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Indian benchmark indices ended higher on Tuesday, boosted by gains is metal, banking and financial services stocks. The Sensex closed up 0.73% to 55958.98 and Nifty closed 0.78% higher at 16624.60
Nifty Metal, Nifty Bank and Nifty Financial Services indices jumped 2.9%, 1.67% and 1.39%, respectively.
Indian rupee gained 3 paise to 74.19 against the US dollar on Tuesday.
Stock in News Today
Tata Steel: The company has signed a MoU with marine transport group Mitsui OSK Lines to develop and implement environmentally friendly shipping solutions. “The objective of the agreement is to reduce greenhouse gas (GHG) emissions in the ocean transportation of raw materials for production of steel. In the initial stage, the partnership will explore the environmental benefits and commercial and operational feasibilities of various technologies,” said Peeyush Gupta, Vice President, Supply Chain, Tata Steel.
Infosys Ltd: The IT major said it has signed a three-year deal with UCAS, the admissions service for UK higher education. The partnership will focus on delivering seamless customer service experiences through innovation and greater automation, it added. Infosys added it will help UCAS achieve it goal of lower costs, enhanced service for students and increased security.
Bajaj Finserv: The company’s shares rose on Tuesday after market regulator SEBI gave an in-principal nod to the company for sponsoring a Mutual Fund. Following this, the company will be setting up an Asset Management Company in accordance with applicable regulations and laws.
Affle India: The company’s shares surged after the company announced that the company’s board will meet on August 26 to consider and approve a share split provided it gets the necessary green signal from shareholders. Affle is expected to sub-divide the face value of equity shares of Rs 10 each to a lower denomination to increase liquidity and make the stock more affordable for the retail investors.