We had mentioned in Tuesday’s closing report that Nifty, Sensex were headed higher. The major indices suffered losses. On the NSE, there were 644 advances, 1,139 declines and 346 unchanged. The trends of the Indian stock markets in the course of Thursday’s trading are given in the table below:
Air India said that the second bond issue of the special purpose vehicle (SPV) Air India Assets Holding Ltd (AIAHL) has been fully subscribed. The 10-year tenure bonds of AIAHL worth Rs1,000 crore with a "green shoe" option of Rs6,000 crore was fully subscribed at the rate of 7.39%. The official said that the company received bids worth Rs21,736 crore and has decided to accept the entire issue of Rs7,000 crore.
ARSS Infrastructure Projects has secured two work orders of Rs220.65 crore for construction of roadbed, major and minor bridges, etc.
Steel Strips Wheels (SSWL) has received an exports order for market in the Western Hemisphere. The orders would be executed over a period of 12 months with supplies beginning this month from Chennai plant. This additional business will ensure continuation of 100 percent utilization of Chennai plant.
Sterlite Power has received funds from newly issued infrastructure debentures rated by Fitch Ratings as AAA for the Arcoverde Project. This is an important milestone for Sterlite as it is its first infrastructure debenture in the Brazilian capital markets.
Indusind Bank financial results for the quarter ended September 2019 showed 31% year-on-year rise in net interest income to Rs8,878 crore. Net profits grew 52% y-o-y to Rs1,401 crore.
The stock of Indiabulls Housing collapsed by 19% after the RBI rejected the proposed merger with Lakshmi Vilas Bank Limited.
Tata Motors Group global wholesales in September 2019, including Jaguar Land Rover, were at 89,912, lower by 27%, as compared to September 2018. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in September 2019 were at 28,524, lower by 45%, over September 2018. Global wholesales of all passenger vehicles in September 2019 were at 61,388 nos., lower by 14% as compared to September 2018.
Global wholesales for Jaguar Land Rover were 53,091 vehicles (*JLR number for September 2019 includes CJLR volumes of 4,672 units). Jaguar wholesales for the month were 13,800 vehicles, while Land Rover wholesales for the month were 39,291 vehicles.
Edelweiss Asset Management Limited, (which has various schemes of mutual funds) has approached the Mumbai High Court for recovery of principal and interest dues from DHFL, in line with action taken by other peers in the industry.
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: