Nifty, Sensex resumes its uptrend- Thursday closing report
Moneylife Digital Team 02 September 2021
We had mentioned in Wednesday’s closing report that Nifty, Sensex may pause for a breather. On Thursday, the indices opened higher and closed with huge gains. On the NSE, there were 1,287 advances, 630 declines and 88 unchanged.
 
The trend of the major indices on Thursday’s trading are given in the table below:
 
 
Aditya Birla Group (ABG) chairman Kumar Mangalam Birla reportedly met with Telecom Minister Ashwini Vaishnaw. The meeting comes at a time when the government is planning some relief measures for the telecom sector. 
 
Automobile manufacturer Mahindra and Mahindra will observe seven 'No Production Days' in September due to the supply shortage of semiconductors. 
 
Sun Pharma Advanced Research Company board approved fundraising via issuing of equity shares or other instruments for an aggregate consideration of up to Rs 1,800 crore.
 
HDFC Life Insurance board will consider fundraising at its meeting on September 3. 
 
Shares of Morepen Laboratories surged nearly 11% after it announced to transfer its medical devices business to a wholly owned subsidiary.
 
Kitex Garments proposal submitted before the Government of Telegana towards expansion plan has been approved.
 
Just Dial board has approved the allotment of 2.12 crore equity shares of the company of face value of Rs 10 each fully paid-up by way of preferential allotment on a private placement basis for cash consideration to Reliance Retail Ventures at a price of Rs 1,022.25 per equity share aggregating to Rs 2,165 crore.
 
Adani Ports cargo volume for August 2021 increased by 21% to 23.32 MMT on year-on-year basis.
 
The lenders of Reliance Naval and Engineering Ltd. (RNEL) are staring at a haircut of around 95 per cent, as all the three bidders have submitted exorbitantly low bids for the company.
 
The Madras High Court on a representation of the non-life insurance sector body, the General Insurance Council, has kept its earlier order in abeyance on the compulsory bumper-to-bumper insurance cover for five years for all new cars and two wheelers.
 
The Reserve Bank of India (RBI) imposed a penalty of Rs 25 lakh on Axis Bank for violation/non-compliance of Know Your Customer (KYC) regulations.
 
TP Saurya Limited (TPSL), a wholly owned subsidiary of Tata Power, bagged an order from Rewa Ultra Mega Solar to build 330 MW of solar project in Neemuch Solar Park of Madhya Pradesh.
 
Adani Green Energy raised USD 750 million through a 3 year issuance at a fixed coupon of 4.375%.
 
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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