Nifty, Sensex moving sideways - Wednesday closing report
Moneylife Digital Team 08 September 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex may give up some gains. On Wednesday, the indices were volatile and ended flat. On the NSE, there were 1,062 advances, 918 declines and 1 unchanged.
 
The trend of the major indices on Wednesday’s trading are given in the table below:
 
 
Maruti Suzuki’s production numbers for August 2021 showed decline of 7.9% at 1.14 lakh units against 1.24 lakh units in the same period last year.
 
Adani Power Maharashtra was declared as successful bidder for commercial mining of Gondkhari coal block in Maharashtra.
 
Sun Pharma has forayed into the nutrition bar segment with the launch of Revital NXT.
 
In its first case it has heard and dealt with under the IT Act 2000, the Rajasthan government imposed a fine of Rs 27 lakh on telecom company Vodafone Idea Ltd (VIL) on a data leak matter.
 
PSP Projects received a letter of intent for projects worth Rs 132.57 crore towards industrial and precast segment from different clients in Gujarat.
 
Life Insurance Corporation of India sold more than 2.07 lakh equity shares of ICRA via open market transaction, reducing shareholding to 5.81% from 7.96%.
 
Caplin Point Labs subsidiary Caplin Steriles was granted final approval by the USFDA for its Labetalol Hydrochloride Injection which is used for control of blood pressure in severe hypertension.
 
JSPL through its step-down subsidiary, Jindal Steel & Power (Australia) Pty Ltd, made a pre-payment of USD 105.66 million to reduce the Australian debt by approx. 50%.
 
Biocon and its subsidiaries have entered into a confidential settlement agreement with Celgene Corporation relating to patents for REVLIMID.
 
Ratnamani Metals & Tubes received a domestic order of Rs 148.95 crore for supply of carbon steel line pipes from Oil & Gas sector.
 
Ramkrishna Forgings bagged an export order worth Rs 130 crore from an OEM in a CIS country for the period of three years.
 
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:
 
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INDIAN MARKET TRENDS
From 27th August to 2 September 2021, ML Mega-cap Index rose 4%. The NIFTY, ML Large-cap Index, the Sensex, ML Mid-cap Index and ML Small-cap Index rose 3% each. ML Micro-cap Index and rose 2%.
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