We had mentioned in Wednesday’s closing report that Nifty, Sensex were indecisive. The major indices went up today after a correction yesterday. On the NSE, there were 977 advances, 782 declines and 368 unchanged. The trends of the Indian stock markets in the course of Thursday’s trading are given in the table below:
The NCLAT issued a notice to the Gujarat Urja Vikas Nigam after the cash-strapped IL&FS approached the appellate tribunal seeking the release of around Rs145 crore held by the power distribution company. IL&FS had earlier approached the Gujarat Energy Regulatory Commission on the matter but was not given any relief. IL&FS told the NCLAT bench that the Gujarat distribution company has withheld payment to five IL&FS wind energy companies.
SpiceJet will launch 46 new non-stop flights on its domestic network next month. According to the airline, the new flights will begin in phases starting October 27.
Besides, the airline said with the addition of new flights, passengers from cities such as Rajkot, Aurangabad, Jodhpur, Varanasi, Shirdi, Vijayawada, and Vishakhapatnam among others will be able to "easily travel to a host of other cities both on SpiceJet''s domestic as well as international network".
Axis Bank said its qualified institutions placement has attracted good response from the global and domestic investor community and has been oversubscribed, with the aggregate final transaction size being Rs12,500 crore. The QIP was approved by the bank shareholders through a postal ballot on August 21, 2019.
Muthoot Finance will raise Rs1,000 crore through non-convertible debentures for the purpose of lending. This is Muthoot's 21st public issue series of secured redeemable NCDs. The offer has a base issue size of Rs100 crore with an option to retain oversubscription up to Rs900 crore. The issue opens on September 27, 2019, and closes on October 25, 2019
Dilip Buildcon has emerged as L-1 bidder for a new over burden removal contract mining work for Nigahi Project in Madhya Pradesh valued at Rs2,122.73 crores by the Northern Coalfield, a subsidiary of Coal India.
In conformity with the RBI guidelines on external benchmark based lending, Indian Bank has decided to link all new floating rate loans to personal or retail segment and new floating rate loans to micro & small enterprises (MSE), to RBI’s policy repo rate with effect from 1 October 2019.
GlaxoSmithKline Pharmaceuticals has been contacted by regulatory authorities regarding the detection of genotoxic nitrosamine NOMA in ranitidine products.
Based on the information received and correspondence with regulatory authorities, GSK made the decision to suspend the release, distribution and supply of all dose forms of ranitidine hydrochloride products to all markets, including India, as a precautionary action pending the outcome of ongoing tests and investigations.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: