The BSE Sensex and NSE Nifty closed on a flat note on Monday ahead of GDP data to be announced later in the day and the Reserve Bank of India’s monetary policy meet on Tuesday. Sensex gained 17.47 points to end at 26,145.67, while Nifty closed 7.45 points down to settle at 7,935.25.
Below are some stocks that made news today:
Shemaroo Entertainment: Share price of the company was trading 2.92 per cent up at Rs 278.10(2.43 pm) after it joined hands with Videocon d2h to launch ‘d2h Darshan’ – a 24 hr ad-free devotional service. Later, the share price of the company closed 2.92 per cent up at 278.10.
Bharti Airtel: Shares of the telecommunication company were trading 1.79 per cent down at Rs 335.55(2.09 pm) after it said that it will invest Rs 60,000 crore over three years on expanding networks that will help improve the quality of services. The share price of the company later closed 2.09 per cent down at Rs 334.50.
Auto stocks: Shares of automobile companies gained about 2 per cent in early trade today on hopes of strong monthly sales figures to be released on Tuesday and inclusion of Maruti Suzuki, Tata Motors and Ashok Leyland to the MSCI India index. Tata Motors ended 1.39 per cent up, Bajaj Auto gained 1.34 per cent while Maruti Suzuki shares closed 0.07 per cent down ahead of monthly auto sales numbers on Tuesday.
Ashok Leyland: Shares of the Hinduja Group flagship firm were up 0.77 per cent up at Rs 98.25(1.32 pm) after the company bagged an order for 3,600 vehicles worth $200 million (about Rs 1,335 crore) from Cote D’Ivoire. Later, the share price of the company closed 3.08 per cent down at Rs 94.50.
IDBI Bank: Shares of IDBI Bank closed 8.16 per cent up at Rs 93.45 on reports that IFC may pick up 15 per cent stake in IDBI Bank.
Amtek Auto: Share price of the company fell as much as 5.62 per cent in the early trade on Monday after the company on Saturday reported a consolidated net loss of Rs 987 crore for the year ended September against a net profit of Rs 848.21 crore last year. Later, the share price of the company closed 4.22 per cent down at Rs 40.90.
Reliance Industries(RIL): Shares of the company were trading 0.55 per cent down at Rs 973.70 (10.33 am)as it is facing a 40 per cent cut in the marketing margin RIL charges on selling its KG-D6 gas to fertilizer and LPG plants after the government notified a ceiling of Rs 200 per thousand standard cubic meters (scm). The scrip later settled 1.13 per cent down at Rs 968.00.
PVR: Shares of the company were trading 0.53 per cent up at Rs 853.00 (10.42 am) after the multiplex chain operator expects to add at least 23 screens in the current financial year to take the total to 500 in the same fiscal. The share price of the company closed 0.77 per cent down at Rs 842.00.
Cipla: Shares if the drug major was trading 0.44 per cent up at Rs 645.45 (at around 10.35 am) after it inked an investment agreement with FIL Capital Investments (Mauritius) II Limited for its consumer healthcare business. Scrip of the company closed 0.22 per cent up at Rs 644.00.
Rajesh Exports: Shares of jewellery maker closed 4.23 per cent up at Rs 708.05 after the company informed stock exchanges that it has bagged an export order worth Rs 1,122 crore of designer range of gold and diamond studded jewellery and medallions from UAE. The order is to be completed by March 31, 2016.
Maruti Suzuki: Share price of the India’s largest car maker were trading 1.24 per cent up at Rs 4636.85 (11.34 am) after it said that it is planning to invest nearly Rs 15,000 crore over the next five years, to buy land in the country and to ramp up its dealership network. The share price of the company later closed 0.07 per cent down at Rs 4576.70.