Sensex, Nifty Extend Losses On Virus Worries
WASHINGTON (dpa-AFX) - Indian shares opened lower on Tuesday to extend losses from the previous session, as an escalation of European Covid-19 restrictions in response to fears around the rampant spread of a new variant spurred fresh concerns about global growth.
The benchmark S&P BSE Sensex dropped 305.16 points, or 0.7 percent, to 45,248 in early trade, after having fallen nearly 3 percent in the previous session. The broader NSE Nifty index was down 72 points, or half a percent, at 13,256.
Future Retail shares plunged 5 percent. The Delhi High Court rejected Future Retail s plea for an ad interim injunction against Amazon, but said that prima facie its resolution approving the Reliance deal was valid.
Here are the top stocks to track in today s session:
Tata Motors: The auto maker is set to increase commercial vehicle prices from January 1, 2021 owing to steady rise in material and other input costs, impact of forex and transition to BS-VI norms, that have raised cost of vehicle manufacturing.
Edelweiss Financial Services: Edelweiss Financial Services (EFSL) on Monday said it will raise up to Rs 200 crore through issuance of secured redeemable non-convertible debentures (NCDs). The base size of the issue is Rs 100 crore, with an option to retain over-subscription up to Rs 100 crore, the company said in a release.
NIIT: The company will consider buyback of equity shares at its board meeting on December 24.