Indian equity market closes in red; ITC as top gainer
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Housing Development Finance Corp (HDFC) slumped nearly 36 points or 2.62% to Rs 1338.50 on media reports where company aims to raise more money via so-called “masala” bond. On July 14, HDFC raised Rs.3,000 crore via the “masala” bond, an offshore-traded, rupee-denominated issue.
Ashok Leyland was trading below 3.25 points or 3.55% as the commercial vehicles major maker on Monday said it closed last month selling 10.492 units, down by five per cent over the comparable period last year.
The share price of Bajaj Auto soared y 15.05 points or 0.55% to Rs 2750.45 on reporting 20% rise in the domestic sales in July month.
Sun Pharmaceutical Industries surged by 2.80 points or 0.34% to Rs 837.90 at 12.23 pm on BSE after the company said that one of its subsidiaries received final approval from USFDA for its abbreviated new drug application for generic version of Glumetza tablets.
Midcap stocks were major contributor to BSE's trading session. The BSE Midcap surged by 62.49 points or 0.49% to 12771.22. Tata Communication top midcap by soraing nearly 6% to Rs. 459.05 post quarterly results.
InterGlobe Aviation slumped over 6% as its parent company of IndiGo reported 7.3% decline in net profit for the quarter ending June 30.