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28 Aug 2018
The major indices of the Indian stock markets opened up positively on Tuesday over previous day’s close and remained range bound. On the National Stock Exchange (NSE), there were 716 advances, 1028 declines and 329 unchanged.
The trends of the major indices during Tuesday’s trading are given in the table below:
Both the BSE Sensex and the NSE Nifty50 touched their respective record intra-day highs of 38,938.91 points and 11,760.20 points, before ending Tuesday's trade at record closing levels.
Market observers credited the easing of global trade tensions and healthy buying in metal, auto and IT stocks as factors, which pushed the key indices higher.
ITI Ltd says it has received a letter of intent (LoI) valued at Rs2,658 crore for the selection as the Project Implementation Agency (PIA) for MahaNet-I (BharatNet Phase II) in Maharashtra for two packages, A and C, issued by Maharashtra Information Technology Corporation Ltd.
Pharmaceutical company Lupin said it received final approval for its Gabapentin Tablets from the US FDA to market a generic version of Pfizer Inc's Neurontin tablets. The drug is use in the treatment of postherpetic neuralgia.
Automobile company Escorts has signed a joint venture agreement with Japan's Tadano Group for making higher capacity mobile cranes in India. Escorts will hold 49% in the new JV having a combined initial total investment of Rs60 crore. The JV will make rough terrain and truck cranes ranging from 20 to 80 tonnes.
As per the fourth advanced estimates issued by the Agriculture Ministry on Tuesday, food grain production in the country in 2017-18 crop year will be a record 284.83 million tonnes.
The top gainers during the day's trade were Vedanta, Adani Ports, Reliance Industries, Maruti Suzuki and Axis Bank. On the other hand, the major losers were Yes Bank, State Bank of India, Hindustan Unilever, ONGC and Tata Motors (DVR).
Top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: The Total Investment & Insurance Solutions
Major Indices (The Total Investment & Insurance Solutions) |
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