Indian equity markets are trading in the red at midday with Nifty 50 down 0.27% to 24,172.90 and Sensex declining 0.32% to 77,456.66. Mixed sectoral performance is evident as cables sector leads with impressive 6.44% gains, followed by castings & forgings at 4.43%. However, printing & stationery (-1.52%) and engineering services (-1.01%) are facing pressure. Key corporate developments include Jupiter Infomedia's name change to Arix Energix Limited, Neogen Chemicals' upcoming earnings call, and Acme Solar's 300 MW renewable energy PPA with SECI at Rs. 3.25 per unit.
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