SBI stock was up over 2 percent

The Markets Today in a nutshell

• Domestic benchmark indices ended on a negative note.
• Indian indices felt the heat in the early morning trade after a meltdown in US markets yesterday. All three US benchmarks tanked more than 4 percent the previous day as inflation declined at a slower pace than expected.

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News you could use

?Vedanta share price surged over 9 percent
Vedanta and Foxconn said they will invest over Rs 1.54 lakh crore to set up a display fabrication and semiconductor manufacturing facility in Gujarat. The proposed facility will come up over the next two years, according to media reports. Also, Vedanta Ltd will create a hub to manufacture Apple’s iPhones and other television equipment in Maharashtra.

?SBI stock was up over 2 percent 
SBI became the third lender and seventh Indian company to cross the Rs 5-trillion market cap for the first time after its shares rallied over 22 percent so far this year. SBI now ranks seventh most valued Indian company. Reliance Industries remains India’s most-valued company, followed by Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank and Hindustan Unilever.
 
?KEC International rallies as company bags new orders
The stock ended in the green after the company secured new orders of Rs 1,108 crore across its various businesses including transmission and distribution, and railways. The transmission and distribution business has secured orders for T&D and cabling projects in India, the Middle East and Africa.

News from the IPO world?

• Annapurna Swadisht fixes price band at Rs. 68-70 per share.
• PhatomFx plans to raise funds via SME IPO.
• Harsh Engineers IPO fully subscribed on day 1.

Numbers? that matter