Get App
Benchmark Indian equity indices closed slightly higher in a volatile session, helped by gains in technology, consumer durables, energy and telecom stocks. The Sensex closed 0.27% higher at 57260.58 and Nifty closed 0.16% higher at 17053.95.
BSE Teck index was up 0.67%, followed by other gainers like BSE Consumer Durables (0.54%), BSE Energy (0.43%) and Telecom (0.26%). Top losers were BSE Utilities (-2.61%), BSE Realty (-1.98%) and BSE Power index (-1.97%).
Indian rupee fell 23 paise to close at 75.10 against the US dollar on Monday.
Stock in News Today
Kotak Mahindra Bank: Shares of the bank rose after RBI had granted approval to LIC to increase its holding in the lender up to 9.99% % of the paid up equity share capital of the bank. The approval is valid for a period of one year.
Reliance Industries Ltd: The oil-to-telecom conglomerate is considering an offer for British telecom company BT Group Plc, the Economic Times reported. Reliance might make an unsolicited offer to buy into BT Group or will try to get a controlling share in it, according to unnamed sources familiar with the matter. Alternatively, RIL may even propose to work with BT’s networking or fibre optic arm and fund its expansion.
Adani Ports and Special Economic Zone (APSEZ): The company in an exchange filing has expressed its disappointment on MSCI’s decision to drop the company from some of its Climate Change indices. However, the company said it will stay completely open to engaging with their investors and with MSCI to ensure complete alignment on the sustainability agenda. Shares of the company closed 2.03% lower.
Asian Paints: The company will invest Rs 960 crore to expand its production capacity of its facility located at Ankleshwar in Gujarat. The manufacturing facility of paint will be increased to 2.5 lakh KL and resins and emulsions to 85,000 MT. The expansion is expected to be completed in the next 2-3 years.
IndiGo (InterGlobe Aviation Ltd): The airline has renewed its partnership with French hospitality group Accor to offer enhanced benefits to its customers. With this partnership, members of IndiGo’s 6E rewards can now avail a 15 per cent discount when they book directly with Accor and earn up to 6 per cent 6E Rewards on any spends across Accor properties in India, Sri Lanka and participating hotels in Maldives, IndiGo said.
Man Industries (India) Ltd: The manufacturing company has received new orders worth about Rs 325 crore. With these new orders, the total order book stood at Rs 1650crore which is expected to be executed in six to seven months.
Shakti Pumps: The company’s board has approved the incorporation of wholly owned subsidiary company to do business in segment of EV motor, EV charger, EV controller, multi application VFD automobiles. Shares of the company closed 6.83% higher.
IndusInd Bank: The bank said that the top management of Bharat Financial Inclusion Ltd, Shalabh Saxena and Ashish Damani have resigned from their positions. However, the board of Bharat Financial, a subsidiary of IndusInd Bank, has decided to defer the consideration to relieve them until an ongoing review is completed.
Ashok Leyland Ltd: Shares of of the company closed 3.5% lower at Rs 121.25 after the company announced that Vipin Sondhi will step down from the position of MD & CEO. The change will be effective from December 31, 2021. Dheeraj Hinduja, chairman will take over as executive chairman with immediate effect.