Today’s top morning headlines - 29th May 2024

Good afternoon

Top gainer: Divi’s Lab 4,287 ▲ 165 (+4%)
Top loser: Adani Enterprises 3,315 ▼ 69 (-2%)

:star: Paytm share price hits upper circuit despite denial of stake sale to Adani Group
Shares of One 97 Communications Limited, which operates Paytm, hit their upper circuit on Wednesday even after the financial technology company denied reports of stake sale to the Adani Group. The stock hit an upper circuit of 4.99% at ₹359.45 apiece on the National Stock Exchange (NSE). Read more.

:star: Inox Wind Energy raises ₹900 crore via sale of IWL shares, latter falls over 6%
Inox Wind Energy Limited (IWEL), the promoter of Inox Wind Limited (IWL), said on Wednesday it raised nearly ₹900 crore through the sale of equity shares of Inox Wind through block deals on the stock exchanges. Shares of Inox Wind Energy were trading over 3.6% lower on Wednesday morning while Inox Wind stock was down over 6%. Read more.

:star: Mid-market update: SENSEX crashes over 500 points, Bank Nifty logs its sharpest fall in 14 sessions
During the afternoon session on Wednesday, the benchmark indices were trading in the negative territory. The 30-share SENSEX was trading at 74,592 signifying a decline of 577 points or 0.78%, while the NIFTY50 index fell by 159 points or 0.69% to 22,731. Further, BANK NIFTY was down by 528.45 or 1.08% to trade at 48,617.25, registering its sharpest single day fall in the last 14 trading sessions. Read more.