Nifty near new closing high, Sensex choppy; CL Educate tanks 20%

Equity benchmarks remained volatile in morning due to lack of global as well as domestic cues. Investors awaited fourth quarter earnings due next month.

The 30-share BSE Sensex was down 32.71 points at 29,614.71 and the Nifty down 6.80 points at 9,166.95. About two shares advanced for every share falling on the BSE.

Education company CL Educate saw a tepid listing on Friday. The stock price opened at Rs 402, down sharply by 20 percent from its issue price of Rs 502 per share.

The stock recovered from day’s low and locked at 5 percent upper circuit at Rs 422.10 on the NSE, but still far below its issue price.

CL Educate operates across segments in the education industry, including test preparation and vocational training.

Tata Steel, Reliance Industries, Axis Bank, NTPC, SBI, IOC, BPCL and Hindalco were gainers while HDFC Bank, Wipro, HDFC, Adani Ports, Bharti Airtel, Bharti Infratel and Grasim were under pressure.

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