The benchmarks Nifty 50 and the Sensex ended the session in the red, slumping from early session highs.
2/11
Restaurant Brands Asia | CMP: Rs 107 | Shares surged 3 percent after as many as 1.07 crore shares or 2.1 percent equity worth Rs 113 crore changed hands at Rs 105 per share in a block deal.
3/11
Reliance Infrastructure | CMP: Rs 283 | Shares gained 20 percent after the company settled and paid its entire obligations with Edelweiss Asset Reconstruction Co Ltd (Edelweiss) concerning the Non-Convertible Debentures issued by the company.
4/11
Nifty IT | The IT index fell 0.2 percent dragged by Infosys, TCS, and HCLTech. The IT sector's decline followed Accenture's 5 percent drop in share price on September 17 on news that the company will delay promotions by six months due to a challenging consultancy environment. Analysts also attributed the decline in the IT pack to profit booking considering the sector's outperformance, especially in the past three months.
DCM Shriram Industries | CMP: Rs 199.5 | The stock surged over 4 percent after the BSE issued 'no adverse' observations for the company's proposed merger plan. A year back, Shriram Group had approved a scheme of arrangement to amalgamate Lily Commercial with DCM Shriram Industries. The board has approved the demerger of DCM Shriram Industries into two separate entities: DCM Shriram Fine Chemicals and DCM Shriram International.
6/11
REC | CMP: Rs 546 | The stock climbed over 3 percent after the company signed non-binding MOUs with RE developers aggregating about Rs 1.12 lakh crore at the 4th Global Renewable Energy Investors Meet & Expo in Gujarat.
7/11
Torrent Power | CMP: Rs 1,931 | The stock gained over 9 percent after it received a Letter of Intent from Maharashtra State Electricity Distribution Company for procurement of 1,500 MW energy storage capacity from the Pumped Hydro Storage Project.
8/11
Vakrangee | CMP: Rs 22 | Vakrangee share price rose 7 percent after the company announced a strategic corporate agency tie-up with Star Health & Allied Insurance.
Inox Wind | CMP: Rs 223 | Inox Wind shares gained after the company received a Letter of Intent (LoI) from IGREL Renewables Ltd (IGREL) for execution of 550 MW wind capacity on turnkey basis.
10/11
SBI Cards | CMP: Rs 780 | SBI Cards and Payment Services shares fell 1.6 percent after it said it will raise Rs 5,000 crore via issue of non-convertible debentures (NCD). The cards and payment company's board approved the private placement of securities in one or more tranches, it said in a filing to stock exchanges.
11/11
ZEE | CMP: Rs 135 | Zee Entertainment has refuted all claims by Star India Private Limited, including the $940 million, or nearly Rs 8,000 crore sought in damages, after Star filed a 'Statement of Case' before London Court of International Arbitration (LCIA), in which it declared termination of the alliance agreement. Shares of Zee settled lower.
