Benchmark indices ended lower on August 17 with Nifty below 19,400 amid selling across the sectors barring PSU Banks. ITC, LTIMindtree, Divis Lab, Power Grid and Nestle were among the top losers on the Nifty, while gainers included Adani Ports, Titan Company, Adani Enterprises, Bajaj Auto and SBI.
Adani Power shares jumped around 3% to hit an intraday high of Rs 288.50 on NSE as Goldman Sachs GQG Partners International Opportunities Fund bought a fresh stake in the Adani Group company. The US-based investor has invested Rs 2,876 crore in Adani Power. The scrip closed at Rs 285.55
JSW Energy share price declined over 3% to hit an intraday low of Rs 354.05 on NSE on Thursday after its promoter JSW investments sold nearly 1.3% stake in the company through open market transactions. The stock ended at Rs 353.25
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Shares of Rashtriya Chemicals and Fertilisers jumped more than 3% intraday as the company received prior Environmental Clearance (EC) from Ministry of Environment, Forest and Climate Change, IA division for the proposed project - Installation of New Nano-Urea Fertilizer Plant of total capacity 27,375 KL/annum located at RCF Trombay Unit Industrial Area, Chembur, Suburban Mumbai. The scrip closed at Rs 110.90
Shares of Zee Entertainment fell to an intraday low of Rs 271.55 on NSE after the National Company Law Appellate Tribunal (NCLAT) on Thursday said that it would hear the plea by IDBI Bank on August 31 seeking insolvency proceedings against Zee Entertainment to recover dues of Rs 149.6 crore. The scrip ended at Rs 273.10
Shares of Zen Tech jumped around 5% on Thursday to climb to a new peak of Rs 911.40 apiece on NSE. In this truncated week, Zen Tech stock has hit a new high on each session and it has hit the upper circuit on each session as well. The scrip closed at Rs 849.90
Shares of Suzlon Energy slipped over 4% to hit an intraday low of Rs 19.40 on NSE. Suzlon Energy shares have a beta of 1.6, indicating very high volatility in a year. The scrip closed at Rs 19.70
Bata India shares jumped more than 6% to touch an intraday low of Rs 1,768.00 on NSE after a news report said that the shoe and leather goods maker has entered talks with Adidas for a tie-up for the Indian market. The scrip closed at Rs 1,739.00
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