Indian shares extended losses in the afternoon session on Wednesday, snapping a 3-day rally, as investors remained worried over Washington’s tough stance on trade talks with China.
At home, the sentiment was jittery ahead of the release of IIP and retail inflation data due after market hours today.
At 12.50 pm, the 30-share index was trading 240 points, or 0.60 percent, lower at 39,710, while the broader NSE Nifty was quoting 71.70 points, or 0.60 percent, down at 11,893.90.
Top losers included Indiabulls Housing Finance, Yes Bank, Bharti Infratel, Tech Mahindra, Kotak Mahindra Bank, Bajaj Auto, Hero MotoCorp, shedding up to 6.93 percent.
Vedanta, Tata Steel, Cipla, GAIL, ONGC, Reliance Industries and Sun Pharma were among the top index gainers, rising by up to 2.3 percent.
on Wednesday after statutory auditor PwC resigned from the two Anil Ambani-led companies.
Shares of Dewan Housing Finance (DHFL) gained after the mortgage lender informed bourses that it has cleared all its overdue payments on non-convertible debentures (NCDs). The NBFC has also paid Rs 962 crore in interest on non-convertible debentures (NCDs), which fell due on June 4. The stock rose as much as 6.6 percent in morning deals to Rs 95.90 per share on the BSE.
Yes Bank shares dipped over 3 percent in initial trade after Moody’s Investors Services placed the private lender’s ratings under review for downgrade due to its "sizeable exposure" to weaker housing finance and non-banking finance companies.
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