The BSE Sensex and the Nifty fell around 0.5 per cent on Wednesday. Shares tracked weaker regional markets that fell after comments by U.S. Federal Reserve officials left investors uncertain about the timing of a possible reduction in its bond-buying programme.
State-run refine Oil and Natural Gas Corp gained 1.6 per cent after Credit Suisse and Barclays upgraded the stock, citing valuations and upside to earnings.
Housing Development and Infrastructure shares rose 6.7 percent, paring some of the recent losses after the company clarified that its promoters were working to resolve unpaid interest on a personal loan with lenders. HDIL shares fell over 12 per cent between Monday and Tuesday after a local television channel reported that its promoters failed to pay interest on a loan.
Unitech surged 13 per cent as of 1:49 p.m.
Shares in Tata Motors fell 2.14 per cent ahead of April-June earnings announcement on concerns about slowing vehicle sales.
Copyright Thomson Reuters 2013
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
