The BSE Sensex and NSE Nifty rebounded on Wednesday tracking firm European cues. Sensex ended 172.08 points up to end at 24,854.11, while Nifty gained 52.10 points to settle at 7,562.40.
Below are the top 8 stocks that made news today
Bharti Airtel: Shares of the company closed 2.05 per cent down at Rs 308.70 after it said it will sell its operations in Burkina Faso and Sierra Leone to France-based Orange.
Reliance Industries (RIL): Shares of the company hit new 52-week high on Wednesday after reports that its subsidiary Reliance Jio Infocomm (RJIL) has received approval from the government’s green panel to build the Indian part of the Asia-Africa-Europe One (AAE-1) submarine cable under the Coastal Regulation Zone (CRZ). The scrip settled 3.09 per cent up at Rs 1077.35.
DCB Bank: Shares of the company closed 4.79 per cent up at Rs 78.70 on better-than-expected Q3 results. The bank announced its Q3 result on Tuesday post market hours. For the quarter ended December 2015, DCB Bank reported a 3 per cent decline in its net profit figures at Rs 41.20 crore against Rs 42.50 crore in the same period last year. Reliance Securities in a research note said, “DCB Bank result was above our expectation led by the strong growth in core operating income along with lower provision expenses.”
Reliance Communications: Stocks of the company closed 1.74 per cent down at Rs 78.85 after the company in a BSE filing said applications were again made to the Department of Telecom (DoT) after it had notified the norms for liberaisation of spectrum on November 5 last year, along with a fee of Rs 50,000 per area.
Tata Consultancy Services: Shares of the IT company closed 1.88 per cent down at Rs 2280.30 after it reported 14.2 per cent jump in profit to Rs 6,083 crore for the third quarter of the current fiscal.
Oil and Natural Gas Corporation (ONGC): Stocks of the company closed 0.59 per cent up at Rs 222.80 after ONGC said it plans to cut operational cost by at least 10 per cent by prioritising activities and putting off the less important ones to future .
Tata Power: Stocks of the company closed 2.23 per cent down at Rs 65.65 after it raised Rs 500 crore by issuing unsecured redeemable, taxable non-convertible debentures on private placement basis.
Strides Shasun: Stocks of the company settled 1.35 per cent down at Rs 1177.45 after it got CCI’s approval to acquire Sun Pharmaceutical’s two business divisions in India for Rs 165 crore.