Sensex, Nifty Rise For Third Day Led By I.T., FMCG, Power Stocks
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India's stock benchmarks advanced, aided by gains in information technology, fast moving consumer goods, power and realty stocks. The S&P BSE Sensex and NSE Nifty 50 logged gains for the third consecutive sessions as concerns eased over the omicron strain after preliminary data from three studies showed that hospitalisations due to the variant may be less likely than that of the delta variant.
Sensex rose 0.68% to 57,315.28. This is the first time the 30-stock gauge reclaimed the 57,000 mark after December 17. Sensex rose nearly 1% in intraday trade and reached within touching distance of 57,500. The NSE Nifty advanced by similar magnitude to 17,072.60. The 50-stock gauge reclaimed 17,000 mark after three sessions since Friday.
Power Grid Corp. of India had the largest increase, rising 3.4%. Today, 36 of 50 shares rose, while 14 fell.
The broader indices almost mirrored their larger peers with S&P BSE MidCap rising over 1% and S&P BSE SmallCap adding 0.73%. Barring S&P BSE Telecom and S&P BSE Metal indices, all the other 17 sectoral indices compiled by BSE Ltd. advanced, with S&P BSE Realty gaining over 2%.
The market breadth was skewed in the favour of bulls. About 2,195 stocks advanced, 1,123 declined and 131 remained unchanged.
Air France-KLM, IndiGo To Start Codeshare Pact In February 2022
The partnership with IndiGo will offer customers of Air France and KLM access to 25 new Indian destinations, the two companies said in a joint statement Thursday.
The Air France-KLM agreement will open up more that 250 destinations for IndiGo customers (120 in Europe, 50 in Americas)
Partnership likely to start in February, pending government approval.
Ami Organics Jumps Over 12% After Its Announces Plans To Expand Pharma Intermediate Business
Shares of Ami Organics Ltd. rose over 12.6% to Rs 983.7 apiece after the company announced plans to restructure one of its Gujarat factories to achieve better utilisation from pharma intermediate business and improve operational efficiency.
The current production operations of speciality chemical business at Ankleshwar facility will be moved to Jhagadia facility in Gujarat.
The company has already received the environment clearance for the proposed restructuring plans.
Group Of Dish TV Investors Accuse Largest Stakeholder Yes Bank Of 'Unlawful Acts
Dish TV served a copy of the petition filed by a group of shareholders against the company and Yes Bank.
Petition seeks a declaration that Yes Bank is committing unlawful acts resulting in gross mismanagement of Dish TV.
Dish TV to consider next steps in the matter.
Source: Dish TV Exchange Filing
Hero Motocorp To Hike Prices Of Motorcycles & Scooters Up To Rs 2,000 From January 24
Hero Motocorp has announced that it will hike the prices of its motorcycles and scooters up to Rs 2,000 from January 4, 2022.
In an exchange filing, the company said that the price revision has been done to partially offset the impact of rise in commodity prices.
The exact quantum of increase will depend on the model and market.
Source: Exchange Filing
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Ministry Of Corporate Affairs Approves Name Change Of Shriram Transport Finance Company To Shriram Finance
S&P BSE Telecom Index Declines
Mid-Day Market Update: Sensex, Nifty Edge Higher; ITC, Power Grid Advance
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Man Industries Advances 6% On Rs 225 Crore Order Win
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Sensex, Nifty Advance; India Oil, Power Grid, Adani Ports Advance
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CMS Info Systems IPO Subscription Status: Day 3 Live Updates
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India Yield Curve Steady, Stocks Advance
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Zomato Sheds Over 2% After App-Based Workers Seek To Be Recognised Under Labour Laws
S&P BSE Consumer Durables Index Up Over 1%
Nucleus Software Exports Jumps The Most In Three Months
Nine Of The 10 Constituents Of NSE Nifty IT Index Advance
Infosys' Climbs To A Record
MedPlus Health Lists At 30.65% Premium To Issue Price On Market Debut
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Nifty Realty Index Up Nearly 2%
Great Eastern Shipping Jumps The Most In Nearly Four Months
Zee Entertainment Advances As Analysts Hail The Proposed Merged Deal With Sony Pictures A 'Win-Win' Situation
Opening Bell: Sensex, Nifty Open Higher; Adani Ports, Zee Entertainment Advance
Rupee Bond Traders To Weigh RBI Minutes For Cues
SGX Nifty Hints At Opening Gains; Zomato, Zee, Vedanta, MedPlus Listing In Focus
- CMS Info Systems IPO Subscription Status: Day 3 Live Updates
- Zomato Sheds Over 2% After App-Based Workers Seek To Be Recognised Under Labour Laws
- MedPlus Health Lists At 30.65% Premium To Issue Price On Market Debut
- Jubilant Foodworks Jumps As Morgan Stanley Expects Price Hike By Domino's To Offset Margin Pressure
- Zee Entertainment Advances As Analysts Hail The Proposed Merged Deal With Sony Pictures A 'Win-Win' Situation