The 30-share BSE benchmark tanked 736.37 points or 1.01 per cent to settle at 72,012.05 on Tuesday. The NSE Nifty slumped 238.25 points or 1.08 per cent to finish at 21,817.45.
Shares of Rushil Decor are in focus today as the company announced the incorporation of its subsidiary named ‘Rushil Modala Ply Ltd. “The Company incorporated for the purpose of manufacturing and sale of Plywood and other allied products. The business of the company is complementary to the main line of business of the listed entity. Thus, the products to be manufactured by the Company will be in the same vertical segment of products manufactured by Rush ii Decor Limited,” the company said in an exchange filing.
The counter opened at Rs 296 and went on to hit an intraday high of Rs 303. However, it fell down and last seen the scrip was trading at Rs 291.10.
Meanwhile, benchmark equity indices rebounded in early trade on Wednesday after a sharp decline in the previous trade amid a rally in global markets and fresh foreign fund inflows.
The 30-share BSE Sensex rebounded 237.36 points to 72,249.41 in early trade. The NSE Nifty climbed 74.25 points to 21,891.70.From the Sensex basket, Maruti, Power Grid, Nestle, IndusInd Bank, Tata Consultancy Services, and Wipro were the major gainers.
JSW Steel, Tata Steel, Hindustan Unilever, and Tata Motors were among the laggards. In Asian markets, Seoul, Shanghai, and Hong Kong were trading in positive territory. Wall Street ended with gains on Tuesday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,421.48 crore on Tuesday, according to exchange data. Global oil benchmark Brent crude dipped 0.17 per cent to USD 87.23 a barrel. “Fed’s rate decision, more importantly, the Fed commentary tonight, will decide the trend in the mother market US,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The 30-share BSE benchmark tanked 736.37 points or 1.01 per cent to settle at 72,012.05 on Tuesday. The NSE Nifty slumped 238.25 points or 1.08 per cent to finish at 21,817.45.