Equity benchmarks started off Tuesday on a negative note, tracking tepid Asian cues. The 30-share BSE Sensex fell 34 points to 24770.28 and the 50-share NSE Nifty declined 17.25 points to 7521.50.
Lupin crashed 6 percent on Goa facility inspection by USFDA. HDFC and Sun Pharma declined over a percent while Infosys, SBI, TCS, L&T, Axis Bank and Maruti Suzuki gained 0.2-0.8 percent.
The Indian rupee has opened lower by 11 paise at 67.22 per dollar against 67.11 a dollar in previous session.
Technology major Wipro is trading 0.2% up after the company secured a multi-year engagement with NRGi, one of the top 5 utility providers in Denmark.
Healthcare major Lupin has cracked 6.5% on regulatory worries. USFDA during its inspection of Lupin's Goa plant, found nine key observations, according to media reports.
US-based WGI Emerging Markets Smaller Companies Fund on Monday acquired 1.37% stake in Crompton Greaves for Rs 128 crore via an open market transaction. Tracking the development, Crompton Greaves has soared over 5%.
M&M decides to invest 100 billion rupees ($1.49 billion) over three fiscal years ending March 2018, the company said in an analyst presentation. M&M is up 0.4%.
BHEL is trading flat after successfully completed renovating a 110 MW thermal power unit of Barauni Thermal Power Station (TPS) in Bihar, increasing its life by another 15-20 years.
Coal India has crossed half-a-billion tonnes of coal production for the first time in a fiscal and is eyeing to double its production to one billion tonnes by 2020. The stock is up 0.5%. Bajaj Auto is trading 0.25 higher. The company may plan new bike series on 'V' platform, brand.
Debt-ridden power producers Jindal Power and Reliance Infrastructure are selling their stake in India Energy Exchange (IEX) to raise capital for servicing debt. JSPL is up 1% and Reliance Infrastructure has added 0.5%
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