We had mentioned in Monday’s closing report that Nifty, Sensex may be flat to down. The major indices ended with gains. On the NSE, there were 912 advances, 876 declines and 352 unchanged. The trends of the major indices in the course of Wednesday’s trading are given in the table below:
The Indian equity markets opened higher led by gains in banks and financial service stocks.
The Cabinet Committee on Economic Affairs approved the proposal to increase the authorised capital of Food Corporation of India to Rs10,000 crore. The current authorised capital of FCI is Rs3,500 crore.
The board of directors of Yes Bank will meet on Friday to consider fund raising through issue of fresh equity. The bank had earlier announced that it had received a binding offer from a global investor for an investment of $ 1.2 billion.
CreditAccess Grameen has agreed to acquire 76.2% of Madura Micro Finance from its existing shareholders. The price to be paid for acquisition is Rs1,216.16 per share, aggregating to Rs666.4 crore.
The board of Accelya Solutions India has approved appointment of Jose Maria Hurtado as an Additional Director with effect from 27 November 2019.
Ashok Leyland has bagged an order from Tamil Nadu State Transport Undertakings for 1750 buses. This order comes closely on the back of orders received from various state transport undertakings recently.
BASF India plans to double its capacity for polymer dispersions with a new production line at its site in Dahej, Gujarat. Through this investment, the company aims to provide a reliable supply of high-quality dispersion solutions to customers in the fast-growing Indian and South Asian markets.
Biocon and Mylan's supplemental Biologics License Application (sBLA) for Pegfilgrastim Drug Substance to be manufactured at Biocon's new Biologics manufacturing facility has been approved by the U.S. FDA. This additional approval of its new manufacturing facility for Pegfilgrastim in Bengaluru will enable Biocon Biologics, a subsidiary of Biocon, and Mylan to scale up capacity multi-fold and address the growing market opportunities in the U.S. and other global markets.
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: