Indian equity benchmarks ended lower on Thursday with the Sensex losing 230.12 points or 0.37% to 61,750.60. The Nifty fell 65.75 points or 0.36% to 18,343.90.

The broader indices ended mostly lower with the BSE MidCap index losing 0.33% and the SmallCap index down by 0.27%. The top losing sectoral indices on the BSE were Consumer Durables down by 1.65%, Utilities 1.50%, Auto 1.35%, Power 1.34%, and Consumer Discretionary 0.92%. While Capital Goods 1.00%, Telecommunication 0.54%, and Industrials 0.46% were only gaining sectoral indices on BSE.

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One 97 Communications Ltd (Paytm): The stock ended over 10% lower at Rs 539.55 on the BSE after reports of SoftBank offloading a $215 million worth of stake in Paytm. The lock-in for pre-IPO investors ends later this week. It is offering 2.9 crore shares of Paytm at Rs 555 to Rs 601.45 per share, at a discount of over 7% on the current market price.  

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Timken India Ltd: The stock ended 20% higher at Rs 3,515.25 on the BSE after it announced setting up a new manufacturing unit at Bharuch, Gujarat to manufacture spherical roller bearings and cylindrical roller bearings, and other components. It already has a manufacturing plant at Bharuch manufacturing tapered roller bearings and their components.

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Tata Motors Ltd: The stock ended 1.78% lower at Rs 423.70 on the BSE after the chief executive officer (CEO) of its unit Jaguar Land Rover (JLR) filed his resignation citing personal reasons, the company informed in a regulatory filing.

Ircon International Ltd: The stock ended 2.26% lower at Rs 56.20 on the BSE after the company bagged a project of Rs 392.52 crore by the Madhya Pradesh government. The company emerged as the lowest bidder (L1) for the construction of the balance work of the Bahuti canal project on a turnkey basis inclusive of the completion of earthwork of the main canal system from RD 18 to 74 km & other ancillary activities.

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Hindustan Zinc Ltd: The stock ended 1.60% higher at Rs 324.15 on the BSE after the company’s Board of Directors approved a second interim dividend of Rs 15.50 per share, 775% on the face value of Rs 2 per share for the ongoing fiscal amounting to Rs 6,549.24 crore.

Coal India Ltd: The stock ended over 1% lower at Rs 232.30 on the BSE. The Maharatna company’s chairman Pramod Agrawal at Global Mining Summit 2022 said that the company was targeting 50 million tonnes of e-auction sales for the ongoing financial year. 

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Tata Power Company Ltd: The stock ended 1.47% lower at Rs 221.30 on the BSE. Its subsidiary, Tata Power Solar Systems has tied up with the Union Bank of India, to help the MSME sector move to solar solutions for energy needs. Thus, saving on the cost of electricity, and making MSMEs more profitable.