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Market breadth was skewed in the favour of sellers. Around 2,237 stocks fell, 1,712 rose, and 109 remained unchanged on the BSE.
The NSE Nifty and BSE Sensex ended Tuesday at the highest closing level since its inception.
The Nifty 50 moved in 89.4 points range. The Sensex moved in 285.73 points throughout the session.
Bharti Airtel Ltd., Larsen & Toubro Ltd., and Bajaj Auto Ltd. added to the benchmark Nifty 50 index.
Tata Motors Ltd., ITC Ltd., and HDFC Bank Ltd. weighed on the Nifty 50 index.
The NSE Nifty IT rose as much as 0.68% to 43,645.90 as Persistent Systems Ltd., and Mphasis Ltd. led gains.
The NSE Nifty Midcap 150 rose to a life high of 22,320.60. The index settled 0.13% lower at 22,235.35.
The NSE Smallcap 250 ended 0.19% lower at 18,538.30.
Doms Industries Ltd. bought 51.77% stakes in Uniclan for Rs 54 crore, it said in an exchange filing on Wednesday.
Jupiter Wagons Ltd. announced a change in unit name to Jupiter Tatravagonka from Bonatrans India. The company introduced capacity expansion for unit with establishment of new facility, it said in the exchange filing.
PCBL Ltd. amended Nanovace Tech joint venture pact with Kinaltek Pty. The company replaced Kinaltek with Kindia Pty as the join venture partner in Nanovace Tech. The company is to own 51% of the joint venture, while Kindia will hold 49%, it said in an exchange filing.
Bank's board will consider raising up to Rs 200 crore via NCDs on September 20.
Source: Exchange Filing
Kernex Microsystems (India) Ltd. has recovered majority of impacted data with only minimal portion remaining which won't affect regular operations. The company is working with external cyber security agency for recovery of remaining data, the company said in an exchange filing.
India's wholesale price index was at 1.31% in August compared to 2.04% in July. Meanwhile, WPI for June was revised to 3.43% from 3.36% provisional figure reported earlier.
WPI for fuel And power inflation came at 0.67% against 1.72% in July.
For food, the WPI was at 3.26% compared to 3.55% in July. India's August WPI manufactured products inflation was at 1.22% compared to 1.58% In July. India August WPI primary articles inflation at 2.42% compared to 3.08% in July.
Zydus Lifesciences Ltd. through its wholly-owned subsidiary acquired 50% stake in Sterling Biotech Ltd. During the acquisition, Zydus Lifesciences' subsidiary negotiated to buy the right to acquire active pharmaceutical ingredient business of SBL Ltd, the company said in an exchange filing.
The active ingredient business of the Sterling Biotech is a great fit for Zydus Lifesciences' for the former's fermentation based product portfolio. The production unit of Sterling Biotech is located at Masar, near Zydus Lifesciences' step-down subsidiary facility at Dabhasa, Gujarat.
Alkem Laboratories Ltd. incorporated new unit Alkem Wellness Ltd., it said in an exchange filing on Wednesday. The new unit will carry out all sorts of business of drugs, pharmaceuticals, and drug formulations etc.
PN Gadgil Jewellers Shares List At 74% Premium Over Issue Price
Reliance Power Ltd. clarified reports 'Reliance Power Bags 500 megawatt Battery Energy Storage Contract'. The company confirmed participation in request for selection to establish 500 MW/1000 MWh BESS Invited By SECI. Reliance Power is unable to comment on media speculations or movement in stock price.
Alert: BESS Stands For Battery Energy Storage System
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Source: Exchange filing
Piramal Pharma Ltd. received a Science Based Target Initiative's approval for its commitment to reduce green house gas emissions. The company intends to reduce Scope 1 and 2 Green House Gas emissions by 42%, and scope 3 by 25% by financial year 2025-30.
Source: Exchange filing
Market breadth was skewed in favour of buyers. Around 1,634 stocks rose, 1,279 stocks declined, and 144 stocks remained unchanged on BSE.
The yield on the 10-year bond opened flat at 6.76%.
It closed at 6.76% on Monday.
Source: Bloomberg
At pre-open, the NSE Nifty 50 was trading 0.13% or 33.15 points higher at 25,416.90, and the BSE Sensex was trading 0.12% or 95.85 points higher at 83,084.63.
Rupee opened flat at 83.87 against the US dollar.
It closed at 83.88 on Monday.
Source: Bloomberg
The dollar index continued to trade over one-year low ahead of the policy meeting of the US Federal Reserve. The dollar index also hit over one-year low against the Japanese yen on Monday. It was trading 0.06% lower at 100.71 as of 08:54 a.m.
The benchmark 10-year US Treasury yield declined for second session to settled at 3.63% on Monday compared to Friday's close of 3.66%, according to data available on US Department of Treasury. It was trading 3.62% higher as of 08:56 a.m. as per Bloomberg data.
Crude oil prices were trading above $73 a barrel during Asian trade as market participants look forward to the US Federal Open Market Committee's policy meeting. The oil prices shot up on Monday as hurricane Francine kept oil production in the Gulf of Mexico halted.
The November contract of Brent crude was trading 0.45% higher at $73.08 a barrel as of 09:01 a.m. It settled at 72.75 a barrel on Monday, as per data from Cogencis.
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