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Sensex, Nifty rangebound despite global rally; Brent crude up 1%

Equity benchmarks remained marginally higher amid volatility. The Sensex was up 68.94 points at 28667.97 and the Nifty up 38.90 points at 8818.75. About 1483 shares advanced against 1200 declining shares on the BSE. 2:40 pm Acquisition: Heritage Foods is in discussions with Future Group for a possible sale of its Retail Business, reports CNBC-TV18. While Heritage has confirmed they are in talks with Future for a possible business collaboration, it has said all discussions are currently exploratory in nature. Heritage Foods has an array of businesses like dairy, retail and renewable energy. Under its retail business, the company operates nearly 110 grocery stores majorly in Southern India. Although the retail business contributes roughly 25-30 percent to total revenue of Heritage, it has been loss-making at the earnings before interest, tax, depreciation and amortisation (EBITDA) level. Hiving off this business will, therefore, prove beneficial for the company.

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Sensex, Nifty rangebound despite global rally; Brent crude up 1%


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