Indian benchmark indices end Wednesday with positive bias
The market appeared to be in a somewhat positive mood riding on upbeat start to the corporate earnings season and ahead of quarterly results from major banks.
Some of the key BSE Sensex stocks that gained on Wednesday were BHEL, Tata Steel, HUL, ONGC and M&M while NTPC, GAIL, Hero MotoCorp,, Bharti Airtel and Adani Ports posted losses.
According to media reports on Wednesday, the Cabinet has approved plans to divest a 25 percent stake in each of the five fully-owned public sector general insurance companies by listing these on stock exchanges.
Addressing the media, Union Finance minister Arun Jaitley said that all the five state-owned general insurance companies -- New India Assurance, Oriental Insurance, National Insurance, United India Insurance and General Insurance Company -- will be listed on stock exchanges by way of issue of fresh shares or offer for sale (OFS).
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