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Shares of the Noida-based IT company rose as much as 2.44 percent to Rs 1,043 after it expanded strategic IT partnership with Barclays.
HCL Technologies will start new operations centre in Lithuania and deal will be concluded first quarter of calendar year 2019, HCL Technologies said in a press release.
Shares of the Mumbai-based drugmaker rose as much as 2.5 percent to Rs 1,950 after the U.S. drug regulator closed inspection of its St. Louis plant in U.S. with one observation.
In response to Form 483 issued by U.S. FDA has containing one observation, the company has submitted a detailed corrective and preventive action (CAPA) plan to the regulator within the stipulated timelines, Alkem Labs said in an exchange notification.
Shares of the Gujarat-based tiles maker rose as much as 5.93 percent, the most in over a week, to Rs 209.
The company’s board approved issuance of 20 lakh convertible warrants to non-promoters of the company — Santario Ceramics and Oxento Ceramics at Rs 245 per convertible warrant, Asian Granito said in an exchange notification.
Indian equity benchmarks were trading on a weak note weighed down by selling pressure in financial services and metal shares.
The Sensex fell 0.36 percent or 131 points to 36,109 and the NSE Nifty 50 Index slipped 0.25 percent or 27 points to 10,856.
Eight of 11 sector gauges compiled by BSE were trading lower dragged by the Nifty Financial Services Index's 0.8 percent drop. On the other hand, the Nifty IT Index was top gainer, up 1.4 percent.
Akhilesh Ranjan, member of Central Board of Direct Taxes and Convenor of task force on Direct Tax Code says:
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Source: Bloomberg
Shares of the Mumbai-based airline operator rose as much as 2.92 percent to Rs 315 after it suspended lounge facility for privilege customers on economy class as it looks to cut costs.
Complimentary lounge access for JetPrivilege Platinum, Gold and Silver members travelling in economy class has been “temporarily suspended” starting this month, Jet Airways said on its website.
The Mumbai-based construction company rose as much as 3.84 percent to Rs 115 after its subsidiary signed an agreement with NHAI for four-laning of Sattanathapuram to Nagapattinam section on National Highway 45A in Tamil Nadu, Welspun Enterprises said in an exchange notification.
The bid project cost of the project stood at Rs 2,004.51 crore.
Shares of the Delhi-based flexible packaging company rose as much as 6.8 percent, the most in over a month, to Rs 297.
Its subsidiary FlexFilms has received the U.S. patent that covers entire categories of BOPET films. The company got the exclusive rights of manufacturing of the special film in the U.S., Europe and India.
Shares of the lubricating oil manufacturer rose as much as 15.75 percent, its biggest intraday jump in over two years, to Rs 882 after domestic brokerage Emkay initiated coverage on the stock with a 'Buy' for target price of Rs 1,150.
Emkay in a note said that strong volume growth trajectory is leading to market share gains and margins are likely to recover with proactive pricing, premiumisation and softer base oil prices.
The brokerage expects better sector outlook with premiumisation opportunities.
Emkay on Gulf Oil
UBS on UltraTech Cement
Edelweiss
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Morgan Stanley
Jefferies
CLSA
UBS
(As reported on Dec. 3)
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The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.1 percent or 11 points to 10,927 as of 7:50 a.m.
Asian stocks fell with American futures on Tuesday after confusing signals over U.S.-China trade talks. The inversion of a portion of the Treasury yield curve for the first time since 2007 reinforced the impression that markets are approaching the end of the current cycle.
Stocks dropped in Japan, Korea and Australia and fluctuated in China, while the yen advanced and Treasuries edged up.
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