We had mentioned in Wednesday’s closing report that Nifty, Sensex were giving mixed short-term signals. The major indices rallied. On the NSE, there were 1,337 advances, 462 declines and 349 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
DoT had floated a RFP (request for proposal) for e-auctioneer appointment in December 12. Four companies, including state-run ITI Ltd, eProcurement Technologies Ltd, and MSTC Ltd, may field for the e-auctioneer's mandate to manage auction of spectrum to be held by April.
Two-and three-wheeler manufacturer Bajaj Auto reported a fall of 3% in total sales, including exports, for December 2019. According to the company, its total sales during the month under review fell to 336,055 units from 346,199 units during the corresponding month of 2018.
TVS Motor Company reported dip in sales for the quarter ended December at 231,571 units.
Fertiliser maker Gujarat Narmada Valley Fertilizer and Chemicals has received a "Demand Notice" from the Department of Telecommunications (DoT), to deposit Rs 15,000 crore dues by January 23.
HDFC and its subsidiary HDFC ERGO have received all the regulatory approvals to acquire up to 51.2% stake in Apollo Munich Health Insurance. The National Housing Bank, Competition Commission of India (CCI) and the RBI had already given their approvals for the deal.
The Reserve Bank of India launched a unique mobile application for aiding visually impaired persons to identify the denomination of Indian bank notes. Feature-wise, the app is capable of identifying the denomination through audio notification in either Hindi or English and non-sonic mode such as vibration.
Real estate companies are defaulting as Peninsula Land, a unit of Ashok Piramal Group, defaulted in the payment of Rs.2.35 crore on a secured term loan worth Rs.177.72 crore from the State Bank of India.
Vipul Organics has received 'consent to operate' from Maharashtra Pollution Board (MPCB) on 30th December 2019 for their new factory at Tarapur. This consent is for the manufacturing of synthetic organic dyestuffs, pigment powder and pigment dispersions and intermediates for dyes and pigments, is valid for a period of 5 years.
RITES has secured a major work of project management consultancy from the Government of Bangladesh amounting to USD 14.01 million in relation to 4 laning of National Highway in Bangladesh. RITES is a lead partner in the JV arrangement and will receive USD 10.88 million out of the total consultancy fee of USD 14.01 million. Amount is inclusive of taxes.
The operations at Goa Carbon’s Goa Unit located at St. Jose De Areal, Saicete, Goa have been temporarily shut down for maintenance work from 1st January 2020.
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: