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Benchmarks equity indices rose, aided by gains in auto, energy and utilities stocks. The Sensex closed 0.14% higher at 61308.91 and Nifty 50 rose 0.29% to close at 18308.10.
Top gainers among sectoral indices were Nifty Auto [2.05%], Commodities [1.35%], Realty [1.28%], Energy [1.27%] and Infrastructure [0.91%]. Top laggards were Nifty Pharma [-0.73%], Private Bank [-0.50%], Bank [-0.40%], Financial Services [-0.24%].
Indian rupee fell 9 paise to 74.24 against the US dollar.
Stock in News Today
Tata Motors Ltd: The automaker plans to manufacture 50,000 EVs in FY2023 and has sounded out vendors, according to people aware of the matter, the Economic Times reported. The company intends to raise production to 1.25-1.5 lakh units in the following two fiscals, the report said.
Ultratech Cement: The company reported 8% rise in consolidated net profit at Rs 1,708 crore for the quarter ending December 2021 as against Rs 1,584 crore in the year-ago period. Its consolidated net sales rose to Rs 12,710 crore from Rs 12,144 crore in the same period last fiscal.
Hindustan Petroleum Corp Ltd (HPCL): The state-owned refiner will lift 45% more oil from Iraq this year to meet its expanded refining capacity, sources familiar with the matter said, according to Reuters news report. The refiner will buy about 64,000 barrels per day (bpd) from Iraq this year, up from 44,000 bpd in 2021, the sources said.
Glenmark Pharmaceuticals: The drug company said its US arm has received tentative approval from the US health regulator for its generic Regadenoson injection. The injection is given during the preparation for a radiologic examination of blood flow through the heart to test for coronary artery disease.
DCB Bank: The private-sector lender has appointed Rupa Devi Singh as its new part time chairman following the retirement of Nasser Munjee from that position. Her appointment is subject to approval from regulatory authorities like Reserve Bank of India and the shareholders of the bank.
KEC International Ltd: The company has secured new orders worth Rs 1,112 crore in transmission and distribution business as well as civil business and cables business. With this, the order inflows for the fiscal year has crossed Rs 14,000 crore.
Bhansali Engineering Polymers Ltd: The company posted a consolidated net profit of Rs 75.71 crore in Q3FY22, down 39% from Rs 123.66 crore in the previous quarter. Its revenue also fell 9% to Rs 341.52 crore in the reported quarter, from Rs 374.84 crore in Q2FY22.
Ajmera Realty & Infra India Ltd: The company has recently launched residential project at Wadala in Mumbai and the total sales value of the project is estimated at Rs 1,500 crore. The project will comprise 540 residential flats and 18 retail shops.
VA Tech Wabag Ltd: The company has won an order worth $100 million towards engineering and procurement activities related to desalination project in city of Dubai in UAE. The order was secured from Green EPC, a subsidiary of Ultico FZC, the water technology firm said in an exchange filing
RattanIndia Enterprises Ltd: The company’s subsidiary Cocoblu Retail has entered into an agreement with Amazon Seller Services Pvt. Ltd. to be an online seller, the company said in an exchange filing. Cocoblu is ready to commence operations on Amazon India marketplace, the company added.