Sensex and Nifty opened the trade on choppy note, following the weaker U.S Markets and passive start of the Asian Indices. At 10.35 am, the BSE Sensex is trading lower by 3.45 points at 33,030 while the NSE Nifty down by 8.85 points to 10,216 levels.
Stock movements in early hours: Shares JP Associates Ltd fell 7.3% to Rs. 19.75 after the Supreme Court directed its directors to personally appear in court and disclose personal assets. Shares of Jaiprakash Power Ventures Ltd fell 3.2 percent, and Jaypee Infratech Ltd was down 2.6 percent.
Shares of Future Enterprises Ltd rose 3 percent to Rs 49.20 after the company reported narrowed loss for its Q2 earnings to Rs. 1.94 crore from Rs. 23.24 crore a year ago.
Shares of Adani Entertainment Ltd rose 3 percent to Rs. 157.05 after the company reported 9.5 percent increase in its net profit to Rs 844 crore.
Shares of Bharti Airtel Ltd opened the trading day up by 1 percent while Bharti Infratel Limited plunged 2.3 percent in early trade.
Stock in Focus: In another development, Jaiprakash Associates Limited has informed the Exchange that JSW Infrastructure would get associated with the company in the resolution plan of Jaypee Infratech Limited (JIL). The stock will be in limelight on Tuesday.
Idea Cellular Ltd and Vodafone India have agreed to sell their standalone tower biz to ATC Telecom Infrastructure Pvt. Ltd for about 1.2 billion dollars.
Adani Enterprises Ltd has posted a net loss of over Rs. 15.00 crore in the Q2FY18 as posted in its Q2FY18 results announced after market hours on Monday.