The broader market indices were trading lower; S&P BSE MidCap Index was down by 0.46%, whereas S&P BSE SmallCap Index was lower by 0.48%.
Fifteen out of the 20 sectors compiled by BSE declined, while five advanced in trade.
The market breadth was skewed in the favour of the buyers. About 1,368 stocks rose 1,939 declined, and 148 remained unchanged on the BSE.
The broader market indices opened higher and outperformed the larger peers; S&P BSE MidCap Index was up by 0.17%, whereas S&P BSE SmallCap Index was higher by 0.31%.
Seven out of the 20 sectors compiled by BSE declined, while 13 advanced in trade.
The market breadth was skewed in the favour of the buyers. About 1,484 stocks rose 770 declined, and 96 remained unchanged on the BSE.
Source: BSE
At pre-open, the S&P BSE Sensex Index was down 586 points or 0.95% at 61,163.41 while the NSE Nifty 50 Index was lower by 139 points or 0.76% at 18,117.30.
Source: Bloomberg
Tech Mahindra will increase its stake in Tech Mahindra Arabia from 51% to 80% for a consideration of up to $11.1 million (approx. Rs 90.68 crore).
TechM Arabia is a joint venture between Tech Mahindra and Midad Company, holding 51% and 49% stakes, respectively.
The acquisition is expected to be completed by July 31, 2023.
Source: Exchange filing