Nifty down at 8633.35rs.

CNX Nifty downs at 8633.35rs dropped below 14 points or a change of (-0.17%), while S&P BSE Sensex trading below 51 points or change of (-0.18%) at 28451.76rs.

BSE IT index, BSE Bankex were trading higher and shows in a green sign, on the other hand BSE Auto, BSE Metal drops down a while and seems in a red sign. Nifty Midcap 50 & CNX Nifty Junior declines at 0.42 to 0.53%.

UBS believes that the choice can cut back the preference dividend pay-out obligations of Rs a hundred and forty four large integer in FY16; it’ll conjointly dilute co-founders conflict of interest position.