Indian shares were slightly lower on Thursday amid mixed global cues and ahead of TCS Q1 results due out later in the day.
The benchmark BSE Sensex dropped 94 points, or 0.2 percent, to 52,960 in early trade, while the broader NSE Nifty index was down 30 points, or 0.2 percent, at 15,849.
Tata Motors fell 1.5 percent to extend declines for a third day running.
TCS was little changed with a positive bias ahead of its earnings release.
Punjab National Bank advanced 0.8 percent. The state-run lender has advised its housing finance arm to restructure its fundraising plan.
Adani group stocks were in focus after reports that Gautam Adani is seeking a loan of about Rs 7,500 crore ($1 billion) to refinance existing debt of Mumbai International Airport Ltd. Adani Transmission and Adani Total Gas both rose about 2 percent.
Bajaj Healthcare jumped 8.4 percent after it received DRDO license for manufacture and sale of a drug used in treatment of COVID-19.
REC gained 2 percent after raising $400 million via a bonds issue.
Hindustan Oil Exploration Company shares rose half a percent. HDFC stated in a filing that it sold a 2.46 percent stake in the company between September 2017 and July 7, 2021.
Zuari Global soared 5 percent after it acquired a stake in Forte Furniture Products India.
Market Analysis
Sensex, Nifty Edge Lower In Early Trade
2021-07-08 04:31:42
