Finally, the BSE Sensex ended with a gain of 266 points at 28,773. The BSE Sensex opened at 28,767 touched an intra-day high of 28,872 and low of 28,693.
The NSE Nifty closed with a gain of 90 points at 8,867. The NSE Nifty opened at 8,873 hitting a high of 8,893 and low of 8,837.
The Indian equity market opened over 1% up as US Federal Reserve kept the rates unchanged. The S&P BSE Sensex jumped over 350 points, while the broader Nifty50 went above its key 8,890 level.
At 3:10 PM, the S&P BSE Sensex is trading at 28,795 up 287 points, while NSE Nifty is trading at 8,851 up 74 points.
The BSE Mid-cap Index is trading up 1.38% at 13,293 whereas BSE Small-cap Index is trading up 1.05% at 12,956.
Hero MotoCorp, NTPC, Adani Ports, SBI and Power Grid are among the gainers, whereas Lupin, Axis Bank, TCS, HUL, Coal India and Wipro are losing sheen on BSE.
Some buying activity is seen in oil & gas, utilities, banking, finance, capital goods and auto sectors, while IT and teck sector are showing weakness on BSE.
The INDIA VIX is down 8.89% at 13.4875. Out of 1,864 stocks traded on the NSE, 486 declined, 1,075 advanced and 303 remained unchanged today.
A total of 64 stocks registered a fresh 52-week high in trades today, while 18 stocks touched a new 52-week low on the NSE.
Capri Global Capital Ltd is currently trading at Rs. 255, up by Rs. 32.55 or 14.63% from its previous closing of Rs. 222.45 on the BSE. The company will going to consider sub division of its equity shares in the board meeting to be held on October 10. The company will also consider issue of non-convertible debentures on private placement basis.
NTPC Ltd is currently trading at Rs. 157.05, up by Rs. 3.05 or 1.98% from its previous closing of Rs. 154 on the BSE. The company received shareholders’ approval to raise up to Rs 15,000 crore through issuance of debentures/bonds on private placement basis. The funds would be raised in one or more tranches/series not exceeding 30, through private placement, in domestic market for capex, working capital and general corporate purpose.
Shares of Indian Oil Corp rose as much as 1.1% and Gail (India) Ltd gained up to 1.7% after the companies agreed to buy a combined 49% stake in a liquefied natural gas terminal being built in Odisha.
Larsen & Toubro gained 1.5% to Rs.1493 after the company has signed the principle contract with Vietnam Border Guard valued at USD 99.7 million for design and construction of high speed patrol vessels in India as well as for transfer of design and technology along with supply of equipment and material kits for construction of follow-on vessels at a Vietnam shipyard.
Shares of Federal Bank were trading higher 2.4% at Rs.72.70 on BSE today. Around 33.5 lakh shares were traded in a multiple block at Rs.77.70-77.75 on the BSE.
United Breweries dropped 2.6% to Rs.866. United Breweries said private lender Yes Bank has invoked 19 lakh of its shares worth Rs. 156 crore which were pledged by McDowell Holdings, a unit of Vijay Mallya-led UB Group, as per media reports.
Byke Hospitality gained 1.3% after the company informed BSE that it has acquired properties in Jaipur and Mumbai on long term lease.
GNFC is trading down 0.51%. Gujarat Narmada Valley Fertilisers and Chemicals Ltd (GNFC) said it has entered into a joint venture to set up a wet lime project in Bharuch at a cost of Rs 50 crore.
Reliance Defence and Engineering Ltd advanced 1.7% to Rs.60 after the company said in a notice to BSE that it is the lowest bidder to build 14 fast petrol vessel for Indian coast guard and the order value is Rs.920 crore.
Jyoti Structures Ltd is marginally up by 0.23% to Rs.13. Bondholders of Jyoti Structures are looking to force a bankruptcy on the company if it is unable to seal a deal with the Dubaibased Amin Group in the next few weeks.
Edelweiss Financial Services Ltd slipped 1% to Rs.120 after the company said in a notice to BSE that Edelweiss Group to acquire Ambit Alpha Fund.
ABG Shipyard Ltd rallied 4.4% to Rs.31.75. Lenders to ABG Cement Ltd are in the process of finalizing a debt restructuring package for the company, after a recent management change. Global commodities platform SIMEC Group bought a 51% stake in ABG Cement for Rs.525 crore and initiated a management change in the company earlier this financial year, as per media reports.
Pratibha Industries Ltd zoomed 3.2% to Rs.19.45 after the company said its board approved issuing 235.80 million shares or 70% stake of the company to its lenders via strategic debt restructuring.
IDBI Bank Ltd rose 2% to Rs.74.30 after the company said it sold 6.75 lakh or 1.5% stake of NSE to TIMF Holdings on 21 September.
Sadbhav Infrastructure jumped 14% after the company has approved the allotment of NCDs worth up to Rs.2 billion .
Jain Irrigation rose 1.8% after the company said the promoter releases pledge on 1.3 million shares on September 21.
Nestle India gained 1.2%. Nestle India on Wednesday moved Supreme Court seeking its nod to destroy about 550 tonnes of Maggi Noodles, the stock which was recalled from the markets last year after reports that it contained lead beyond the permissible limit, as per media reports.
Union Bank of India is trading 1.5% higher after the bank has completed the acquisition of 49% shareholding in Union KBC Asset Management Company and Union KBC Trustee Company from KBC Participants Renta and its affiliates.
The rupee opened higher 17 paise at 66.86/$ against US Dollar Thursday as against the previous close of 67.01/$.
The current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1% of GDP, in the June quarter, driven by lower trade deficit on deeper import contraction, the Reserve Bank said.
On the economy front, the Union cabinet also approved the finance ministry’s proposal to advance the general budget’s presentation by a month from the end of February.
Asian markets opened higher on Thursday. Shanghai Composite and Hang Seng are up by 1% each. Japanese markets were closed to observe a local holiday.
Wall Street closed sharply higher on Wednesday after the Federal Reserve kept interest rates unchanged. The Dow Jones industrial average gained 0.90% to close at 18,293.7 points. The S&P 500 rose 1.09% to end at 2,163.12 points, while the Nasdaq advanced 1.03% to close at 5,295.18 points.
The US Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten the monetary policy by the end of this year as the labour market improved further.
The Rs.6,057-crore IPO of ICICI Prudential Life Insurance Company has oversubscribed 10.47 times on Wednesday, the last day of subscription.
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