On Wednesday, Share markets in India turned negative in the noon session and ended their day on a negative note.

At the closing bell yesterday, the BSE Sensex closed lower by 90 points. While, the NSE Nifty finished lower by 32 points. Meanwhile, the S&P BSE Midcap Index finished down by 0.9% while the S&P BSE Small Cap Index ended down by 1.2%.

Among BSE sectoral indices, oil & gas sector gained the most by 0.8%, followed by information technology sector 0.7%, while realty sector & metal sector finished down by 2% & 1.3% respectively.

Top Stocks in Focus Today

Bharti Airtel share price will be in focus today. The stock of the company zoomed over 5.5% yesterday on reports that the company has tied up with Karbonn Mobiles to offer 4G smartphone effectively at the price of a feature phone which is aimed at enabling every Indian to buy a 4G smartphone and get on to the digital superhighway.

Dena Bank share price will also be in focus today. This comes as the bank is set to become the first bank under the Reserve Bank of India’s (RBI) prompt corrective action to tap the equity market after it announced a qualified institutional placement (QIP) to raise up to Rs 4.3 billion from institutional investors.

Market participants will also track Lupin share price today as the company has announced the acquisition of US based Symbiotix Therapeutics. The pharma major said that it acquired the US based company in a deal worth US$ 150 million (Rs 9.8 billion) in a bid to grow its women’s health business. Lupin said the acquisition was made for a cash consideration or US$ 150 million, including a US$ 50 million upfront and other time-based payments. In addition, there are sales based contingent payments.

No Deviation in Fiscal Consolidation Exercise

As per a leading financial daily, the Prime Minister’s Economic Advisory Council (EAC) yesterday said that India must not move away from the path of fiscal consolidation.

Admitting a slowdown in the Indian economy, the EAC Chief Bibek Debroy stated that the fiscal deficit target should not be breached.