance Industries (down 0.43%) and Maruti Suzuki India (down 2.84%) were major drags.
In the broader market, the S&P BSE Mid-Cap index skid 0.64%. The S&P BSE Small-Cap index declined 0.35%.
Sellers outnumbered buyers. On the BSE, 997 shares rose and 1,759 shares fell. A total of 156 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 730.81 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 243.80 crore in the Indian equity market on 13 April 2021, provisional data showed.
Key equity barometers reversed intraday losses and ended with decent gains on Thursday. Trading was volatile as rising COVID-19 cases continue to spook investors. The Nifty managed to close near the 14,600 mark. Metal and pharma shares advanced while PSU banks and auto shares tumbled.
The barometer index, the S&P BSE Sensex, gained 259.62 points or 0.53% to 48,803.68. The Nifty 50 index added 76.65 points or 0.53% to close at 14,581.45.
TCS (up 3.67%), ICICI Bank (up 2.69%), HDFC Bank (up 2.13%) and HDFC (up 1.22%) supported the indices.
In the broader market, the BSE Mid-Cap index fell 0.10% and the BSE Small-Cap index lost 0.03%. Both these indices underperformed the benchmarks.
Nifty closes near 14,600; Infy declines 2% business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
UPL announced that the Supreme Court of Queensland in Australia has dismissed a class action litigation against Advanta Seeds, Company s subsidiary in Australia.
This class action, funded by a UK based litigation funder, alleged that seeds sold by Advanta in 2010/2011 to certain growers in Queensland and News South Wales region of Australia, were contaminated.
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Sorghum farmers lose class action against Advanta over sale of contaminated certified seed
AprApril 2021 at 7:03am
A Supreme Court judge has dismissed a case brought against a major seed company by sorghum farmers from NSW and Queensland.
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A long-running legal battle between a group of sorghum farmers and a major seed company has ended with the Queensland Supreme Court dismissing the case.
Key points:
Farmers sought damages from Advanta Seeds for selling contaminated sorghum seed
The case was dismissed by a Supreme Court judge in Brisbane and plaintiffs have 28 days to appeal
The judge found the multi-million-dollar damages claim was not reasonably accurate