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Nifty View:
SGX Nifty indicates a Gap-up opening for Nifty.
Wall Street indexes bounced back from recent losses on Wednesday.
16,680 will be key resistance for Nifty, while key support is placed at 16,530.
27 of Nifty 50 stocks had closed in Green last day. Foreign institutional investors (FIIs) net sold shares worth Rs 1,943.26 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,850.02 crore.
Stock In News
Adani Ports and SEZ: The company has acquired a 10.4% stake of Gangavaram Port from the government of Andhra Pradesh for Rs 645 crore. Both boards have also approved the merger of Adani Ports and Gangavaram Port at a swap ratio of 159:1,000 shares.
Jubilant Ingrevia: Jubilant Life Sciences International Pte., Singapore, a wholly-owned subsidiary of the company, has divested its entire 10% stake held in Safe Foods Corporation for $18.2 million.
Piramal Enterprises: To consider issue of secured NCDs up to Rs 200 crore along with an option to retain oversubscription up to Rs 200 crore, the total size aggregating up to Rs 400 crore on private placement basis, on September 27.
Amtek Auto: The company’s shares will be delisted from exchanges from September 27. Insolvency Professional of the company has appointed Ram Singh Poswal as CEO of the company.
Infosys: The company has collaborated with Amazon Web Services to develop quantum computing capabilities and use cases. Infosys will use Amazon Braket to explore and build multiple use cases in quantum computing as part of Infosys Cobalt cloud offerings.
IDFC: Shareholders voted against a resolution to appoint Vinod Rai as non-independent, non-executive director on the company's board. At the AGM, 62.3% of the shareholders voted against the proposal, with only 37.7% in favour.
Sarda Energy & Minerals: Chhattisgarh State Electricity Regulatory Commission has approved a provisional tariff for the 113 MW hydropower project of subsidiary Madhya Bharat Power Corporation, considering 85% of the cost of the project incurred as of March 2021 with return on equity of 15.5% per annum.
