We had mentioned in Tuesday’s closing report that Nifty, Sensex may continue to rise. On Wednesday, the indices opened higher and rallied with major gains. On the NSE, there were 1,201 advances, 735 declines and 85 unchanged.
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
Bank of Baroda has raised Rs 4,500 crore equity capital through qualified institutional placement.
Engineers India was awarded a project by Indian Oil Corporation with an order value of around Rs 600 crore.
Kalpataru Power secured new orders and received notification of award of Rs 1,554 crore.
TP Saurya Limited, the wholly-owned subsidiary of Tata Power, has signed a power purchase agreement with Tata Steel to develop a 15 MW solar project at Jamshedpur, Jharkhand.
RPP Infra has bagged four orders worth Rs 1,000 crore from various clients. Power Mech has bagged orders worth Rs 734 crore.
Accel, IT and realty company, has acquired the IT services business of Computer Factory India Pvt Ltd in an all cash deal.
Megasoft board has approved rights issue in the ratio of 2 rights equity shares for every 3 shares held by eligible equity shareholders.
Gayatri Highways has completed the acquisition of 51% equity share capital of Balaji Highways Holding Private Limited.
Jaiprakash Power Ventures board has approved disinvestment of 74% shareholding in Jaypee Powergrid Limited, a joint venture with Power Grid Corporation of India.
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: