- Shares of Just DiaL surged 18 percent intraday. The company is going to buyback 10,61,499 equity shares of Rs 10 each at a price of Rs 1550.
- Recent market moves can be called a 'brutal correction' and it is in a more deep correction phase rather than a bear market, says Ridham Desai, head of India equity research and India equity strategist, Morgan Stanley.
- The Nifty and Sensex are witnessing volatile session. The Sensex is up 42.74 points or 0.18 percent at 23234.71, and the Nifty up 10.10 points or 0.14 percent at 7058.35. About 756 shares have advanced, 1677 shares declined, and 132 shares are unchanged.
- Adani Port, BPCL, Sun Pharma, Reliance Industries, Dr Reddy's Lab are the top gainer, while Coal India, ICICI Bank, YES Bank, Lupin and Bajaj Auto are the major losers. Just Dial is up 16 percent following a buyback decision.
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