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The market continues to remain sluggish as the Sensex is down 2.56 points at 29358.94. The Nifty is up 15.20 points at 8917.05. About 1352 shares have advanced, 1349 shares declined, and 177 shares are unchanged.
ITC, Bajaj Auto, Bharti Airtel, Hero and M&M are losers while Axis Bank, L&T, BHEL, Cipla and HDFC Bank are gainers.
Shares of GMR Infra slipped 7 percent intraday. The board has agreed to raise Rs 1401.83 crore via rights issue. Issue price is finalised at Rs 15 per equity share. Earlier in July, the Bengaluru-based infrastructure had raised Rs 1477 crore through issuing shares to qualified institutional investors.
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Posted in: Indian Market Tips
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