Stock Market LIVE: Nifty, Sensex Fall Slightly As HDFC Bank, L&T, RIL Shares Weigh

The shares of Hindustan Unilever Ltd. rose nearly 2% on Wednesday as the demerger of Kwality Wall's (India) Ltd. from HUL will take effect on Dec. 1. The board on Tuesday also fixed Dec. 5, as the record date to determine the eligible shareholders entitled to receive equity shares of KWIL.

The demerger of Kwality Wall's (India) Ltd. from Hindustan Unilever Ltd. will take effect on Dec. 1, the company announced on Tuesday. The board fixed Friday, Dec. 5, as the record date to determine the eligible shareholders entitled to receive equity shares of KWIL.

Shares of LG Electronics Ltd. are trending positive on Wednesday's session following Morgan Stanley's initiation and a subsequent note that highlights the company's excellent fundamentals.

The stock is trading at Rs 1,653, reaching intraday high of Rs 1,663. This accounts for gains of almost 2% and compares to Tuesday's closing price of Rs 1,624.

Blue Cloud signed a memorandum of understanding with the Konkan Railway Corp for 5G network with the back haul support and value-added services, the company said in the exchange filing.

KEC International share price declined 7.29% to Rs 724.7 apiece. It was trading 5.92% down at Rs 735.05 apiece as of 9:28 a.m. as compared to 0.01% advance in the NSE Nifty 50 index.

The company has been excluded from participating in Power Grid tenders for 9 months, with no impact on existing Power Grid projects or its overall operations.