Saturday, December 28, 2024 | 11:16 AM ISTEN Hindi

Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%

CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers

SI Reporter New Delhi

Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%

9:38 AM

MARKET CHECK :: Indices volatile; Sensex down 200 pts

9:37 AM

Panacea Biotec freezes at 20% upper circuit on order worth $127 million

> Biotechnology firm Panacea Biotec has bagged a long-term supply order worth $127.3 million (over Rs 1,040 crore) from UNICEF and Pan American Health Organisation for the supply of its pentavalent vaccine Easyfive-TT.

9:35 AM

Adani Ports and SEZ on NCLT's nod to acquire a 58% stake in Gangavaram Port

>> The NCLT approved the company to acquire a 58.1 per cent stake in Gangavaram Port (GPL) through a composite scheme of arrangement. GPL will become a fully-owned subsidiary of Adani Ports and Special Economic Zone (APSEZ) after the stake purchase. The acquisition of GPL was priced at Rs 6,200 crore.

9:33 AM

Inox Wind rises 1% in a weak market; Co sells equity holdings in 3 SPVs to Adani group

>> Inox Wind through its subsidiary arm, Inox Green Energy Services Limited (IGESL) has sold the entire equity shareholding held in three special purpose vehicles (SPV) -- Wind One Renergy Ltd, Wind Three Renergy Ltd and Wind Five Renergy Ltd to Adani Green Energy Limited, a part of the Adani Group

9:31 AM

Ashok Leyland partners with NCCRD to develop LDI system

>> The commercial vehicle manufacturer joined hands with the researchers at the National Centre for Combustion Research and Development (NCCRD) to develop and commercialise a ‘swirl mesh lean direct injection (LDI) system’ for hybrid electrical vehicle development using turbine technology.

9:29 AM

NMDC flat as company leaves prices unchanged

>> The state-run mining giant left prices of lump ore and fines unchanged for the third time in a row. The price of lump ore was fixed at Rs 4,100 per tonne and that of fines at Rs 2,910 a tonne.

9:27 AM

AU SFB dips around 1% as lender re-appoints R V Verma as its non-executive chairman

>> The private sector lender re-appointed former head of National Housing Bank (NHB) R V Verma as its non-executive chairman. The appointment is subject to the approval of the Reserve Bank of India.

9:26 AM

India Cements falls 4% on profit booking; Co to sell Springway Mining to JSW Cement

>> India Cements on October 10 announced it has entered into in a pact with JSW Cement to divest its entire stake in Springway Mining Pvt Ltd (SMPL) for nearly Rs 477 crore.

9:24 AM

Infosys muted in early deals as analysts say Buyback plan priced-in

>> The IT firm said that the board would mull a proposal for share buyback on Thursday, October 13.

9:22 AM

Street unenthusiastic about TCS' Q2 numbers; stock trades tepid

>> The tech major reported 8 per cent rise in consolidated net profit at Rs 10,431 crore from Rs 9,624 crore, in the year-ago period. Revenue from operations, too, jumped 18 per cent to Rs 55,309 crore in Q2FY23 from Rs 46,867 crore in Q2FY22. However, the operating margin dented to 24 per cent. The board also approved a dividend of Rs 8 per share.