Wipro, Edelweiss Financial slip after block deal

Shares of Wipro were trading lower by 3.5% on the NSE in morning trade after ~26.mn shares changed hands in a single block on BSE.

Mar 08, 2019 10:03 IST India Infoline News Service

Shares of Wipro were trading lower by 3.5% on the NSE in morning trade after ~26.7mn shares changed hands in a single block on the BSE. Edelweiss Financial Services also dropped 2% after 12.1 lakh shares changed hands in a single block.

In other block deals, shares of Advanced Enzyme Technologies rallied 13% after 1cr shares of the company changed hands in two block deals on the BSE and NSE.

Meanwhile, the stock markets were trading lower amid fears of a slowing global economy. The Sensex was down 57 points to 36,668 levels, while the Nifty was marginally down 28 points to 11,029 levels.

Stock view:
Wipro Ltd is currently trading at Rs258.10 down by Rs10.7 or 3.98% from its previous closing of Rs268.80 on the BSE.

Edelweiss Financial Services Ltd is currently trading at Rs161.80 down by Rs2.5 or 1.52% from its previous closing of Rs164.30 on the BSE.

Advanced Enzyme Technologies Ltd is currently trading at Rs186.50 up by Rs23.25 or 14.24% from its previous closing of Rs163.25 on the BSE.

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