Nifty, Sensex may move sideways until the US market ends its sharp downturn – Thursday closing report
We had mentioned in Wednesday’s closing report that Nifty, Sensex to log in more gains. On Thursday, the indices opened lower and rallied but still ended in the red. On the NSE, there were 1,022 advances, 862 declines and 85 unchanged.
 
The trends of the major indices in the course of Thursday’s trading are given in the table below:
 
 
Wipro announced that it will acquire Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in the Americas, Europe and the Asia Pacific, for USD 1.45 billion.
 
Dilip Buildcon has received the letter of acceptance from Mahanadi Coalfield for the development and operation of SIARMAL Open Cast project in the state of Odisha. The value of the contract is Rs 36,819.07 crore.
 
Vivimed Labs’ FDF manufacturing facility in Hyderabad was inspected in August 2017 by the Ukraine ministry of health and has been approved and accredited with GMP Certification effective September 2017 and same has been renewed up to February 4, 2022. 
 
Jay Shree Tea & Industries will sell its tea estates at Valparai in Tamil Nadu to Jimsam Tea Equipments. The company has received Rs 11 crore already and balance Rs 35 crore to be received.
 
Laurus Labs promoters Satyanarayana Chava and Nagarani Chava have sold shares of the company worth Rs 191.67 crore and Rs 66.04 crore respectively.
 
NBCC has executed a MoU with Rashtriya Ispat Nigam for redevelopment and monetization of 22.19 acres of land parcels at Maddilapalem, Visakhapatnam.
 
Torrent Power had emerged as the highest bidder in the tender for 51% equity stake in Power Distribution Company for the Union Territories of Dadra & Nagar Haveli and Daman & Diu.
 
In this connection, the Hon'ble Bombay High Court has, suspended the tender process in a PIL case before the Court until further orders in the matter.
 
Hind Rectifiers has secured order of Rs 72.02 crores in February 2021 and Rs. 39.25 crore in the month of March 2021.
 
Adani Ports is acquiring 31.5% stake stake in Gangavaram Port from Windy Lakeside Investment. It is also in discussion with DVS Raju & Family for their 58.1% stake in GPL.
 
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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