Closing Bell: Nifty ends above 11,050, Sensex up 193 points; Dilip Buildcon gains 14%

SchaefflerIndia said Chief Executive Officer DharmeshArora will take over the new role as Regional CEO Asia Pacific for Schaeffler Group starting October2019.

His successor will be announced in due course, it added.

Managed out of Singapore, the region Asia Pacific is responsible for the business in Japan, Korea and South East Asia, where the Schaeffler Group is just building two new plants in Thailand and Vietnam.

Jubilant Life Sciences said unsecured bonds issued by subsidiary Jubilant Pharma listed and quoted on the official list of the Singapore Exchange Securities Trading Limited on March 6.

The subsidiary had successful completed the offering of rated unsecured bonds of an aggregate principal amount of $200 million, to institutional investors outside India.

NMDC on Wednesday said the board of directors, on March 12, will consider declaration of interim dividend for the financial year 2018-19, if any.

Subex has signed a five-year multi-million-dollar deal with Botswana Telecommunications Corporation Limited (BTC), a leading telecommunications services provider in Botswana. As part of the deal, Subex will be implementing its integrated ROC Revenue Assurance and ROC Fraud Management Platform (iRAFM), along with its ROC Partner Settlement and ROC Route Optimization. This deal also marks the continuation of Subex and BTC’s long-standing partnership thatdates back to 2010.

Tatanet Services, a wholly owned subsidiary of Nelco Limited, Wednesday said it has recently obtained in-flight, maritime connectivity licence from Department of Telecommunications, a move that can improve business productivity for the airlines and shipping companies. Source: PTI

Media and auto are the only sectoral indices that are trading in the red. Nifty Auto is down marginally by 0.05 percent and Nifty Media is down 0.5 percent.

, the measure of volatility is down 1.11 percent intraday at 15.48.

Sensex is up 152.16 points or 0.42 percent at 36594.70, and the Nifty up 51.60 points or 0.47 percent at 11039.10.

All broad market indices are trading in the green. Nifty Midcap is up 0.8 percent and Nifty Smallcap is up 1% intraday.About 1,609 shares have advanced, 647 shares declined, and 122 shares are unchanged.

The Indian Hume Pipe Co has received two Letters of Acceptance aggregating to Rs254.98 Crores (including GST) from Municipal Corporation Raipur, Chhattisgarh.

Natco Pharma Limitedhas recieved Abbreviated New Drug Application (ANDA) approval from the U.S. Food and Drug Administration (FDA) for lmatinib Mesylate Tablets, 100 mg (base) and 400 mg (base). These Tablets will be marketed in the USA by Natco’s marketing partner Lupin, as generic versions of Novartis Pharmaceuticals Corporation's (Novartis) Gleevec Tablets, 100mg and 400mg. lmatinib Mesylate Tablet is indicated primarily for the treatment of patients with specific types of Chronic Myeloid Leukemia (CML).

Small & midcaps make a comeback: 24 stocks feature on analysts' preferred list

In terms of valuations, the Nifty Mid-cap index is now trading at valuations which are similar to or marginally lower than the levels seen in 2014 wherein the first legs of the midcap bull-run started... Read More