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Equity parameters flat in sluggish trade, IT scrips gain

Equity indices volatile, Adani Green in focus

Equity indices volatile, Adani Green in focus ANI 19 May 2021, 15:18 GMT+10 Mumbai (Maharashtra) [India], May 19 (ANI): Equity frontline indices bounced between gains and losses but were largely flat during early hours on Wednesday amid mixed global cues. At 10:15 am, the BSE SP Sensex was up by just 1 point at 50,194 while the Nifty 50 crawled up by 13 points or 0.08 per cent to 15,117. Sectoral indices at the National Stock Exchange were mixed with Nifty IT up by 1.1 per cent and PSU bank by 1 per cent. But Nifty auto, metal and private bank were in the negative zone. Among stocks, Adani Green Energy Ltd (AGEL) rose by 3.2 per cent to Rs 1,237.95 per share after it announced outright acquisition of SB Energy from Softbank of Japan and India s Bharti Group in a deal worth 3.5 billion dollars (about Rs 25,700 crore), the largest such transaction in India s renewable story.

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