Equity indices opened the week with a positive bias in the early trade, on Monday, however, the market erased gains through the mid-morning session, paced by fall in ICICI Bank, Reliance, HDFC, Yes Bank and ITC.
Some major stocks in actions are:- Shares of NIIT Ltd gained about 20% in trade on Monday as private equity company Baring Private Equity Asia (BPEA) gets into an accord with the company to purchase 30% stake in NIIT Technologies from NIIT Ltd and other promoters.
Shares of Indiabulls Housing Finance trade marginally up 0.37% at Rs906.40 per share on proposed merger with, Lakshmi Vilas Bank. Shares of Lakshmi Vilas Bank gained 4.96% at Rs.97.40 per share..
Shares of DLF Limited falls 6.20% on block deal, with 6.81 Cr shares changed hands in a single block deal.
Shares of Torrent Pharmaceuticals slipped over 2% toRs.1804.40 as USFDA issues observations for its unit at Dahej.