We had mentioned in Tuesday’s closing report that Nifty, Sensex were sending mixed signals. The major indices opened low but recovered and closed with minor losses. On the NSE, there were 742 advances, 1,054 declines and 351 unchanged. The trends of the major indices in the course of Wednesday’s trading are given in the table below:
The 30-scrip Sensitive Index (Sensex) opened on a negative note during the morning session of the trade.
After the Central Statistics Office projected 5% GDP growth for the financial year 2019-2020, industry body Ficci suggested relaxing the fiscal deficit target as a measure to boost demand, saying infusion of capital into the economy is imperative to boost growth.
Suzlon Energy has defaulted on loans amounting to Rs.7,256.38 crore. The total default amount includes a principal of Rs.6,717.44 crore and interest of Rs.538.94 crore, the company said in a regulatory filing.
Mastek (UK) will sell its partial holding of 8,24,500 shares in Majesco (USA) for cash consideration of USD 6.49 million, in the open market on January 7, 2020.
Ramco Systems secured a multi-million-dollar global payroll and workforce management (WFM) deal from a leading Australian university. With this win, Ramco will be expanding its foothold in the higher education vertical which is witnessing good demand for HR & Payroll transformation.
Subex announced a five-year expansion of coverage of their partnership with Jawwal, the foremost mobile network operator in Palestine, to provide an upgrade with the latest versions of ROC Revenue Assurance and ROC Fraud Management.
Invent Asset Reconstruction emerged as a successful bidder to acquire debt exposure of Garden Silk Mills. The lenders of Garden Silk Mills had invited expression of interest from bidders for sale of the debt exposure.
T S Alloys, a wholly-owned subsidiary of Tata Steel, has been issued letter of intent for grant of mining lease for Saruabil block for chromite ore. The government of Odisha had undertaken an auction process for the grant of mining lease for the Saruabil Chromite mining block.
Shares of Adani Enterprises slipped after media reports suggested that the Supreme Court (SC) has set aside Bombay High Court's order giving relief to the firm in the coal import case.
Telecom majors sought an open court hearing of their pleas seeking review of certain directions of the Supreme Court on recovery of past dues amounting to Rs1.47 lakh crore from telecom service providers.
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: