Nifty, Sensex Continues to Trend Higher - Wednesday Closing Report
Moneylife Digital Team 10 April 2024
On Wednesday, 1961 stocks advanced, 1869 declined and 103 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.04, indicating positive closing of stocks in broader markets. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, 111 securities advanced and closed at a new 52-week high whereas 5 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Pharma and Nifty Auto among the biggest losers. Nifty Media, Nifty PSU bank IT and Nifty FMCG among the biggest gainers.
Thomas Cook (India) (+1.88%)  and its Group Company, SOTC Travel, have partnered with the Uttarakhand Tourism Development Board to launch special aerial darshans to Adi Kailash & Om Parvat (Dev Bhoomi).
Bharti Airtel (+2.06%) has deployed additional sites in Anand district to densify its network.
Citigroup through its affiliate Citigroup Global Markets Mauritius has bought more than 1.76 crore shares or 0.7% stake in South Indian Bank. Citigroup Global Markets Mauritius has acquired 66.97 lakh shares amount to 1.11% stake of RBL Bank.
DroneAcharya Aerial Innovations (+1.60%) has made strategic investment in Gridbots Technologies.
Godawari Power and Ispat (+6.93%) has resumed its operation at 8 MW Bio Mass Power Plant namely Balaji Power A unit of Hira Ferro Alloys (a subsidiary of the Company).
Gensol Engineering (+1.02%) has received significant order book that stands at an impressive Rs1783 crore in the beginning of FY25.
PB Fintech (+3.22%) has incorporated its wholly-owned subsidiary namely -- PB Pay.
The United States Food and Drug Administration (US FDA) has completed inspection at the API facility of Shivalik Rasayan at Dahej, Gujarat.
Ramco Systems (+19.99%) has entered into strategic engagement with Korean Air, a flag carrier of South Korea and its largest airline, to implement its flagship aviation software, Ramco Aviation Suite at Korean Air’s Engine Maintenance Center.
Shyam Metalics and Energy (+1.73%) has established a new Stainless Steel Hot Rolled Coils (HRC) facility at its existing plant in Sambalpur, Odisha. 
Exide Industries (-0.18%) has entered into an agreement for acquiring 26% equity stake in Clean Max Arcadia, a Special Purpose Vehicle (SPV) promoted and incorporated by Clean Max Enviro Energy Solutions for generation and supply of solar power.
Lemon Tree Hotels (+2.29%) has forayed into the stunning country of Nepal with the opening of Lemon Tree Premier, Budhanilkantha, Kathmandu.
Lupin (-0.17%) has launched first generic version of Oracea (Doxycycline Capsules, 40 mg), in the United States, after having received an approval from the United States Food and Drug Administration (USFDA).
Cupid (-0.04%): Net Sales was Rs62.9 crore in Q4FY24 up 52% YoY (Rs41.5 crore). Net Profit was Rs23.7 crore in Q4FY24 up 184% YoY (Rs8.34 crore)
Transformers & Rectifiers India (+3.77%): Net Sales was Rs513 crore in Q4FY24 up 17% YoY (Rs438 crore). Net Profit was Rs41.6 crore in Q4FY24 up 343% YoY (Rs9.60 crore)
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:
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