Read more about Adani Port gains on preferential allotment of shares on Business Standard. Adani Ports & Special Economic Zone rose 1.71% to Rs 733 after the finance committee of the board approved the allotment of 1 crore equity shares, or 0.49% stake, on a preferential basis to Windy Lakeside Investment at an issue price of Rs 800 each.
The barometer indices were trading with modest losses in afternoon trade. Investors booked profits after recent steep gains. At 13:20 IST, the barometer index, the S&P BSE Sensex, tumbled 233.55 points or 0.46% at 51,095.53. The Nifty 50 index skid 48.45 points or 0.32% at 15,060.85.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index gained 0.16%.
Sellers outpaced buyers. On the BSE, 1,299 shares rose and 1,530 shares fell. A total of 163 shares were unchanged. In Nifty 50 index, 18 stocks advanced while 32 stocks declined.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,300.65 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,756.24 crore in the Indian equity market on 9 February 2021, provisional data showed.