Mahindra Logistics shares fall 2.1 per cent on market debut

Mahindra Logistics shares fall 2.1 per cent on market debut

Mahindra Logistics shares fall 2.1 per cent on market debut

Investors locked in gains amid lingering worries of a spurt in oil prices and its impact on inflation and fiscal deficit, brokers said.

On a closing basis, the wider Nifty50 of the National Stock Exchange (NSE) rose by 12.80 points, or 0.12 per cent, to 10,321.75 points.

Indian shares ended a choppy session slightly higher on Friday after the GST Council pruned tax rates on many mass consumption items such as chocolates, shampoo, detergents, nutrition drinks, marble and cosmetics.

The 30-scrip S&P BSE Sensex closed at 33,218,81 points - down 151.95 points or 0.46 per cent from Tuesday's close.

On the currency front, the rupee strengthened by 7-8 paise to close at 64.95-96 against the U.S. dollar from its previous close at 65.03.

Rival Cipla too faced selling pressure and slumped 7.18 per cent.

Portia de Rossi claims Steven Seagal 'unzipped his leather pants' during audition
After her encounter with Seagal , Margulies asked for a woman to accompany her to Weinstein's room. "And he was. She was promised to be reimbursed for her travel expense so she went. "And I saw him stare at her, daggers".

Bharti Airtel, Tata Motors and State Bank of India (SBI) were the major losers as they posted losses to the tune of 3.73%, 2.92% and 2.35%, respectively.

However, gains in software exporters such as Infosys, TCS and Wipro on strengthening dollar cushioned the fall.

European markets were also trading in the positive zone. In the Eurozone, Paris CAC 40 fell 0.24 per cent while Frankfurt's DAX shed 0.06 per cent in early deals.

In other Asian markets, Hong Kong's Hang Seng index was down by 0.20 per cent, while Japan's Nikkei shed 1.38 per cent in early trade today.

Sector-wise, the S&P BSE metals index declined by 228.92 points, followed by oil and gas index by 212.62 points and consumer durables index by 174.54 points. London's FTSE was down 0.04 per cent. The broader markets too were in a bearish form, with the small-cap index falling 0.96 per cent and mid-cap dipping 0.77 per cent.

Stocks of MMTC and STC ended higher by 10.18 per cent and 2.97 per cent after reports that the government is going ahead with the merger of its two trading firms.

Related news