Benchmark indices Nifty, Sensex ended higher on September 1 amid buying across the sectors barring pharma. Top gainers on the Nifty included NTPC, ONGC, JSW Steel, Tata Steel and Maruti Suzuki, while losers were Cipla, HDFC Life, Dr Reddy's Laboratories, UltraTech Cement and Nestle India.
Shares of Oil and Natural Gas Corporation Limited (ONGC) jumped 5% to hit a 52-week high on September 1 after Fitch Ratings gave a stamp of approval by affirming a BBB rating (stable outlook) to the PSU. This rating shows that ONGC is considered to have a moderate level of credit worthiness. The scrip closed at Rs 181.20
BSE Limited shares surged around 7% on September 1 after the company announced an increased buyback offer price of Rs 1,080, a significant 32% rise over the Rs 816 announced earlier. The recent surge in the stock’s price is being seen as the reason for the revised buyback offer price. The scrip closed at Rs 1,114.75
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Brightcom Group share price was locked in its lower circuit as the stock opened at its 5% lower price band of Rs 16.15 on NSE on Friday. The Shankar Sharma portfolio stock has been hitting the lower circuit for the last eight consecutive sessions. The scrip closed at Rs 16.15
Shares of Jio Financial Services (JFS) were locked at 5% upper circuit on NSE today. The stock has been excluded from Sensex and other BSE. It is likely to see a smooth Nifty exclusion by next week. The scrip ended at Rs 245.15
Shares of Gail India Ltd surged over 4% on Friday after a huge block deal. Around 2.54 million shares changed hands in two bunch trades, according to Bloomberg. However, details of buyers and sellers were not known. The scrip closed at Rs 121.50
Shares of NTPC jumped 4% today after the state-owned power producer announced that it has signed a Memorandum of Understanding with oil explorer Oil India to explore collaboration in the areas of Renewable Energy, Green Hydrogen & its derivatives, Geothermal, and other Decarbonization initiatives. The scrip closed at Rs 231.35
Shares of Tata Steel Ltd hit a fresh 52-week high today, with the Tata Group stock rising for the fifth consecutive session. The Tata Steel stock has risen 10% in the last five sessions, and risen 20.20% in a year. The scrip closed at Rs 126.80
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