We had mentioned in Monday’s closing report that Nifty, Sensex were still on an uptrend. On Tuesday, the major indices moved in a range and ended flat. On the NSE, there were 802 advances, 1,074 declines and 102 unchanged.
The trends of the major indices in the course of Tuesday’s trading are given in the table below:
Wipro reported a consolidated profit of Rs 2,465.7 crore for the July-September quarter against Rs 2,390.4 crore in the previous quarter. Consolidated revenue increased 1.2% sequentially to Rs 15,096.7 crore. The board approved a buyback proposal for purchase of up to 23.75 crore equity shares (representing 4.16 percent of total paid up equity).
Alembic Pharma’s associate company, Rhizen Pharmaceuticals, entered into an exclusive licence agreement with Curon Biopharmaceutical for development and commercialization of Tenalisib, a Dual Pl3K Delta and Gamma Inhibitor for Oncology, in Greater China.
Steel Strips Wheels bagged orders of over USD 3,68,000 from the US and the EU, to be executed in the month of December and January from its Dappar & Chennai plants.
Shalby posted a standalone net profit at Rs 24.16 crore for the second quarter ended September 30, as against a loss of Rs 8.7 crore a year ago. Its standalone revenues stood at Rs 109 crore as against Rs 126 crore in the same period last year.
Rane Brake may consider proposal for buyback of equity shares.
Vedanta said that the company will return delisting funds to banks, bondholders, after its delisting offer is deemed to have failed.
Lakshmi Vilas Bank will consider issue of securities on a rights basis to existing shareholders.
Infosys completed the acquisition of US-based product design and development firm Kaleidoscope Innovation for up to $42 million.
Cipla’s step-down US-based subsidiary received complete response letter (CRL) from the US drug regulator for IV Trambol.
Cyient and SPRINT, a UK based business innovation support programme, have announced its strategic partnership to accelerate the innovation in the UK space sector and to strengthen the mutual focus on industry collaboration.
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: