In the wake of weak global cues, Indian benchmark indices continued to lose for the sixth day on Wednesday as Sensex dropped 0.89 per cent to 56,598 points, while its peer Nifty ended with a cutoff 0.87 per cent at 16,859. Broader markets, however, outperformed frontline indices.
Among the sectors, barring Auto, IT and Pharma, all the indices closed in the red.
Seven stocks remained in news on Wednesday. They are Krishna Diagnostics, Supriya Lifescience, ITI, Torrent Pharmaceuticals, Sun Pharma, Asian Paints and Bharat Heavy Electrical.
Krishna Diagnostics closed 1 per cent higher at Rs 488.3 after the company announced its entry into retail healthcare services with the launch of 600 new centres in India.
Supriya Lifescience closed with a cut of 8 per cent at RS 296.35 after its CEO, Shireesh Ambhaikar submitted his resignation.
ITI ended with against of over 8 per cent at Rs 112.15. The gains were made as the company said it will consider and approve the allotment of equity shares to the President of India.
The stocks of Pharma major, Torrent Pharmaceuticals, ended 2 per cent lower at Rs 1494.3 after the company entered into agreement to acquire Curatio Healthcare.
Share of Sun Pharma rose 2 per cent on Wednesday to close at 917.85 after it completed the acquisition of UractivTM Portfolio from Fireman Pharma in Romania.
Shares of Paint manufacturer, Asian Paints, closed 3 per cent higher at Rs 3570.65 as falling crude prices are expected to improve margins for the company.
BHEL received a prestigious order for setting up the 2X660 MW Talcher Thermal Power Project Stage-III on an EPC basis from NTPC.
