Broadly positive global cues, consumer durables and capital goods stocks, pushed key Indian equity indices to trade at fresh highs during the mid-afternoon trade session.
Rupee weakened by 10 paise to 63.94 against the US dollar in early trade at the interbank foreign exchange on increased demand for the American currency.
Key Indian equity indices opened at fresh highs during the early morning trade session, with healthy buying observed in oil and gas, energy and consumer durables stocks.
Equity indices traded at fresh highs during the mid-afternoon session buoyed by broadly positive Asian indices, coupled with upbeat quarterly corporate earnings.
Key Indian equity indices traded at fresh highs during the mid-afternoon session, with both the BSE Sensex and Nifty50 scaling record intra-day highs as well.
Sensex continued its record-setting spree for a second day, scaling a new high of 35,476.70 as banking stocks led rally on sustained foreign fund inflows.
The rupee strengthened by 5 paise to trade at 63.83 against the dollar at the Interbank forex market today on sustained foreign capital inflows.
Optimism around quarterly corporate earnings, along with healthy buying in IT, banking and capital goods stocks, lifted the equity indices to trade at fresh high levels.
Rupee spurted to a high of 63.75 in morning session before trading at 63.95 against the US dollar, up by 9 paise, on sustained bouts of dollar.
Shares of information technology companies surged in the morning trade even as the broader market was trading with marginal gains.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)