Nifty, Sensex Reverse Course - Wednesday Closing Report
Moneylife Digital Team 14 February 2024
On Wednesday, 1162 stocks advanced, 841 declined and 1935 remained unchanged, with an advance decline ratio of 1.38 on the Bombay Stock Exchange (BSE), 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, 71 securities advanced and closed at a new 52-week high whereas 35 securities sank to close at their new 52-week lows.  In sectoral indices, Nifty PSU Bank, Nifty Media and Nifty Energy were among the biggest gainers. Nifty IT and Nifty Pharma were among the biggest losers.
Tata Consultancy Services (TCS) (-1.19%) and Conga, a global leader in Revenue Lifecycle Management solutions, have forged a strategic partnership to offer more customized and state-of-the-art solutions to enterprises.
Kotak Mahindra Bank (+0.68%) has raised Rs1000 crore through the allotment of 100,000 Senior, Rated, Listed, Unsecured, Redeemable, Long Term Fully Paid Up Non-Convertible Bonds in the nature of
Debentures, of the face value of Rs1,00,000 each, (NCDs), issued on private placement basis.
UCAL (-0.72%) has received an approval for acquisition up to 49% of the equity share capital of Avironix.
Tata Elxsi (-0.12%) has strategically expanded presence in Pune with the inauguration of a new Global Design and Engineering center in Sukhwani Business Hub, Chinchwad.
Indian Hume Pipe Company (+10.68%) has received Letter of Intent (LoI) of the value of Rs495.04 crore.
InterGlobe Aviation (IndiGo) (+1.83%) has entered into a finance lease transaction with BOC Aviation. The deal has been signed for four Airbus A320NEO aircraft.
RITES (+5.94%) has entered into strategic Memorandum of Understanding (MoU) with AD Ports Group to explore joint ventures and collaborations in key areas of trade and logistics.
Sonata Software (-0.47%) has integrated Amazon Bedrock and related services as an integral part of its Harmoni.AI framework, bringing artificial intelligence (AI) adoption to the forefront of businesses. 
Adani Green Energy (AGEL) (+2.02%) has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid.
Vishnu Prakash R Punglia (+2.46%) has received a Letter of Acceptance (LoA) from the Office of Mumbai Railway Vikas Corporation (MRVCL), a PSU under the Government of India's Ministry of Railways.
RailTel Corporation of India (+2.70%) has received the work order from Prasar Bharati Broadcasting Corporation of India for Design, Development, Implementation, Operations and Maintenance amounting to Rs139.73 crore.
Spandana Sphoorty Financial (+2.37%) has raised Rs100 crore through allotment of 10,000 secured, redeemable, non-convertible debentures having face value of Rs1,00,000 each, at par, on a private placement basis.
Snowman Logistic (-1.89%): Net Sales was Rs124 crore in Q3FY24 up 13% YoY (Rs109 crore). Net Profit was Rs4.25 crore in Q3FY24 up 14% YoY (Rs3.74 crore).
Vardhman Holding (-2.06%): Net Sales was Rs7.73 crore in Q3FY24 up 73% YoY (Rs4.48 crore). Net Profit was Rs53.6 crore in Q3FY24 up 62% YoY (Rs33.1 crore).
IRCTC (+2.06%): Net Sales was Rs1,118 crore in Q3FY24 up 22% YoY (Rs918 crore). Net Profit was Rs300 crore in Q3FY24 up 22% YoY (Rs256 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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