INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Stocks lacked spark on Thursday, but ultimately did a good job by staying positive at the close of the session.
Earnings play
dominated the proceedings, but simmering crude threatened to throw a spanner in the works.
The Sensex bounced 96 points to 34,427 while the
broader Nifty added 39 points to shut shop at 10,565.
Let's see who all made news on Dalal Street today
Metals stocks on fireThe Nifty Metal index spurted 4.52 per cent to end at 3,920.15, with 14 out of 15 constituents ending in the green
Globally, nickel soared 9 per cent to a three-year high on fears that the metal could become ensnared in US sanctions on Russian firms,
although analysts say gains could be short-lived
Aluminium extended its rally to hit its highest level in almost seven years at $2,718 a tonne
Hero, Burmans up bid for FortisFortis Healthcare said it had received an improved binding offer worth Rs 1,500 crore ($228.3 million) from
Hero Enterprise Investment Office and Burman Family Office
The stock closed at Rs 148.15 on the NSE, up 2.28 per cent.
Spurt in open interestNalco witnessed the biggest spike in open interest at
V-Guard Industries (38.05 per cent) and BPCL (27.88 per cent) took the second and third spots, respectively.
Milking gainsParag Milk Foods
climbed 5 per cent after the company acquired the Danone Foods and Beverages India's manufacturing facility of Curd, Yogurt and other
related products at Rai, Sonipat of Haryana
flavoured milk, buttermilk, curd, fresh paneer and yogurt in this region," it said in its BSE filing
The stock closed at Rs 286.50 on the BSE, up 5.12 per cent.
Allied Digital hits upper circuitThe company hit upper circuit limit of 10 per
cent after the company's board today approved one-time settlement of its dues to State Bank of India for Rs 60.34 crore by assignment of
the same to Kotak Mahindra Bank
The stock closed at Rs 23.20 on the BSE.
Reliance Infra wins big order The infra company today received the Letter of Award (LOA) from Rail
Vikas Nigam Limited (RVNL) for its maiden railway project worth Rs 774 crore for construction of third rail line between Jimidipeta and
Gotlam on East Coast Railway on Engineering, Procurement and Construction (EPC) basis
The stock of the company settled nearly 1 per cent higher at Rs 463.80 on the BSE.
JB Chemicals The firm today received an order from Office
of Member Secretary, Pollution Control Committee, Daman, directing the closure of the company's formulation manufacturing facility at
Daman on the ground of alleged deviation of standards of treated waste water released from ETP outlet of the said facility
The stock, however, closed flat at Rs 321 on the BSE, up 0.44 per cent.
Oil prices hit their highest since late 2014Oil prices rose on
Thursday to their highest since late 2014 as US crude inventories declined, moving closer to five-year averages, and Reuters reported that
top exporter Saudi Arabia is seeking to tighten the market
Brent crude oil futures rallied to as high as $74.44 a barrel, the strongest since November 27, 2014, the day Opec decided to pump as much
as it could to defend the market share
READ MORESebi scans FB likes for insider trading leadsTo catch manipulators, markets regulator Sebi has started looking at Facebook
accounts of suspected persons, with 'friends' and 'likes' for posts being scanned in insider trading cases
The watchdog checked their Facebook profiles to ascertain whether they were 'connected' in a case related to violation of insider trading
READ MOREVa Tech Wabag soars on order winThe water technology company today secured an order of Rs 253 crore by Bihar Urban Infrastructure
Development Corporation (BUIDCO) under the prestigious Namami Gange scheme (National Mission for Clean Ganga NMCG)
The stock closed 4.38 per cent higher at Rs 533.30 on the BSE
