We had mentioned in last week’s closing report that Nifty, Sensex were trendless. The major indices faced a correction and ended with huge losses. The trend of the major indices in the week is given in the table:
On Monday, the major indices suffered major losses. On the NSE, there were 293 advances, 1,597 declines and 318 unchanged.
Ramco Systems signed an agreement with CHI Aviation for delivering the full suite Ramco Aviation Software, comprising of maintenance & engineering, supply chain, MRO sales, flight operations, manufacturing, and finance.
HCL Tech announced plans to acquire IT company DWS Limited, an Australian IT, business and management consulting group.
Route Mobile listed with a massive 102.3% premium on September 21 after having strong response to the public issue.
On Tuesday, the major indices suffered minor losses. On the NSE, there were 458 advances, 1,382 declines and 363 unchanged.
HSIL’s board approved the share buyback plan from open market at a maximum buyback price of Rs 105 per equity share payable in cash for an aggregate amount of Rs 70 crore.
State Bank of India raised Rs 7,000 crore by issuing Basel III compliant bonds.
HCC Concessions completed its 100% sale of Farakka-Raiganj Highways Limited to Cube Highways and Infrastructure II Pte Ltd.
On Wednesday, fell sharply in the first few of hours of trading and then recovered towards the close. On the NSE, there were 854 advances, 986 declines and 364 unchanged.
KKR & Co will invest Rs 5,550 crore in the Reliance Industries subsidiary Reliance Retail Ventures in exchange for a 1.28% stake.
Reliance Jio has introduced new postpaid plans called JioPostpaid Plus that offer a free subscription to OTT platforms Amazon Prime, Disney+ Hotstar, and Netflix and a host of other benefits.
Hindustan Zinc board panel approved raising up to Rs 4,000 crore through debentures.
On Thursday, the major indices faced a major correction. On the NSE, there were 327 advances, 1,509 declines and 367 unchanged.
Ircon International won an order for nine road-over bridges' from the Ministry of Railways valued at more than Rs 400 crore. The period of completion is 24 months from the date of signing of MOU with Zonal Railways.
Datamatics Global Services has been awarded a contract for the delivery of tools for the static and fatigue testing of the control surfaces of the Boeing-Saab T-7A Red Hawk program.
Tata Elxsi announced the opening of a Global Engineering Center (GEC) with Schaeffler Technologies AG & Co KG.
On Friday, the major indices rallied and ended with major gains. On the NSE, there were 1,522 advances, 350 declines and 96 unchanged.
Advanced Enzymes stock price jumped after Nalanda India Equity Fund acquired a 3.75% stake in the company via an open market transaction on September 24.
Duroply Industries’ board approved the sale and transfer of the company's tea processing business.
Cipla received USFDA approval for a multiple sclerosis drug.
GMR Infra sold its entire stake of 51% in Kakinada SEZ to Aurobindo Realty and Infrastructure Private Limited.
Tata Consultancy Services partnered with Maurices, a women’s fashion-apparel retail chain in the US and Canada, to help create a new flexible and scalable IT landscape for the latter.