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Shares of the Bengaluru-based application software maker rose as much as 20 percent, the most in two months, to Rs 82 after its subsidiary Hughes Precision Manufacturing received the license to manufacture and proof test military calibre ammunition under the Arms Act, 1959, IZMO said in an exchange notification.
Shares of the electric storage batteries maker rose as much as 5.8 percent, the most in over three months, to Rs 272.35 on heavy volumes.
Trading volume was 1.5 times its 20-day average, according to data compiled by Bloomberg.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Anil Ambani-led telecom company rose as much as 4.78 percent to Rs 12.05 after it along with its arm GCX annonced plan to expand connected data centres across India
Shares of the Mukesh Ambani-led company rose as much as 0.85 percent to Rs 1,241 after its subsidiary Reliance Industrial Investments and Holdings invested $8 million in NetraDynevia preferential shares.
NetraDyne is a high-end technology driven product, deep learning solutions and vision based analytics business with focus on verticals such as fleet management, automotive, security and surveillance, Reliance Industries said in an exchange notification.
Indian equity benchmarks extended decline dragged by FMCG and auto stocks.
The S&P BSE Sensex fell 0.6 percent or 219 points to 36,432 and the NSE Nifty 50 Index declined 0.5 percent or 55 points to 11,013.
Twelve of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE FMCG Index's 1.5 percent drop. On the other hand, the S&P BSE Realty Index was top gainer, up 1 percent.
Overall market breadth was neutral as 1,135 shares were advancing while 1,090 were declining on the BSE.
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Shares of the Ahmedabad-based renewable energy producer rose as much as 5.61 percent to Rs 47.05 after it won a tender to setup 300MW wind generation project floated by Solar Energy Corporation of India.
The project is expected to be commissioned by the second quarter of financial year 2021. The tender is for Rs 2.76/KWH for 25-year period, Adani Green said in an exchange notification.
Shares of the Bengaluru-based defence equipment maker rose as much as 9.71 percent, the most in nearly two months, to Rs 83.60 after Bank of America Merrill Lynch maintained 'buy' on the stock for target price of Rs 109, implying a potential upside of 43 percent from the last regular trade.
The brokerage in a report said:
Alleged Forgery At A Promoter Entity Adds To 8K Miles’ Woes
Shares of the Delhi-based auto parts maker rose as much as 8.4 percent, the most in over two months, to Rs 388.
Minda Industries board approved setting up a new manufacturing plant of two-wheeler alloy wheel in Maharashtra. The investment will be around Rs 500 crore for the project and production is expected to start from Nov. 2019, the company said in an exchange notification.
Shares of the Mumbai-based private lender rose as much as 4 percent to Rs 228.50 after its board formed a panel to search for new MD and CEO.
Meanwhile, Yes Bank has decided to request the Reserve Bank of India (RBI) for an extension on Rana Kapoor’s term as the bank’s managing director and chief executive officer.
The Indian rupee is likely to open lower tracking Asian peers as investors await government or central bank steps to curb dollar demand.
Implied opening suggests the rupee may start trading at around 72.75 and dealers expect a range of 72.50-73 in the day. Meanwhile, all eyes are set on the U.S. Fed rate commentary.
In the bond markets, higher crude oil prices continue to be a concern while yield on the 10-year benchmark note remains steady at 8.13 percent. The cutoffs at treasury bill auction today will provide insight on the current liquidity situation in the market.
For today, yield on the benchmark note may stay in a range of 8.08-8.15 percent.
UBS on Reliance Industries
Morgan Stanley on Titan
CLSA on Oil & Gas
Credit Suisse on NBFCs
Goldman Sachs on India Financials
Credit Suisse on Two Wheelers
Macquarie on Jubilant Life
BofAML on Bharat Electronics
Morgan Stanley on Eicher Motors
Macquarie
JP Morgan
IDFC Securities
(As reported on Sept. 25)
Stock Market Bulls in India Have Quickly Gone Missing
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