Markets Live: Sensex, Nifty volatile; capital goods, FMCG stocks major losers

L&T bags new orders: L&T has secured orders worth Rs. 2,008 crore, including two international orders in November and December, 2014

Max India rallies: The stock of Max India rallied 6 per cent on Wednesday after the Congress gave a go-ahead to the insurance bill, which proposes to increase FDI in the insurance sector from 26 per cent to 49 per cent. 

Indian markets volatile: The Sensex and the Nifty were trading in a highly volatile range ahead of release of industrial production and consumer price inflation data this week.
The Winter Session of Parliament and the passage of important bills such as the Insurance Bill have also kept investors riveted.
At 1.30 pm local time, the BSE benchmark Sensex was trading down by 5.38 points or 0.02 per cent at 27,791.63 and the 50-share NSE index Nifty was trading up by 0.35 point or 0.00 per cent at 8,341.05.
Sectoral indices: Among BSE sectoral indices, India infrastructure index gained the most by 0.89 per cent, followed by consumer durables 0.83 per cent, power 0.79 per cent and PSU 0.66 per cent. On the other hand, capital goods index was down 0.72 per cent, followed by FMCG 0.67 per cent, IT 0.16 per cent and auto 0.09 per cent.
Gainers, losers: ONGC (2.04%), SBIN (1.97%) Tata Power (1.87%), Cipla (1.61%) and Dr Reddy's (1.44%) were the top five Sensex gainers, while the major losers were BHEL (1.97%), Sun Pharma (1.47%), GAIL (1.25%), Bajaj Auto (1.19%) and HUL (1.06%). 

Cipla arm to sell stake in Chinese co: Cipla said its wholly owned subsidiary Meditab Holdings Ltd, Mauritius, has entered into a definitive agreement to sell its entire 48.22 per cent equity interest in Jiangsu Cdymax Pharmaceuticals Co. Ltd, China, to an affiliate of one of the other shareholders of Jiangsu for $18.5 million.
In a communication to the stock exchanges, Cipla said the transaction is subject to receipt of regulatory approvals in China.

Cigniti to raise ₹100 cr: Cigniti Technologies, a testing tools solutions company, will raise ₹100 crore through a preferential issue to existing shareholders and promoters. It is going to complete the process by the month-end.

Reliance Cap set to sell stake in Yatra.com: Looking to cash in on the e-commerce boom, Reliance Capital is all set to sell its 16 per cent stake in travel portal Yatra.com for an estimated Rs. 500 crore and is in talks with 2-3 international investors.

Chinese stocks rebound:  Chinese stocks rebounded on Wednesday from the previous day’s tumble, led by banking, property and small-cap shares as investors remained bullish about the market.

European markets: Financial spreadbetters expect Britain's FTSE 100 to open 18 to 26 points higher, or as much as 0.3 per cent, Germany's DAX to open 69 to 78 points higher, or as much as 0.8 per cent, and France's CAC 40 to open 26 to 31 points higher, or as much as 0.7 per cent.

Welspun secures Rs. 630-cr funding: Welspun Renewables Energy has secured Rs. 630 crore of debt funding from a consortium of financial institutions for its 126 MW wind project in the Pratapgarh district of Rajasthan.