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Sensex and Nifty closed lower as gains in metal and technology stocks were offset by losses in banking and energy stocks. Sensex closed 0.22% at 58,177.76 and Nifty slipped 0.08% 17,355.30.
Broader markets outperformed benchmark indices as their sectoral indices ended in the green for the third consecutive session.
The BSE Midcap index closed 0.32% higher, while the smallcap index gained of 0.80%.
Indian rupee fell 17 paise to settle at 73.67 against the US dollar.
Stock in News Today
Tata Consultancy Services: The IT major will tie up with Dutch chip maker NXP in improving user experience and accelerate NXP’s digital transformation, said the two companies. TCS will leverage its unique Machine First approach, contextual knowledge of the semiconductor industry and proven capabilities across next-gen technologies such as artificial intelligence and automation that harnesses synergies across the value chain.
JSW Steel: The company’s rating has been revised to positive from stable by Moody’s Investors Service. The outlook change is attributed to JSW’s better-than-expected operating performance this fiscal year and improved liquidity position.
Jet Airways: The airlines is expected to restart domestic operations by the first quarter of 2022, said Jalan Kalrock Consortium, which is an investor consortium. It also expects short haul international operation to be resumed by Q3 or Q4 of 2022.
SpiceJet: The airlines has agreed to a settlement with CDB Aviation, a major lessor of Boeing 737 Max aircraft. The carrier said that it expects to start operations of Max aircraft around the end of September 2021, subject to all regulatory approvals.
Petronet LNG: The gas importer is planning to venture into the petrochemical business again and it is aiming to set up an LNG import facility on the east coast. A floating terminal is likely to come up at Gopalpur port in Odisha and it is also exploring to have an ethane and propane import facility at Dahej terminal.
Adani Transmission: The company’s market cap crossed Rs 2-trillion on the BSE, after its stocks rose 4.23% to close at Rs 1806.75. The company said it possesses adequate liquidity for investment in its transmission network and plans to significantly increase the proportion of its renewable energy.