We had mentioned in Wednesday’s closing report that Nifty, Sensex may try to go up. The major indices opened high and closed with major gains. On the NSE, there were 1,337 advances, 464 declines and 342 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
The Enforcement Directorate (ED) has attached Rs2,510.82 crore worth of movable and immovable assets of SRS Group, its promoters, their family members and of associate companies on charges of defaulting on a loan of Rs1,100 crore.
IL&FS Transportation Networks sought expressions of interest for the acquisition of its entire stake in GRICL Rail Bridge Development. ITNL is the promoter shareholder of GRBDCL and holds 100% of the equity shares of the company.
Drug maker Strides Pharma Science appointed former Cipla honcho R. Ananthanarayanan as their new CEO and Managing Director.
Delta Corp Limited's subsidiary had earlier entered into a Memorandum of Understanding (MoU) for leasing space at the five star Marriot Hotel in Kathmandu, Nepal to operate a casino. The subsidiary in Nepal has been issued a license for operating a casino in Nepal.
KNR Constructions plans to sell its entire equity stake in a toll road KNR Walayar Tollways Private to Cube Highways and Infrastructure III Pte. Ltd. The company holds 100% equity in the special purpose vehicle (SPV).
BGR Energy Systems has secured an order from Tamilnadu Transmission Corporation Limited (TANTRANSCO) on a total turnkey contract basis. The total value of the contract is Rs.224.28 crores inclusive of GST and the contract completion period is 18 months.
The Cabinet Committee on Economic Affairs approved viability gap funding/capital grant of 60% of the estimated cost of Rs.9,265 crore for the project to Indradhanush Gas Grid Limited (IGGL). The North East Gas Grid project is being implemented by IGGL, a joint venture company of five CPSEs (GAIL, IOCL, ONGC, OIL and NRL).
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: