On Monday, 1819 stocks advanced, 2223 declined and 151 remained unchanged, with an advance decline ratio of 0.82 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 160 securities advanced and closed at a new 52-week high whereas 72 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Auto, Nifty PSU Bank and Nifty Energy were among the biggest losers. Nifty Metal and Nifty Media were among the biggest gainers.
Dr. Reddy's Laboratories (+0.03%) made an investment of $620 million in Dr. Reddy’s Laboratories SA, Switzerland (DRL SA), a wholly-owned subsidiary of the company and DRL SA has allotted 6,200,000 non-convertible preference shares each with a nominal value of $100 to the company.
Alphageo (India) (-1.15%) bagged contract from Oil India, Duliajan, Assam for 2D seismic data acquisition in Ganga-Punjab Basin for a contract value of Rs131.63 crore.
Cummins India (-1.52%) launched retrofit aftertreatment system (RAS), an innovative clean air solution that allows customers to use their existing CPCBII and CPCBI gensets, and comply with the latest genset emission regulations.
Rail Vikas Nigam (+0.97%) emerged as the Lowest bidder (L1) from east central railway for ‘design, supply, erection, testing and commissioning of 2x25KV feeder line along the track with 25KV OHE modification works to meet 3000 MT loading target for UP & DN line of Garwa Road -Mahadiya Section of Dhanbad Division under E.C. Railway (Total 229/458 RKM/TKM)’. The cost of work is Rs180 crore including applicable taxes.
Ola Electric Mobility (-2.51%) unveiled HyperService campaign to further strengthen its service network and provide a technology-led, best-in-class after-sales experience. As part of the campaign, the company will double its company-owned service network to 1,000 centres by December 2024.
RailTel Corporation of India (-1.46%) received the work order from Adani Connex for Services amounting to Rs134.47 crore for advanced smart metering infrastructure project.
Gulf Oil Lubricants India’s (-0.54%) promoter -- Gulf Oil International (Mauritius) Inc. has sold 22,00,000 equity shares representing only 4.47% of the total issued and paid-up share capital, in order to increase the free float and liquidity in the secondary market. There is no further dilution in the holding anticipated by the group in the foreseeable future. Post this transaction, Gulf Oil International (Mauritius) Inc, promoter of the company will continue to hold 67.22% in the company.
The U.S. Food and Drug Administration (USFDA) has completed cGMP inspection at Biocon’s (-1.56%) subsidiary -- Biocon Biologics’ insulins manufacturing facility in Malaysia. USFDA had conducted the said an inspection between September 17-27, 2024.
Bharat Electronics (BEL) (-2.85%) received an approval from the Ministry of Corporate Affairs (MCA) for incorporation of ‘BEL IAI AeroSystems’, a joint venture company between Bharat Electronics and Israel Aerospace Industries (IAI), Israel.
HDFC Life Insurance Company (-1.67%) received approval to raise funds up to Rs1,500 crore through non-convertible debentures (NCDs).
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:
