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25
September 2018
I had
mentioned in Monday’s closing report that Nifty, Sensex have remained under
pressure. The major indices of the Indian stock markets rallied on Tuesday and
closed with gains over Monday’s close. On the NSE, there were 691 advances,
1,059 declines and 302 unchanged. The trends of the major indices in the course
of Tuesday’s trading are given in the table below:
The key Indian equity indices traded on a
flat note on Tuesday amidst a largely volatile trade. Buying was witnessed in
healthcare and IT (information technology) stocks while oil and gas and metal
stocks were under selling pressure.
Software
major Infosys said on Tuesday that Australian Military Bank (AMB) in Sydney
went live digitally on the Finacle cloud platform of its subsidiary EdgeVerve
Systems. The bank has been processing about 40,000 mixed transactions per day,
with 22,000 card transactions and nearly 7,000 composite payments transactions
on average per day on the digital platform. Infosys shares closed at Rs726.00,
up 1.08% on the NSE.
Budget
carrier SpiceJet will commence flight service on the Shirdi-Delhi-Shirdi sector
from October 1, said the airline on Monday. Besides, it will also launch a new
daily direct flight on the Mumbai-Kanpur route from October 8. The airline will
also operate first direct flight on the Mumbai-Jaisalmer route starting October
29 and a third direct flight on Mumbai-Kolkata sector from November 1. Spicejet
shares closed at Rs68.80, down 3.78% on the NSE.
Private
lender Yes Bank's board will meet on September 25 to discuss the future course
of action after its MD and CEO Rana Kapoor demits office on January 31, under
the direction of the Reserve Bank of India (RBI). The board meeting comes days
after the RBI decided against extending the tenure of Kapoor beyond January 31,
2019. Yes Bank shares closed at Rs219.85, down 2.83% on the BSE.
IndusInd
Bank launches voice-based banking services through AI (artificial intelligence)
based Amazon Alexa -'Alexa, ask IndusAssist to do fund transfer'. This enables
customers to conduct financial & non-financial banking transactions on
Amazon Echo and other Alexa-enabled devices using voice commands. Indusind Bank
shares closed at Rs1,693.10, up 1.10% on the BSE.
Suven
Life Sciences secured product patents in Canada and Sri Lanka corresponding to
the New Chemical Entity for the treatment of disorders associated with
Neurodegenerative diseases and patents are valid through 2034 and 2026
respectively. Suven Life Sciences shares closed at Rs274.15, up 2.89% on the
BSE.
Capcite
Infraprojects received contracts worth Rs674.75 crore. The company secured
orders worth Rs560.90 crore from Glider Buildcon Realtors, a Piramal Group
company. It also received an order worth Rs113.85 crore from Radius Group
company. The company’s shares closed at Rs227.50, down 1.66% on the BSE.
UFLEX -
FlexFilms forayed into online space with the launch of its E-Commerce website
'FLEX-BuzzR' to market its entire range of films in European region. FLEX-BuzzR
is intended to supplement Flex Films existing brick-and-mortar business mode.
Uflex shares closed at Rs299.50, down 0.86% on the BSE.
The top
gainers and top losers of the major indices are given in the table below:
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Major Indices (The Total
Investment & Insurance Solutions)
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