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News Corner
•Market Highlight : Sensex closed 273 points, or 0.71 percent, higher at 38,900.80 and Nifty settled 83 points, or 0.73 percent higher at 11,470.25.
•Gold rate today: Yellow metal trades above Rs 52,000/10 gms
•Silver rises 1.4% to Rs 71,424 per kg on firm demand
•JSW Energy jumped over 4 percent in intraday trade after the company said CARE Ratings Ltd had revised the rating. Adani Power The stock jumped 4 percent after the Supreme Court allowed the company to recover compensatory tariff from Rajasthan discoms
•Biocon The stock price jumped over 7 percent after the company announced the launch of a diabetes drug in the US market.
•NTPC The share price gained over 3 percent after the company said it would seek shareholders' nod to raise up to Rs 15,000 crore through issuance of bonds.
•Reliance Power The stock shed over 4 percent after the company said it had defaulted on payment of principal and interest totalling to Rs 300.22 crore.
•BEML The share price was up over 3 percent after the company bagged an order from Ministry of Defence for supply of 330 high mobility vehicles for Pinaka project at a value of Rs 842 crore.
•Bharat Dynamics The share price shed 3 percent after the company posted a net loss of Rs 78.04 crore
AGR Case
•Supreme Court granted 10-year time to telecom firms for paying the Adjusted Gross Revenue (AGR)-related dues to the Department of Telecommunications (DoT).
•Bharti Airtel rallied almost 7 percent
• Reliance Communications gained 4 percent,
•Vodafone Idea plunged 13 percent.
•Bharti Infratel shed 4 percent
•Tata Communications ended with loses of 1 percent.
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