Mid-day market check: SENSEX, NIFTY50 flat; ESAF Small Finance Bank, Siemens Energy among buzzing shares

The Indian equity benchmarks were trading on a flat note in noon deals as gains in Reliance Industries, Mahindra & Mahindra, Kotak Mahindra Bank, Bharti Airtel and Larsen & Toubro were offset with losses in Infosys, ICICI Bank, Tata Consultancy Services, Bajaj Finance and State Bank of India. As of 12:17 pm, the SENSEX was down 44 points at 81,400 and NIFTY50 index slipped 3 points to 24,809.

The bank said that its board has approved a proposal for the sale of non-performing assets (NPA) and written-off loans to Asset Reconstruction Company (ARC) as listed below.

On Wednesday, Jio Financial Services said it had acquired the entire 17.8% stake of State Bank of India (SBI) in Jio Payments Bank for a consideration of ₹104.54 crore.

With the stake buy, Jio Payments Bank becomes a wholly-owned subsidiary of JFSL.

On the NSE, the stock listed at ₹2,840, against the discovered price of ₹2,478.20. On the BSE, the stock listed at ₹2,850. The discovered price on the BSE was ₹2,368.80.

Soon after listing, the stock hit its 5% upper circuit limit on both the stock exchanges. On the BSE, the stock hit the upper circuit limit of ₹2,992.45, while, on the NSE, the scrip touched the upper circuit limit of ₹2,982.

On the BSE, 19.93 lakh shares changed hands as against an average of 8.26 lakh shares traded daily in the past two weeks.

Welcure Drugs & Pharmaceuticals Ltd will engage in sourcing and procurement of multiple finished-dosage SKUs, the company stated in an exchange filing.

Built on a fee-based model, the company will earn a fixed 5 per cent commission on the cost of goods, the filing stated.