NEW DELHI: The bulls were back in business on Dalal Street that saw the benchmark indices Sensex and Nifty closing at fresh lifetime peaks on Wednesday. The BSE Sensex added 222 points or 0.59 per cent to end at 37,888. The NSE's Nifty 50 pack gained 61 points or 0.53 per cent to shut shop at 11,450.
Here's a quick lowdown on the top newsmakers of Dalal Street –
NSE turns 25, unveils new logo
To mark 25 years of its existence, the National Stock Exchange of India (NSE) unveiled a new logo, shedding the age-old brown patch and adding dashes of marigold, yellow, red and blue, symbolising integrity, excellence, trust and commitment.
Former Prime Minister Manmohan Singh, Union Minister Nitin Gadkari, Deputy Chairman, Niti Aayog Rajiv Kumar and Delhi lieutenant-governor Anil Baijal graced the occasion. Singh was the finance minister when NSE was first conceived. READ MORE
Nifty Bank hits record high
The index gained 187 points or 0.67 per cent to close above the 28,000 level for the first time ever at 28,062.45. As many as 10 out of 12 constituents ended in the green. SBI (up 1.91 per cent) was the top gainer on the pack, followed by Bank of Baroda (1.61 per cent) and ICICI Bank (1.61 per cent).
CreditAccess Grameen IPO subscribed 25%
The initial public offering (IPO) of microfinance institution CreditAccess Grameen was subscribed 25 per cent on Day 1 of the bidding process on Wednesday. Till 04:15 pm, total bids received stood at 8,52,705 equity shares against the total issue size of 1,88,29,684 shares, NSE data showed.
Stock of the day
Oil-to-telecom behemoth RIL ended 2.85 per cent higher at Rs 1,217.25 apiece on BSE. The stock hit a fresh 52-week high of Rs 1,222 in the intraday trade. At close, the m-cap of the company stood at Rs 7,71,450.43 crore. The stock alone contributed 110 points to the Sensex's rise.
41 stocks set to fall, shows MACD
Indian Hotels Company, Indiabulls Real Estate, M&M Financial Services, Escorts and Raymond are among 41 stocks that are likely to fall in the coming sessions, showed technical indicator moving average convergence divergence (MACD). On the contrary, 11 stocks including South Indian Bank, Bharti Infratel, Graphite India and Greaves Cotton witnessed bullish crossover.
Spurt in open interest
Strides Pharma witnessed the biggest spurt in open interest at 40.10 per cent, followed by Lupin (33.91 per cent), BPCL (27.98 per cent) and BEML (23.14 per cent).
Multiplex stocks gain
Shares of multiplex players gained after the Maharashtra government on Monday stated in an affidavit in the Bombay High Court that it does not deem it necessary to interfere with the ban on outside food in multiplexes, as it may create "chaos" or "security issues". Inox Leisure ended 6 per cent higher at Rs 239.25, while PVR ended at Rs 1,244.60, up 1.67 per cent. Mukta Arts settled 9.32 per cent higher at Rs 49.85.
Patel Engg jumps on Rs 2,400 crore order win
Shares of Patel Engineering soared over 17 per cent on Wednesday after bagging two hydro projects and a tunnel project aggregating Rs 2,400 crore.
Pharma firms post mixed set of Q1 numbers
A host of pharma companies reported their quarterly numbers today. Lupin reported 43.37 per cent decline in consolidated profit at Rs 203 crore for Q1 while Cipla's net profit rose 5 per cent YoY to Rs 447 crore. Strides Pharma reported a consolidated net loss of Rs 4.16 crore for the same period. At close, shares of Lupin stood at 825.85 (down 4.53 per cent), while those of Cipla and Strides Pharma came in at Rs 633.40 (up 0.75 per cent) and Rs 415 (up 5.80 per cent).
Most active stocks
Reliance Communications, Adani Power, PNB, Ashok Leyland, Vakrangee and Adani Enterprises were among the most active stocks in terms of volume while Lupin, RIL, SBI and Maruti Suzuki were among the most active stocks in terms of value.