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The top gainer on the Nifty today was Wipro, which ended 4.4% higher at another record high.
Among the sectoral indices, it was the banking stocks that outperformed in today's session. The Nifty Bank ended 2.8% higher, courtesy gains seen in ICICI Bank (up 4%), Axis Bank (up 3.8%), SBI (up 3.7%) and HDFC Bank (up 3.6%). The four banking stocks were among the top five gainers on the Nifty 50.
The PSU Bank index too saw a surge in the second half, ending as the day's best performer with gains of 3.1%.
Most other sectoral indices ended with losses in today's session. The Nifty Realty was the top laggard, ending 1.6% lower, along with the Nifty Pharma, which declined 1.3%.
Broader markets remained subdued, underperforming the benchmarks yet again. The midcap index ended 0.3% lower while the smallcap index declined 0.2%.
India Volatility Index ended unchanged today at 20.38.
875 stocks on the NSE ended with gains while 966 stocks declined.
Dubai-based Averda is making an entry into India for managing municipal and farm waste in the city of Amritsar to offer a solution to the deadly smog caused by stubble burning.
The waste management solution provider is the latest among companies that are attempting to cut the practice of farm fires, Bloomberg News reports.
The burning of crop residues is seen as a major contributor to the smog that shrouds most of north India during the winter months, raising risk of heart and lung diseases. The practice still continues even if the government has made it illegal.
The company has informed the exchanges that it has emerged as the L1 bidder for three tenders received from Prasar Bharti, East Zone.
The orders pertain to design, supply, erection, testing and commissioning of 100M self-supporting lattice steel tower.
The contract is valued at Rs 6.7 crore, the company said in a statement to the exchanges.
The company has also received orders worth about $1 million for supply of telecom towers to Burkina Faso and Nigeria. These orders are won under the Tower Supply Agreement signed with the American Tower Corporation, Africa.
Shares recovered from the day's low to gain as much as 1.2% to Rs 211, post the announcement.
The company informed the exchanges that it has won an order from a government customer, for an annual maintenance contract for an approximate value of Rs 40 crore. The contract is for a period of five years, the company said in an exchange filing.
It has also received an export order for the supply of its simulators to an army in West Africa. The contract is valued at $1.4 million and has been partially executed.
The statement further stated that the company received an order for supply of the company's simulators to a Middle East country for about $7 lakh. The order is expected to be executed during the third quarter of FY21.
Both export orders aggregate to Rs 15.5 crore, the company said.
Shares gained as much as 3.6% to Rs 84.2, post the announcement. The stock is up for the second straight day.
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Shares gained as much as 13% - the most since December 2016 to Rs 517.6 - the highest level in nearly seven months.
Shares are off the day's low after falling as much as 2.7% to Rs 110.45. The stock has snapped a three-day gaining streak.
Today is the final day when shareholders of the company can tender their shares as part of the reverse book building process for delisting the stock from the bourses.
The company on Thursday said that certain brokers registered with the BSE are not allowing public shareholders to place their bids above the floor price.
Listing regulations suggest that public shareholders may submit their bid at any price - at or above the floor price.
As of closing on Thursday, close to 74 crore shares were tendered by the shareholders.
Shares fell as much as 5.5% to Rs 111.4 and are declining for the third straight day. The stock had declined 15% as on Thursday, over the last two trading sessions.
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IDL Explosives Limited., the wholly-owned subsidiary of GOCL Corporation has won an order from Singareni Collieries Company.
The order, worth Rs 186.8 crore is to supply explosives and accessories over a period of two years, the company said in an exchange filing.
Singareni Collieries is a PSU of the state of Telangana. The cost of the project also involves an escalation clause, according to the company's statement.
Shares gained as much as 9.1% to Rs 196, post the announcement. The stock has snapped a two-day losing streak.
Shares gained as much as 8.7% - the most in nearly three months to Rs 381.9. The stock has gained in three out of the last five trading sessions.
The company informed the exchanges that it has received an order worth Rs 447 crore from the government of Telangana.
The order pertains to the supply of bulk explosives and initiating systems, the company said in an exchange filing.
This is the second order won by the company in the space of one week. It had won a Rs 409 crore order last week for the supply of grenades.
Shares gained as much as 8.4% to Rs 1,160 - the highest level in over a month. The stock has snapped a three-day losing streak.
The company has said that it has managed to achieve highest ever quarterly deliveries of 5.05 million tonnes in India.
Deliveries for Tata Steel Europe remained largely flat at 2.26 Million tonnes.
Production for the India unit stood at 4.59 million tonnes while that for the European business stood at 2.15 million tonnes.
"We continue to stay focused on aggressively managing costs and cashflows," the company said in an exchange filing.
Automotive and Special Product segment of the company saw deliveries rising by 10%, while that for Branded Products and Retail grew 5% as compared to last year.
The outperformance came from Industrial Products & Projects. Deliveries of this segment rose 13% compared to the previous year while value added product deliveries within this segment rose 31%.
Shares gained as much as 3.6% to Rs 386.95, post the announcement and are up for the second straight day.
The steelmaker managed to achieve crude steel production of 3.85 million tonnes in the second quarter of FY21, it said in a filing to the exchanges.
The company achieved average capacity utilisation in-line with pre-Covid levels. Utilisation levels for the quarter stood at 86% as compared to 85% during the same period last year. Levels during the first quarter of FY21 stood at 66%.
Production of Crude steel stood at 3.84 million tonnes - a growth of 30% as compared to the April-June Period.
Production of Flat Rolled Products (FRP) saw a growth of 5% year-on-year to 2.84 million tonnes while that of Long Rolled Products (LRP) declined 7% to 0.77 million tonnes.
Shares gained as much as 1.8% to Rs 298.35, post the announcement. The stock is up for the sixth straight day and trading at the highest level since May 2019.
The company informed the exchanges on Thursday that it has successfully commissioned a grey cement grinding capacity of 0.7 Million Tonnes, at its Balasinor plant in Gujarat.
With this, the company has successfully completed its Grey Cement Capacity expansion of 4.2 Million Tonnes Per Annum, the company said in an exchange filing.
It now has 2 MTPA grey cement capacity in Rajasthan, 1.5 MTPA in Uttar Pradesh and 0.7 MTPA in Gujarat.
Shares gained as much as 5.8% to an all-time high of Rs 1,680. The stock is up for the sixth straight day, its longest winning streak in three months.
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The private lender informed the exchanges on Thursday that it has received an indicative, non-binding offer from the Clix Group.
The bank on September 16 had stated that substantial portions of the due diligence process of the amalgamation between the two parties is completed.
A preliminary non-binding Letter of Intent (LoI) for investment in the bank was signed by Clix Capital in June this year.
Shares gained as much as 16.3% to Rs 20.7, post the announcement. The stock had ended with gains of over 7% on Thursday as well.
Indian equity markets have opened little changed on the Final trading day of the week, ahead of the monetary policy decision by the Reserve Bank of India.
The S&P BSE Sensex has opened 0.1% higher at 40,226 while the NSE Nifty 50 has opened at 11,852 - up 0.15%. Both Sensex and Nifty gained for the sixth straight day on Thursday, ending at the highest level in close to eight months.
The Sensex & Nifty are just under 3% away from erasing their losses for 2020.
Most sectoral indices have opened with a positive bias. The Nifty Metal index is up 0.6% while the Nifty Bank index is up 0.5% at the start of trade. Other indices have opened little changed.
Broader markets - which have been underperforming over the last two sessions have opened with modest gains. The Midcap index is up 0.2% while the smallcap index has gained 0.3%.
932 stocks on the NSE have opened with gains while 459 stocks are declining.
Source: ICICI Direct
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