On Wednesday, 1603 stocks advanced, 2368 declined and 100 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.68, indicating negative closing of stocks in broader markets. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, 147 securities advanced and closed at a new 52-week high whereas 26 securities sank to close at their new 52-week lows. In sectoral indices, Nifty FMCG was the only gainer. Nifty PSU Bank, Nifty Media and Nifty Energy among the biggest losers.
Bharat Electronics (BEL) (+0.80%) secured an order worth Rs850 crore from Cochin Shipyard (CSL) for the supply of indigenous Multi-Function Radar in X Band. This fully indigenous radar designed by DRDO and manufactured by BEL is capable of detecting, acquiring and tracking airborne targets to provide protection to naval ships.
Gravita India’s (-2.95%) step down subsidiary -- Gravita Netherlands BV (GNBV) has executed a Memorandum of Understanding (MoU) with Access Auto Trading SRL to acquire a Waste Tyre Recycling plant in Romania from an existing entity based out in Romania having a capacity of around 17,000 MTPA. This will be the company’s 1st recycling facility in Europe.
Khadim India (-0.52%) entered into a tie-up with Underlinen Fashion House, exclusive licensee and Master Distributor for Puma Socks and other Puma products in India.
Rajoo Engineers (+4.12%) bagged order worth $15 million from one of its overseas customer for supply of plastic extrusion machine. This project will likely contribute to advancements in packaging technology and product shelf life, solidifying the company's leadership in the field.
Aurionpro Solutions (-4.98%) secured landmark order from Panvel Municipal Corporation (PMC), located in the state of Maharashtra, India. As part of this prestigious project, the company has been appointed as the Technology Partner for the Panvel Safe City initiative. This landmark project will involve the installation of advanced surveillance and smart city technologies, transforming the city's safety and security infrastructure. The scope of the project includes the establishment of Data Centers, a state-of-the-art Control Command Center, and Video Analytics capabilities to enable real-time monitoring and faster response times.
Oil and Natural Gas Corporation’s (ONGC) (-3.48%) wholly owned subsidiary -- ONGC Videsh (OVL) along with Oil India (OIL), and Khanij Bidesh India (KABIL) have signed a Memorandum of Understanding (MOU) with International Resources Holding RSC (IRH), UAE, to collaborate globally on the Critical Mineral supply chain. The primary goals of this MoU are to identify, acquire, and develop Critical Mineral projects worldwide, including India.
Reliance Industries’ (-0.69%) subsidiary -- Reliance Retail Ventures and Delta Galil Industries entered into strategic partnership in India. This collaboration, marked by a 50/50 joint venture, aims to redefine the apparel landscape in the Indian market.
Gensol Engineering (+1.02%) and Matrix Gas & Renewables won the project to setup India’s first Green Hydrogen Valley project in Pune. Gensol - Matrix will set up Green Hydrogen production plant on Build Own and Operate (BOO) basis to supply Green Hydrogen to Specialty Chemical sector with the firm offtake for 20 years. This Green Hydrogen valley is being facilitated by National Chemicals Laboratories (NCL), Pune in Kurkumbh region.
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:
