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Benchmark indices pared gains after opening higher amid volatility. The Nifty slipped below 17,850 level after opening above 17,900 mark. At 9:23 IST, the barometer index, the S&P BSE Sensex, was down 102 points or 0.17% at 59,975.82. The Nifty 50 index fell 14.1 points or 0.08% at 17,841. In broader market, the S&P BSE Mid-Cap index was down 0.08% while the S&P BSE Small-Cap index rose 0.16%. The market breadth, indicating the overall health of the market, was positive. On the BSE, 1365 shares rose and 859 shares fell. A total of 127 shares were unchanged. Stocks in Spotlight: HDFC fell 0.14%. The housing finance major said it will raise up to Rs 6,000 crore by issuing bonds on a private placement basis to augment its long term resources. Adani Enterprises gained 1.9%. The company said that its wholly owned subsidiary Adani Airport Holdings has signed share subscription agreement with April Moon Retail and its existing shareholders--Arjun Ahuja, Karan Ahuja, Aliya Ahuja and Kabir Ahuja--for the purpose of strategic partnership to operate duty free outlets in airports. Bharat Forge rose 0.49%. The company's Aerospace Business Division, became the first organization to successfully achieve the Nadcap accreditation for Metallic Materials Manufacturing. Global Markets: Most Asian markets were mostly trading lower on Tuesday, as various firms downgraded China's GDP forecasts. Goldman Sachs on Tuesday slashed its China GDP growth expectations to 7.8%, down from the 8.2% previously forecast. Nomura also expected China's GDP to grow by 7.7% this year, down from a previous forecast of 8.2%. Profits at China's industrial firms grew at a weaker pace in August from a year earlier. Profits rose 10.1% on year to 680.3 billion yuan ($105 billion) last month compared with a 16.4% gain in July. In US, the S&P 500 and Nasdaq indexes ended lower on Monday with investors pivoting to value as tech shares, hurt by rising Treasury yields, weighed on equities in the quarter's final week. Powered by Capital Market - Live News
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