Business

Axis Bank emerged as the biggest loser, dropping 4.55 per cent, followed by Bharti Airtel, Reliance, NTPC, Maruti, Tech Mahindra, ONGC, HDFC and HDFC Bank.

Shares of Gujarat Gas were trading at Rs 173.70, up 6.1%, on BSE after hitting an intra-day high of Rs 192.40. The stock has returned just around 4% to investors in the last one year.

Shares of Coffee Day Enterprises, which operates India’s largest cafe chain Café Coffee Day (CCD), slumped 20% to hit 52-week low of Rs 123.25 at 9:15am on Wednesday.

Code sharing allows an airline to book its passengers on its partner carriers and provide seamless travel to destinations where it has no presence.

In the previous session, the 30-share index fell 196.82 points, or 0.52 per cent, to close at 37,688.2.

Kovind, who arrived here on Sunday on the first leg of his three-nation tour, is the first Indian head of state to visit the West African nation.

A rate cut at this moment in the cycle sends a signal: The current US economy could be as good as it gets.

Tripathi, 59, who was the youngest person to become a chairman of an oil and gas PSU in August 2009, completes his second five-year term on July 31, and was eligible for an extension till his date of superannuation in January next year.

In early trade, ICICI Bank, HCL Tech, TechM, TCS, Infosys, IndusInd Bank, Kotak Bank HUL and Axis Bank were among the top gainers, rising up to 2.77 per cent.

According to the financial results reported by Reliance Industries last week, its subsidiary Reliance Jio had a user base of 331.3 million by June 2019.

The company had posted a consolidated profit "attributable to owners of Vedanta Ltd" of Rs 1,533 crore in the year-ago period, Vedanta said in a BSE filing.

Forex traders said heavy buying in domestic equity market supported the domestic unit, however, foreign fund outflows and rising crude oil prices weighed on local currency.

Futurewei, which has offices in Silicon Valley and the greater Seattle, Chicago and Dallas areas, said it cut more than 600 jobs. The unit, set up in part to work with universities and researchers, recorded $510 million in operating costs last year.

The 30-share index was trading 103.50 points or 0.27 per cent lower at 37,927.63 at 0930 hours; and the broader Nifty also fell 28.50 points or 1.25 per cent to 11,317.70.

DHFL has been hard hit by a liquidity crunch that has crippled several non-banking finance companies (NBFCs) following last year's collapse of infrastructure lender IL&FS.

The market valuation of RIL plunged Rs 20,031.5 crore to Rs 7,91,750.71 crore ahead of its Q1 results, which were declared after market hours on Friday. The market capitalisation of TCS dropped Rs 11,632.4crore to Rs 7,79,351.54 crore.