The indices of the Benchmark extended gains for the second straight session on Wednesday amid a choppy trading session. The gains were capped ahead of the US FOMC policy outcome, which kept the traders on the tenterhooks. Sensex added 139.91 points, or 0.24 per cent, to 58,214, or 139.91 points. 59, while Nifty 50 gained 44.40 points, or 0.26 per cent, to 17,151. Broader markets were mixed as the BSE smallcap index rose by half a per cent, while the BSE midcap index was slightly higher at the close. India VIX fell by about 2 per cent to 14.80 level at the end of the session.
Here is a look at stocks that are likely to remain in news today.
The floor price for the OFS has been fixed at Rs 2,450 per share, which will be offloaded up to 3.5% in Hindustan Aeronautics Ltd HAL.
Coromandel International has entered into specialty and industrial chemicals, expansion into crop protection chemicals, and foray into CDMO.
The Sportskeeda subsidiary of Nazara Technologies has announced the acquisition of the Pro Football Network, the third NFL publisher in the US.
The board of directors has appointed a director of catering services of the company, Dr Lokiah Ravikumar. Lokiah Ravikumar has 37 years of experience in the hospitality industry, covering catering and tourism businesses.
The Dibang Power consortium, a joint venture between GR Infraprojects and Patel Engineering, has emerged as a L-1 bidder for the construction of civil works for LOT 4 consisting of head race tunnels including intake, pressure shafts, penstocks, power house transformer cavern, tail race tunnels, pothead yard, adits, etc. In Arunachal Pradesh, the Dibang Multipurpose Project has 2880 MW 12 X 240 MW for the Dibang Multipurpose Project.
Nippon Life India Trustee has sold 92,000 equity shares or 0.26 percent of the pumps and valves manufacturer via open market transactions. Nippon's stake in the company fell to 2.98 percent from 3.24 percent.
Small Cap World Fund Inc sold 12.5 lakh shares or 0.78 percent of the ceramic and vitrified tiles manufacturer via open market transactions, at an average price of Rs 1,040. Per share, there is 03 per share. The transaction was worth 130 crore. Small Cap World Fund Inc owned a 1.06 percent stake or 16.88 lakh shares in the company as of December 2022.
Power Grid acquired Khavda RE Transmission Ltd, the project SPV to establish transmission network expansion in Gujarat associated with the integration of RE projects from Khavda potential RE zone.
Hero MotoCorp will make an upward revision in the ex-showroom prices of its select motorcycles and scooters, effective April 1.
The Board of Bosch has authorized Guruprasad Mudlapur as Managing Director and Sandeep Nelamangala as Joint Managing Director of the company from July 1.
Bharat Heavy Electricals Ltd BHEL and Indraprastha Gas Ltd IGL have signed an MoU for joint development, manufacturing and deployment of Type-IV cylinders.
The integrated tariff of GAIL has been set at Rs 58.61 mmbtu, better than analysts expectation of Rs 55 mmbtu. GAIL has filed for Rs 68.55 mmbtu tariff but the regulator has assumed a lower cost of gas.
Reliance Retail's FMCG arm, Reliance Consumer Products, expands its portfolio with home and personal care products. It has launched brands for products across bath, hygiene, laundry, and home care.
KEC International has received a total of 1,560 crore for transmission distribution projects in India from Power Grid Corporation.