Market ended sharply lower on Wednesday, a day ahead of the expiry of August F&O contract. The Nifty 50 saw a fall of 47 points to close below 11,700, while the Sensex ending 174 points lower at 38,723. It hit the record high of 38,989.7 in the opening tick.

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The Nifty Bank index closed at 28,224.10, down 45.55 points on Wednesday. Large cap stocks particularly led by Reliance Industries and HDFC twins along with IT stocks dipped in Wednesday’s trade, while midcaps ended higher.

These are the stocks making the biggest moves premarket:

NBFC shares: RBI is planning to extend the February 12 circular for resolution of stressed assets put in place for banks to non-banking financial companies (NBFCs) as well.

Jet Airways: The airline on Wednesday said it will start 28 new flights, including daily services from Indore to Jodhpur and Vadodara, in the next month.

Reliance Infrastructure: Anil Ambani-led company on Wednesday completed 100 percent sale of its integrated Mumbai power distribution business to Adani Transmission Ltd for Rs 18,800 crore.

Bank of Baroda: The public sector lender on Wednesday said it is fairly confident that at least four power assets should get resolved outside the National Company Law Tribunal (NCLT).

IT, oil stocks: The Indian rupee closing at a fresh lifetime low of 70.59 by falling 49 paise against the dollar will impact the trade in these stocks.

Amtek Auto: The company reported Q3FY18 loss at Rs 80.21 crore against loss of Rs 241.56 crore in Q3FY17 and loss of Rs 10,652.2 crore in Q2FY18. Revenue at Rs 313.77 crore against Rs 457.2 crore in Q3FY17 and Rs 343.62 crore in Q2FY18, Moneycontrol reported.

Bharti Airtel: Shareholders have approved the proposed merger between the company and Tata Teleservices as part of ongoing proceedings at the National Company Law Tribunal (NCLT).

Pidilite Industries: Next two-three quarters will determine the new normal for growth and the company is cautiously optimistic on demand, said Bharat Puri, MD of Pidilite Industries.

Tata Chemicals: ICICI Prudential Life Insurance sold 52,13,678 shares of the company at an average price of Rs 414.21 per share which were worth Rs 216 crore. Its stake in the company reduced to 2.97 percent from 5.02 percent earlier.

HIL: Building materials company HIL (formerly Hyderabad Industries Ltd) is upbeat on the acquisition of Germany-based Parador Holdings, said Dhirup Roy Choudhary, MD and CEO, adding that its focus on domestic business will continue.

First Published:Aug 30, 2018 7:46 AM IST