On Tuesday, 1999 stocks advanced, 1938 declined and 117 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.03, indicating positive closing of stocks in broader markets. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, securities advanced and closed at a new 52-week high whereas 16 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Pharma among the biggest gainers. Nifty Media, Nifty Energy and Nifty Metal among the biggest losers.
Motilal Oswal Financial Services (+0.78%) raised Rs170 crore through the allotment of 17,000 Fully paid, Secured, Rated, Redeemable, Listed, Senior Bonds in the nature of Non-Convertible Debentures (NCDs) of face value of Rs1,00,000. The Finance Committee of the Board of Directors of the company at its Meeting held on September 03, 2024 has approved the allotment of the same.
Alkem Laboratories (+0.58%) signed a patent licensing agreement with Takeda Pharmaceutical Company to commercialise Vonoprazan in India. The medication (in strengths of 10 and 20 mg) is indicated in the treatment of reflux esophagitis (RE) and other indications such as gastric ulcers and duodenal ulcers, among others.
Regency Ceramics (+4.99%) planned to acquire 100% stake, by way of purchase of equity shares from its existing shareholders/Promoters of Segno Ceramics (Segno) for a cash consideration, as per the terms and conditions agreed between the Company, Segno and the sellers. The objective of acquisition is to address the company’s immediate production needs and to enhance market presence.
Kaynes Technology India’s (+3.79%) wholly owned subsidiary -- Kaynes Semicon received approval from Union Cabinet to setup a semiconductor unit at Sanand, Gujarat. The proposed unit will be setup with an investment of Rs3,307 crore. The capacity of this unit will be to Assemble, Test, Mark and Packing of 60 lakh chips per day. The chips produced in this unit will cater to a wide variety of applications which include segments such as industrial, automotive, electric vehicles, consumer electronics, information technology, telecom, mobile phones, etc.
Tata Consultancy Services (TCS) (-0.19%) has expanded its partnership with Google Cloud to offer two new cybersecurity solutions for customers. This partnership aims to strengthen cyber resilience for enterprises across industries and empower them with domain-focused innovation with cutting-edge technologies from TCS and Google Cloud.
Hindustan Aeronautics (HAL) (+3.08%) secured order of over Rs26,000 crore inclusive of all taxes and duties for supply of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF) under Buy (Indian) category. The delivery of these aero-engines would start after one year and complete over a period of eight years.
Ramkrishna Forgings (+1.92%) entered into Share Purchase Agreement to sell 100% stake in its Wholly-owned Subsidiary, Globe All India Services to Yatra Online, for a cash consideration of Rs128 crore (net of debt). Globe All India Services has evolved into one of India's leading Hospitality Management Companies, with a diversified portfolio spanning Corporate Travel, MICE (Meetings, Incentives, Conferences and Exhibitions), Leisure and Car Rental.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
