Indian shares climbed for a second day shrugging off a weak trade in Asian equities as buying by domestic funds countered the relentless selling by foreign institutional investors.
The S&P BSE Sensex gained 0.4 percent to 26,983 while the NSE Nifty advanced 0.3 percent to little over 8,300 – the first time since November 11.
Here are the stocks moving the market this morning:
Wockhardt: Gujarat Plant Gets German Regulator Clearance
Shares of the drug maker jumped as much as 6.2 percent to Rs 715 after it received a European Union Good Manufacturing Practices Certificate from the German drug regulator for its Ankaleshwar plant in Gujarat.
The certificate was awarded to confirm that the manufacturing facility complies with principles and guideline of ideal manufacturing practices, the company said in a statement to the exchanges.
This comes days after Wockhardt's same facility received a warning letter from the U.S. Food and Drug Administration citing four observations and violations.
SpiceJet: Expansion Plans
Shares of the aviation company rose 2.5 percent to Rs 64 on news that the company is close to finalising on order of 92 Boeing Co. 737 jetliners in a bid to expand.
Bloomberg reported that the transaction would more than double Spicejet's 40-plane fleet. The transaction may be concluded in the weeks to come, said a person with direct knowledge of the decision to Bloomberg.
SpiceJet is poised to order at least 92 Boeing 737 jets for $10.1 billion, reports @anuragkotoky & @juliejohnssonhttps://t.co/3ULAIRl6U9 pic.twitter.com/Z9lQ98FMUT
Piramal Enterprises: Foray Into Housing Finance
The company rose 3.7 percent to Rs 1,719 after it announced its plan to foray into retail housing finance market.
The board of the company has already given its subsidiary, Piramal Finance, the approval to make an application to the National Housing Bank in order to incorporate Housing Finance Company as its subsidiary, the company said in an exchange filing.
Reliance Communications
Shares of the Anil Ambani-led company fell 1.7 percent to Rs 34 after two of its promoters pledged around 11 crore shares of the company.
According to a BSE filing, Reliance Communications pledged 8 crore shares worth around Rs 274 crore while Reliance Wind Turbine Installators Industries has pledged a total 3 crore shares worth over Rs 102 crore.
The company owns about 29 percent of its own stake while Reliance Wind Turbine holds a 12 percent in the company, according to Bloomberg data.
GE Power
Shares of the power generation provider rose as much as 5.5 percent to Rs 547 after it won a contract worth Rs 198.8 crore from NTPC-Alstom Power Services.
NTPC-Alstom Power Services is a 50:50 joint venture between NTPC and U.S. based General Electric.
The contract includes a project for the upgradation of a steam turbine at NTPC's Ramagundam Super Thermal Power plant in the state of Telangana.
Tata Motors
Shares of the automaker rose 1.2 percent to Rs 507 after it signed a three-year agreement with lubricants maker Castrol, for supply of commercial vehicle oils to Tata Motors in over 50 markets.
The deal would help Tata Motors expand globally and will help company's products and services to enhance their market share and profitability, it said in an exchange filing.
The stock has a one-year return of about 37 percent.
Sensex, Nifty: Movers & Shakers
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