Benchmark indices Sensex and Nifty closed lower on Wednesday, snapping their four-day rally following selling in blue-chip stocks Reliance Industries and HDFC Bank.
Hyderabad-headquartered AI and digital transformation company Kellton Tech Solutions has informed exchanges about the 31st annual general meeting. According to the information, the company discussed raising funds by issuing convertible bonds worth up to USD 50 million through a private placement in foreign currency. Furthermore, the company got approval to raise funds up to Rs 250 crore through equity shares or other eligible securities.
The company also approved a proposal to increase its authorised share capital from Rs 60 crore to Rs 100 crore, which will increase the maximum number of shares it can issue.
Share Price Today
The share of the company started today’s trading session in the green at Rs 23.90 on the BSE against the previous close of Rs 23.88. It gained further to touch the high of Rs 23.99. However, it fell amid profit booking and ended the session at Rs 23.78. The market cap of the company stood at Rs 1,221.63.
Stock markets halt 4-day rally
Meanwhile, benchmark indices Sensex and Nifty closed lower on Wednesday, snapping their four-day rally following selling in blue-chip stocks Reliance Industries and HDFC Bank.
In a volatile session, the 30-share BSE Sensex declined 153.09 points or 0.19 per cent to settle at 81,773.66. During the day, it reached a high of 82,257.74 and a low of 81,646.08, fluctuating by 611.66 points.
The 50-share NSE Nifty dropped 62.15 points or 0.25 per cent to 25,046.15. Profit-taking in auto, real estate, and banking shares dragged the markets down, analysts said.
Among Sensex firms, Tata Motors, Mahindra & Mahindra, Bharat Electronics, UltraTech Cement, Trent, Sun Pharma, Power Grid and Reliance Industries were the major laggards.
However, Titan, Infosys, Tata Consultancy Services, HCL Tech and Tech Mahindra were among the biggest gainers.
