We had mentioned in Tuesday’s closing report that Nifty, Sensex remained under pressure. The major indices rallied today. On the NSE, there were 1,179 advances, 617 declines and 357 unchanged. The trends of the major indices in the course of Wednesday’s trading are given in the table below:
Vodafone Idea (VIL) saw a sharp surge in its stock price over reports that the government is unlikely to invoke its bank guarantees for now. Vodafone Idea chairman Kumar Mangalam Birla had met Telecom Secretary Anshu Prakash on Friday to discuss the AGR payment issue after paying Rs2,500 crore on Monday.
ARSS-Infrastructure Projects bagged a work order of Rs130.09 crores for execution of works for Rail Vikas Nigam.
Dilip Buildcon has completed the excavation project of Northern Coalfields Ltd. The project cost was Rs1,673.58 crore.
The Reserve Bank of India has granted its final approval to Kotak Mahindra Bank in the matter relating to dilution of promoters' shareholding in the bank.
Tata Coffee sold 1,59,850 shares and Tata Consumer Products sold 7,05,522 shares of Tata Chemicals Limited (TCL) to Tata Sons Private as a market transaction.
SpiceJet could launch 20 new flights on its domestic routes, including some services under the government's regional connectivity scheme, Udan, from late next month as part of the airline's summer schedule.
The stock price of Aurobindo Pharma surged 20% after the firm received Establishment Inspection Report (EIR) with Voluntary Action Initiated (VAl) status from the US drug regulator for Unit IV for its general injectable formulation manufacturing facility.
Hero MotoCorp announced an investment of Rs10,000 crore over the next 5-7 years on various activities, including research and development and setting up new manufacturing facilities.
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: