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Shares of the Delhi-based power producer and steel maker rose as much as 14.72 percent to fresh 52-week high of Rs 252 on the back of heavy volumes. As many as 35 lakh shares changed hands on the BSE compared with an average of 9.88 lakh shares traded daily in the past two weeks.
Shares of the Aditya Birla Group telecom operator rose 1.7 percent to Rs 104.45 after its board approved a plan to raise Rs 3,250 crore by allotting shares on a preferential basis to the promoter group entities.
The board also set up a panel to consider options to raise additional Rs 3,500 crore via preferential issue, qualified institutional placement or rights issue, the company said in an exchange filing.
Shares of the Noida-based company rose nearly 5 percent to Rs 25.40 after the Reserve Bank of India has asked ICICI Bank Ltd., the lead lender to Jaiprakash Associates Ltd., to hold off on insolvency proceedings against the debt-ridden company, bankers familiar with the matter said.
Shares of marble and ceramic tile makers rose in a rangebound trading.
Shares of the Mumbai-based technology company rose as much as 14 percent to Rs 283.50 after its subsidiary Cyberinc announced to sell its Identity and Access Management business to KPMG in an all cash deal worth Rs 217.6 crore.
Shares of the Mumbai-based maker of readymade steel for construction industry rose as much as 5.7 percent to Rs 138.50 after its Rs 128 crore institutional share sale closed with investors such as Singapore government, DSP Blackrock and HDFC AMC.
The Nikkei India services Purchasing Managers' Index, or PMI, returned to modest growth in December amid signs of recovery from the effects of new goods and service taxes, or GST.
The GST was introduced in July, causing sluggish demand and lower customer turnout at Indian businesses.
The seasonally adjusted business activity index stood at 50.9 in December, up from 48.5 in November.
A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.
Shares of the Delhi-based construction material maker were locked in a 20 percent uper circuit at Rs 96.50 after Dilipkumar Lakhi bought 1.5 lakh shares (1 percent equity) at Rs 80.93 per shares while Surefin Financial Cons. Pvt Ltd sold 96,000 shares (0.6 percent equity) at Rs 81.01 per share.
Shares of the state-run power producer rose as much as 15 percent to Rs 39.65 after the company informed stock exchanges that its board of directors will meet on Jan. 8 to discuss shares buyback proposal.
Volatility rules in the sovereign bond markets ahead of the government selling the new 10-year note on Friday.
The yield on the current benchmark surged as high as 7.42 percent in the last session but finally ended down 6 basis points at 7.32 percent. In sharp focus will be the cutoff at bond auction tomorrow and the state bond auction calendar.
Traders today see yields in a range of 7.30-7.40 percent.
In the currency markets, the rupee snapped its longest gaining streak since October to close at 63.5350 a dollar. The dollar index is in the green while the closely tracked South Korean won is down 0.2 percent.
Traders expect a lower opening for the rupee and a range between 63.35-63.65 a dollar in the day.
How Indian ADRs fared overnight.https://t.co/gulWd1Y6ZM pic.twitter.com/xuf4ZQ2ghZ
— BloombergQuint (@BloombergQuint) January 4, 2018
Aro Granite Industries
Navkar Corp
Orchid Pharma
Moody's on the Indian banking system. pic.twitter.com/IHugNu4pWs
— BloombergQuint (@BloombergQuint) January 4, 2018
Equirus on FIEM Industries
Equirus on Lumax Industries
IIFL on IRB InvIT
Credit Suisse on India Steel Sector
IIFL on Axis Bank
India, Thailand risk FX manipulator watchlist as reserves swell.https://t.co/RyptlphxeE pic.twitter.com/hZVepqqQht
— BloombergQuint (@BloombergQuint) January 4, 2018
Oil climbed to the highest level in 2.5 years, reports @meenal_v.https://t.co/WB1w2TLcof pic.twitter.com/WfFPDphYTZ
— BloombergQuint (@BloombergQuint) January 3, 2018
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