Nifty, Sensex Up Marginally - Wednesday Closing Report
Moneylife Digital Team 12 June 2024
On Wednesday, 2554 stocks advanced, 1336 declined and 101 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.91, 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, 168 securities advanced and closed at a new 52-week high whereas 10 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Media, Nifty PSU Bank and Nifty Energy among the biggest gainers. Nifty FMCG and Nifty Auto among the biggest losers.
HCL Technologies (+0.70%) extended its partnership with Germany's apoBank with an estimated value of $278 million (approx. Rs2,322.8 crore) for the next 7.5 years. The company also extends its engineering research and development partnership with Olympus.
TVS Supply Chain Solutions (+4.95%) inked a deal with Daimler Truck AG's arm, Daimler Truck South East Asia, for integrated supply chain solutions service in Singapore.
B L Kashyap Sons (-2.11%) won orders worth Rs1,021 crore. Orders include the construction of a hotel structure and shell work from Sattva Homes and composite steel structural work from DLF City Centre.
Brigade Enterprises (-4.10%) announced plans to invest Rs8,000 crore in Chennai by 2030 to expand its business in the city by launching residential, office, retail, and hospitality projects with over 15 million square feet.
Vodafone Idea (+1.48%) received in-principle approval for a Rs14,000 crore loan from a State Bank of India-led consortium of banks. The funds will be used to repay operational creditors, roll out the 5G network, and bid for additional spectrum.
Tata Communications (+0.66%) rose as it signed a five-year global broadcasting services deal for the World Athletics Series, including the World Championships in Tokyo in 2025. The company will provide customized live content to broadcasters worldwide.
Tube Investments of India (+0.10%) and Tl Clean Mobility enter into an agreement with South Asia Growth lnvest and South Asia EBT Trust to acquire convertible preference shares for Rs160 crore in Tl Clean Mobility.
LTIMindtree (+0.97%) announced the inauguration of its regional headquarters in Riyadh as a part of its expansion in the Kingdon of Saudia Arabia (KSA) and the Middle East.
IOL Chemicals and Pharmaceuticals (+3.31%) received CEP certificate for Pantoprazole Sodium Sesquihydrate for alternative process (Process - II).
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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