Indian shares fluctuated on Wednesday as Middle East tensions intensified following significant strikes by Israeli forces against targets inside Lebanon.
The benchmark 30-shae BSE Sensex was up 36 points at 84,950 in early trade while the broader NSE Nifty index was down 3 points at 25,937.
Power Grid Corp gained more than 4 percent after bagging a new project.
Mahindra & Mahindra rose about 1 percent on reports it is keen on acquiring a 50 percent stake in Skoda Auto Volkswagen India.
Delta Corp jumped nearly 6 percent as it announced a demerger of its Hospitality and Real Estate businesses into a new entity, Delta Penland Private Limited.
Exxaro Tiles soared 7 percent after BofA acquired 670,000 shares of the company through its European subsidiary.
Among the top losers, Asian Paints, Britannia Industries, LTIMindtree, Tata Motors and Tata Consumer Products were down 1-2 percent.
Ease Trip Planners plunged 7.7 percent after a block deal.
SpiceJet slumped 4.8 percent after resolving a dispute with Engine Lease Finance Corporation (ELFC) through an amicable settlement.
Hinduja Global Solutions dropped 1.1 percent after it was charged with tax evasion amounting to approximately Rs. 2500 crore.
Market Analysis
Sensex, Nifty Struggle For Direction In Early Trade
2024-09-25 04:41:38
