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Benchmark Indian indices ended in the green, boosted by gains in IT and private bank stocks. Nifty ended 0.14% higher at 17380 and Sensex closed 0.12% up at 58247.09.
Broader markets performed better compared to its larger peers. The BSE Midcap index closed 1.09% higher, while the Smallcap index ended 0.63% up.
The Indian rupee ended flat at 73.02 against the US dollar.
India’s annual wholesale price inflation rose to 11.39% in August, from 11.16% in July, due to rise in fuel cost and manufactured items, government data showed.
Stock in News Today
Tata Motors & Tata Power: The automaker said it has signed a deal with Tata Power to install and operate a 3 megawatt peak rooftop solar project at its passenger vehicle business unit (PVBU) plant in Pune. The rooftop solar project is expected to produce about nearly 45 lakh kilowatt hour per year, reducing carbon emissions by around 3,538 tonnes per year, it said.
Tata Steel: The company has commissioned a 5 tonnes-per-day carbon capture plant at Jamshedpur Works. It will adopt carbon capture technology that extracts carbon dioxide (CO2) directly from the Blast Furnace gas. The company will reuse the captured CO2 site to promote circular carbon economy. Carbon Clean, a global leader in low-cost CO2 capture technology has supported the company to execute it.
Zomato: The online food delivery company has said that its co-founder Gaurav Gupta has stepped down. The latest development comes at a time when the company has shut its businesses in grocery delivery and dietary supplements.
HCL Technologies: The IT services company has signed a partnership deal with HANCOM, a South Korean software company, to share advanced software technology solutions and establish a mutual bridgehead for overseas expansion. HCL will support training for software development at HANCOM’s research and development centre in India.
Zee Entertainment Enterprises: Shares of the company rose 44.98% to touch a high of Rs 270.90 during intraday after top investors Invesco in the company sought the removal of its CEO Punit Goenka. Furthermore, Manish Chokhani and Ashok Kurien has resigned from the position of non-executive non-independent directors of the company.
Ami Organics: The specialty chemicals company had a strong stock market debut. Its shares were listed at Rs 910 apiece on the NSE, a premium of 49% above issue price of Rs 610.