Get App
Benchmark equity indices closed higher in a volatile session, helped by gains in Oil & Gas, metal, auto, and public sector bank stocks. The Sensex rose 0.3% and the Nifty jumped 0.48%.
In broader markets, the Nifty Midcap 100 rose 0.54% and the BSE Smallcap inched up 0.06%.
Top gainers among Nifty sectoral indices were were Oil & Gas [2.28%], Metal [1.85%], PSU Bank [1.35%], Auto [0.95%], and Realty [0.57%]. Top losers were Pharma [-0.34%] and FMCG [-0.17%].
The Indian rupee appreciated by 4 paise to close at 83.34 against the US dollar on Tuesday.
Stock in News Today
Adani Group: Shares of Adani Group stock soared on Tuesday after India’s apex court reserved its order to probe the companies based on a US short-seller’s allegations of accounting fraud and stock manipulation. Top gainers among Adani Group companies were Adani Total Gas [19.97%], Adani Green Energy surged [12.25%], Adani Power [12.34%], NDTV [12.12%], Adani Wilmar [9.94%], and Adani Enterprises [8.9%].
Tata Motors: Shares of the company hit a all time high of Rs 699.45 after the automaker said it will raise the prices of its electric vehicles and passenger vehicles from January 2024.
Multi Commodity Exchange of India (MCX): Shares of the company closed 6.9% higher following the announcement of vacancy for the position of managing director and chief executive officer. The selected candidate will assume the role on 10 May 2024, after the current incumbent’s tenure concludes.
Netweb Technologies India (Netweb): The company said that it has become a manufacturing partner for the NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs. Netweb will produce over ten server variations under its Tyrone range of AI systems, targeting a diverse set of AI and high-performance computing applications. The AI systems, based on the NVIDIA MGX modular reference design, will cater to complex workloads including HPC, data science, large language models, edge computing, enterprise AI, and design and simulation.
Dynamatic Technologies: Shares of the company gained 3.8% after the company announced completion of first delivery of Airbus A220 escape hatch door assembly to Airbus Atlantic. Escape hatch door is integrated into the Airbus Atlantic’s A220 Nose Fuselage produced in Mirabel, Canada.
C.E. Info Systems: The company said that its board has approved raising of funds up to Rs 500 crore through qualified institutional placement (QIP). The company will raise funds by way of issuance of equity shares having face value of Rs 2 each for an aggregate amount not exceeding Rs 500 crore or an equivalent amount in accordance with the applicable laws, subject to the receipt of the necessary regulatory approvals.
ABB: The company has launched ABB Ability SmartMaster, a comprehensive asset performance management platform for verification and condition monitoring of instrumentation and field devices in the water, wastewater, chemical, oil & gas, and other industries, in India. SmartMaster gathers, analyzes and verifies diagnostic data from instruments remotely, without interrupting current measurement tasks. The platform can be used with a range of ABB and third-party instruments, such as flow meters, level meters, temperature, and pressure sensors.
United Breweries: The company announced the much-anticipated launch of Heineken Silver Draught Beer in India. The initial launch will see Heineken Silver Draught Beer exclusively available in premium bars and pubs across Mumbai, Thane, and Pune in Maharashtra, with plans to expand to Karnataka in the fiscal year 2024.
Intellect Design Arena: IntellectAI, the WealthTech and InsurTech of the company announced the successful go-live of its relationship-centric, one-stop digital wealth management platform, Wealth Qube at one of India’s premier wealth management firms embarking on a Cognitive Enterprise transformation. The advanced platform enhances the firm’s operational efficiency through Straight Through Processing (STP) and offers end-to-end digital wealth lifecycle management, from customer onboarding and investment planning to portfolio management and order processing.
Bharat Forge: The company said that its joint venture with Premier Explosives, BF Premier Energy Systems, has been struck-off due to prolonged inoperativeness and the inability to achieve its intended objective.
Newgen Software Tech: The company announced that its board has approved to issue 1 bonus equity shares for each share held (1:1). The company has set record date as on Friday, 12 January 2024. The estimated date by which bonus shares shall be credited/dispatched is 26 January 2023. The paid-up equity share capital will increase to Rs 1,40,13,88,020 after the bonus issue from Rs 70,06,94,010.
PTC India Financial Services: The company announced that Geeta Girdher, a senior management personal, has resigned from her role as Chief Compliance Officer (CCO). due to personal reasons. As a result, she was relieved from her responsibilities at the closing hours of November 27, 2023.
Heritage Foods: Rating agency CRISIL has reaffirmed its ‘CRISIL A+/Stable/CRISIL A1’ ratings on the bank facilities of the company. The ratings continue to reflect the company’s strong market position in the dairy business, well-established distribution network, prudent working capital management and healthy financial risk profile.
Goldiam International: The company has received export orders worth Rs 20 crore for diamond studded gold jewellery. The order for diamond studded gold jewellery includes 50% of orders of lab-grown diamonds jewellery and the order will be executed by end of December 2023.
Shalby: The company announced that Sushobhan Dasputa, Vice Chairman and Global President (Non Executive Director) of the company will be retiring on account of superannuation on January 31, 2024.