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POST MARKET
The Indian benchmark indices snapped four-day losing streak and ended strong led by buying across the sectors and increased hopes for further rate easing by Federal Reserve going ahead post-soft US inflation data.
At close, the Sensex was up 447.55 points or 0.53 percent at 84,929.36, and the Nifty was up 150.85 points or 0.58 percent at 25,966.40. About 2538 shares advanced, 1326 shares declined, and 127 shares unchanged.
Biggest Nifty gainers were Shriram Finance, Max Healthcare, Bharat Electronics, Power Grid Corp, Tata Motors Passenger Vehicles, while losers included HCL Technologies, Adani Enterprises, Hindalco, JSW Steel, Kotak Mahindra Bank.
All the sectoral indices ended in the green with auto, pharma, oil & gas, realty, telecom, healthcare rose 0.5-1 percent.
The broader indices outperformed the main indices with BSE midcap and smallcap indices rising 1 percent each.
STOCKS TODAY
BLS International services
The shares of BLS International Services jumped 2.29 percent after the Delhi High Court overturned an order by the Ministry of External Affairs (MEA) to ban the company from participating in future tenders of the ministry and the India Mission abroad for two years. It however, informed that the order will not affect the existing contracts.
Vodafone Idea
The shares of Vodafone Idea (VI) jumped almost 6 percent after the company announced that its subsidiary had raised Rs 3,300 crore through the issuance of Non-Convertible Debentures (NCDs). Additionally, CLSA said that the government may consider a partial relief of AGR dues for the telco.
Ather Energy
Ather Energy shares rose over 7 percent on Friday after the company informed stock exchanges that its board has approved plans to foray into auto insurance services through the incorporation of a wholly owned subsidiary. The proposed entity will operate as a corporate agent.
Apollo Micro Systems Ltd
Shares of Hyderabad-based Apollo Micro Systems Ltd (AMSL) rose on Friday after the company said its step-down subsidiary has obtained an industrial licence for manufacturing HMX Cyclotetramethylenetetranitramine with a capacity of 50 metric tonnes per annum and Trinitrotoluene (TNT) with a capacity of 500 metric tonnes per annum.
Shriram Finance
Shares of Shriram Finance rose over 4 percent after Japan’s MUFG said it will acquire a 20% stake in the NBFC for Rs 39,600 crore ($4.4 billion) through preferential allotment of equity shares. This marks the largest FDI in India’s financial sector.
Source – Money Control