Getty ImagesOn the BSE, Shashwat Furnishing(down 11.10 per cent), Naturo Indiabull(down 7.30 per cent), Inducto Steel(down 6.48 per cent), Alpine Housing(down 6.48 per cent) and MAC Hotels(down 6.42 per cent) were among the stocks that plunged over 5 per cent during the session.
In the Nifty pack, 9 stocks traded in the green, while 41 stocks traded in the red.
The Nifty index was trading 132.5 points down at 19396.25.
On the BSE, IndiaNivesh Ltd, FutureLifestyleFash, Aanchal Ispat, Emerald Leasing Fin and Atal Realtech hit their fresh 52-week lows, while Piccadily Agro, Spectrum Foods, Kothari Fermen, Palm Jewels and HLV Ltd. touched their fresh 52-week highs.
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Rating Upgrades for Indian Cos at Decadal HighCredit rating upgrades for Indian firms relying on local consumption are averaging near the highest in a decade as infrastructure, automotive and cement companies harness robust cash flows to bolster balance sheets, pointing to an imminent revival in private-sector capital expenditure.
Warburg Pincus Buys into Brookfield BPO EveriseGlobal private equity firm Warburg Pincus will acquire a significant stake in Everise, a Delaware-registered outsourcing firm, by completely buying out Singapore-based private equity firm Everstone and partially picking up a stake from the company's primary shareholder, the Canadian asset manager Brookfield.
Pizza Chains Cut Rates as Small Rivals Slice up MktDomino’s, India’s largest pizza chain, has nearly halved prices of its large pizzas to compete with smaller and newer rivals such as Tossin, South Korea’s GoPizza, Leo’s Pizzeria, MojoPizza, Ovenstory and La Pino’z.
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