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Shares of the Bengaluru-based bio pharmaceutical company rose as much as 6.4 percent, the most in over a month, to Rs 664.15 on heavy trading volumes.
Trading volume was 3.6 times its 20-day average.
Shares of the construction company snapped a three-day decline and rose as much as 3.9 percent to Rs 815.
The company received a Letter of Acceptance for a mining project, valued at Rs 717.45 crore, according to its stock exchange notification.
The stock declined 19.5 percent so far this year compared to a 13.2 percent advance in the Sensex.
Lakshmi Iyer, CIO (Debt) at Kotak Mutual Fund told BloombergQuint in an interview that Reserve Bank of India has not taken any meaningful steps to contain the rupee fall and that is plaguing the debt markets.
Key highlights of the conversation:
Rupee Breaches 72 Against U.S. Dollar For First Time
Aurobindo Pharma Acquires Sandoz’s Dermatology, Oral Solid Business In U.S. For $900 Million
Shares of the Bhubaneswar-based aluminium manufacturer fell as much as 7.3 percent, the most in over four months, to Rs 70.80 on fears of alumina price correction as Norsk Hydro looks to open mines.
Norwegian aluminum maker Norsk Hydro on Wednesday said that it had signed two deals with Brazilian authorities which could pave way for a resumption of full output at the company’s Alunorte alumina refinery that was accused of polluting the environment, Bloomberg reported.
Nifty Bank's 27,500 call option contract was among the most active option contracts on the National Stock Exchange ahead of weekly expiry.
Premium on the contract fell 51 percent to Rs 25. Over 17 lakh shares were added to the open interest which stood at 27.33 lakh shares.
Shares of the Hyderabad-based software company fell as much as 3.6 percent to Rs 98.10 after Aspire Emerging Fund sold 1 lakh shares or 0.59 percent equity at Rs 105.09 apiece, according to data availble on stock exchanges.
Shares of the Rewa-based telephone cables maker fell as much as 4.8 percent, the most in nearly a month, to Rs 1,465.15 after it was placed under the Additional Surveillance Measure framework.
Shares of the Ahmedabad-based textile manufacturer and exporter surged as much as 19.3 percent, the most in nearly two years, to Rs 92.75 after it received sanction for subsidy under the Gujarat State Textile Policy, 2012.
The company expects to save Rs 65 crore on account of interest and power subsidy over a period of five years starting from December 2016. Further, the company is entitled to a GST / VAT refund up to Rs 340 crore till 2024, Nandan Denim said in a press release.
Shares of the Delhi-based provider of finance for urban infra and housing projects rose as much as 14.5 percent, the most in over a year, to Rs 63.80 after its profit more than doubled in April-June quarter.
Key earnings highlights:
The rupee may move further away from the record low it touched on Wednesday as emerging market currencies are witnessing a broad recovery.
The implied opening from forwards suggests that the pair may start trading around 71.53 a dollar. In the day, the currency may move in a range of 71.10-71.80 a dollar.
The small recovery in the rupee may also help sovereign bonds. Yield on the benchmark 10-year note is trading at 8.05 percent after rising as much as 8.11 percent in the last session. Dealers expect the yield to stay broadly in a range of 8-8.05 percent in the day.
Aurobindo Pharma’s U.S. arm will acquire dermatology and oral solids businesses from Sandoz Inc., U.S., Aurobindo Pharma said in an exchange filing. The acquisition is for an upfront purchase price of $0.9 billion in cash, the filing added.
Key highlights:
CLSA on Reliance Industries
Morgan Stanley on Zee Entertainment
JPMorgan on NMDC
Nomura on Tata Motors
Credit Suisse on Bharat Forge
Credit Suisse on Avenue Supermarts
CLSA on Two-wheelers
UBS
Antique
Last Trading Day Under ASM Framework
Hudco (Q1, YoY)
SREI Infrastructure (Q1, YoY)
JPMorgan, BlackRock Warn Contagion Hitting Emerging Markets
Here are some events coming up during the remainder of this week:
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