Benchmark indices broke three-day winning streak and ended lower on August F&O expiry day. At close, the Sensex was down 255.84 points or 0.39% at 64,831.41, and the Nifty was down 93.70 points or 0.48% at 19,253.80. Biggest losers on the Nifty included Adani Enterprises, BPCL, Adani Ports, Eicher Motors and Britannia Industries, while gainers were Maruti Suzuki, Cipla, HDFC Life, Titan Company and Hindalco Industries.
The bumper listing gains of Aeroflex Industries left analysts mixed on its future outlook. The Ashish Kacholia-backed company made an impressive debut on the bourses, listing at 82.78% premium over the issue price of Rs 108. The stock started trading at Rs 190 on the NSE. However, since then, the stock has seen selling pressure and traded at Rs 168.15, down 15% from listing price. The scrip closed at Rs 163.60
Shares of all 10 listed Adani Group companies fell up to nearly 5% on August 31 morning, a day after the George Soros-backed non-profit Organized Crime and Corruption Reporting Project (OCCRP) released new details on allegations that the Adani family partners had invested millions to buy own group shares through opaque investment funds based in the island nation of Mauritius
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Shares of Maruti Suzuki India darted up over 2% to Rs 10,065 on NSE today, the highest since its listing, ahead of the release of monthly sales figures. Investors also cheered global brokerage J.P. Morgan's analysis that placed India's leading automobile manufacturer on the positive catalyst watch. The scrip closed at Rs 10,000
Shares of Nazara Technologies Limited jumped over 8% today after the company said it is considering raising funds by issuing equity shares on a preferential basis. This is the second time in two months that the company has opted to raise capital. The scrip ended at Rs 777
Zen Technologies shares rose 2% on August 31 after the drone solutions firm announced bagging a Rs 72.29-crore order from the defence ministry. The company is a provider of military training and anti-drone solutions. The scrip closed at Rs 842
MTAR Technologies share price rose for the second consecutive trading session on Thursday after the company received Defence Industrial License to manufacture various mechanical and electrical subsystems for the defence industry on Wednesday. Mtar Tech stock gained 7%. The scrip closed at Rs 2,468
Sula Vineyards share price declined over 4% on Thursday amid reports of a block deal in the stock. According to reports, around 1.1 crore shares, or 13.1% equity, of Sula Vineyards changed hands at an average price of Rs 490 apiece on the stock exchanges. The total transaction value was worth Rs 540 crore. The scrip closed at Rs 490
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