• Jet Airways: Shares of the airline operator erased opening gains and fell as much as 0.9 percent to Rs 233.05. The company has grounded four additional aircrafts due to non-payment and will be delaying interest payments on bonds on temporary liquidity constraints, according to its stock exchange filing.
• Ratnamani Metals & Tubes: Shares of the welded tubes and pipemaker rose as much as 2 percent to Rs 908. The company has received new domestic order of Rs.298.00 Crores for supply of CS Coated Pipes for oil and gas sector, it said in a statement on the exchanges, adding that the order is expected to be completed between July to December.
• SPML Infra: Shares of the infrastructure firm rose as much as 19.9 percent to Rs 36.50. The company four new orders for water supply and irrigation projects worth over Rs 883 crore from Gujarat, Manipur and Punjab, according to its statement on the exchanges.

Shares of Maruti Suzuki fell as much as 4.3 percent, the most in nearly two months, to Rs 6,776.60.

The country’s largest carmaker cut production by a quarter over the March last year duw to slowing demand for passenger vehicles in India, Business Standard reported quoting people aware of the company plans.

“Maruti Suzuki is estimated to have cut production to about 1.26 lakh units, compared to more than 1.72 lakh units a year ago, a reduction of nearly 27 percent,” the report added.

The stock was the worst performer on Sensex and Nifty. Trading volume was almost triple its 20-day average, Bloomberg data showed. The scrip fell 22 percent in the past 12 months compared to an 15 percent advance in the Sensex.

Indian equity benchmarks erased opening gains. Both the S&P BSE Sensex and the NSE Nifty 50 traded a little changed at 38,028 and 11,430 respectively.

Shares of the parent of Domino’s Pizza chain operator in India extended gains for the third consecutive trading session and rose as much as 1.7 percent to Rs 1,366.

Jubilant FoodWorks Ltd. announced it had launched Domino’s Pizza in Bangladesh through a joint venture with Golden Harvest QSR, according to its notification to the bourses.

The stock advanced 29 percent in the past 12 months compared to a 16 percent gain in the BSE Sensex.

Nifty’s 11,500 call option contract was among the most active Nifty option contracts on National Stock Exchange.

Premium on the contract rose 16.48 percent to Rs 51.60. Over 4.08 lakh shares were added to the open interest which stood at over 12.29 lakh shares.