Nifty, Sensex still trending up – Wednesday closing report
We had mentioned in yesterday’s closing report that bullishness continues in the Nifty and the Sensex. On Wednesday, the major indices made fresh all-time highs and closed with decent gains.
 
On the NSE, there were 1,096 advances, 764 declines and 356 unchanged.
 
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
 
 
BPCL share price declined as energy giants like the Reliance Industries, Saudi Aramco and BP did not participate in the bidding process for the 52.98% of the stake sale of the company.
 
Lakshmi Vilas Bank was put under moratorium by the Finance Ministry, with effect from November 17 till December 16, 2020. During this time, depositors cannot withdraw more than Rs 25,000, and any extra amount of withdrawal will require the bank to take a written permission from the Reserve Bank of India (RBI). Also, the 94-year old bank will be merged with DBS Bank India and its entire paid-up share capital will be written off.
 
Wonderla Holidays Bangalore unit is opening for water rides from November 20, 2020. The dry rides have been operational since November 13. The park will be reducing the entry limit to 4000 from its original capacity of 10,000 per day for safety reasons.
 
Larsen & Toubro bagged the biggest orders ever from Tata Steel to supply 46 units of Komatsu mining equipment. The scope includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation.
 
JSW Infrastructure, part of the US$ 12 billion JSW Group on Wednesday said it has completed the acquisition of Chettinad Group's port business.
 
Sadbhav Engineering received letter of acceptance from NHAI for the 2 EPC road project/work for a contract value of Rs 1572.30 crore. Construction period of both road projects will be 24 months from appointed date.
 
Just Dial said it is pursuing all legal remedies to counter baseless allegations by IndiaMART. Indiamart sued Just Dial in the Delhi High Court alleging that Just Dial infringed upon its copyright over the website compilations that Indiamart made after years of hard work.
 
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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