The BSE Sensex and NSE Nifty fell for a second straight session on Tuesday, weighed down by weak European markets and as investors churned positions ahead of the expiry of derivatives contracts this week.
Sensex dropped 43.60 points to close at 25,775.74 and Nifty slipped 17.65 points to end at 7,831.60.
Below are 10 stocks that made news today:
Infosys: Stocks of the IT major closed 1.19 per cent at Rs 1041 after it informed BSE that Carol M. Browner has resigned as Member of the Board and Independent Director of the company with immediate effect, due to personal reasons.
Indian Oil Corporation: Shares of the company closed 1.53 per cent up at Rs 418.25 after the company reportedly decided to set up 1,400 MW solar power systems at its Gujarat Refinery. The solar power systems will be commissioned in 2016. A grid-connected 250-kW Solar Power system is already catering to the partial electricity requirement of technical building.
ABG Shipyard: Stocks of the company closed 7.61 per cent down at Rs 73.50 after Videocon Realty & Infrastructure bought 3.41 lakh shares of ABG Shipyard through open market route. The shares were purchased on an average price of Rs 83 valuing the transaction to Rs 2.83 crore.
Reliance Capital: Japan’s Nippon Life on Tuesday said that it has signed definitive agreements to increase its stake in India’s Reliance Life to 49 per cent from 26 per cent earlier for Rs 2,265 crore. Life Insurance is one of Reliance Capital’s major businesses. Share price of the company later closed 3.71 per cent up at Rs 423.40.
BGR Energy Systems Ltd: Shares of the company closed 3.96 per cent up at Rs 115.40 after the company informed BSE that it has bagged new orders worth Rs 300 crore in the electricals sub-stations segment following its recent focus on power generation projects.
Berger Paints: Shares of Berger Paints fell as much as 1.14 per cent on Tuesday after it informed BSE that the company and Nippon Paints Automotive Coatings, Japan, together with Nippon Paints (India) have entered into definitive agreements to transfer certain business including three wheeler and four wheeler (passenger cars and SUV) paint business of Berger and four wheeler (other than commercial vehicles, auto parts and ancillaries) paint business of Nippon Paints (India) to BNB Coatings India (BNB) at agreed values. Later, the share price of the company 0.79 per cent down at Rs 220.80.
Petronet LNG: Stocks of the company will be in focus as RasGas of Qatar has agreed to not to press for the USD 1 billion in penalty that Petronet LNG Ltd, India’s biggest import of liquefied natural gas (LNG), has to pay for buying only 68 per cent of the contracted 7.5 million tons this year. The share price of the company later closed 0.09 per cent down at Rs 233.15.
Pfizer: Shares of the company rose sharply by nearly 9 per cent intraday after its parent Pfizer Inc’s announcement to buy Botox manufacturer Allergan in a record $160 billion deal, a biggest buyout in the global healthcare sector. Later, the scrip settled 2.59 per cent up at Rs 2500.70.
Nestle India: Company’s shares fell 1.33 per cent on Tuesday on reports that the government was looking to conduct more tests on its popular noodle snack Maggi.
Lanco Infratech: Shares of Lanco Infratech breached their upper circuit in the early trade on Tuesday after the company on Monday announced that its subsidiary Lanco Solar Private Limited signed a landmark agreement with Chhattisgarh Government to bring Chhattisgarh on the global silicon map. As per the MoU inked with the Chhattisgarh Government, Lanco Solar will set up 100 MW solar cell manufacturing plant.