The Sensex jumped 1,564.45 points or 2.70% to close at
59,537.07. During the day, it zoomed 1,627.16 points or 2.80% to 59,599.78. The
Nifty surged 446.40 points or 2.58% to 17,759.30.
The broader indices ended in green with the BSE Midcap
index up by 1.97% and the Small cap index up by 1.40%. The top gaining sectoral
indices on the BSE were Realty up by 3.51%, Bankex up by 3.33%, Utilities up by
2.82%, Power up by 2.82%, and Oil & Gas up by 2.65%, while there were no
losing sectoral indices on the BSE.
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Here are the key stocks that moved the most on August 30:
IDBI Bank: The stock ended 2.66% to close at Rs 43.90 after
reports that the government is likely to invite preliminary bids for selling a
stake in IDBI Bank next month and the discussions with the RBI are at the final
stages, reported PTI. “There are still some pending issues that need to be
discussed with the Reserve Bank of India and Securities and Exchange Board of
India. We are hopeful of issuing the EoI by September,” according to a PTI
report.
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Nazara Technologies: The share price surged 4.64% to settle
at Rs 660 after the company said it has made acquisitions worth $10.40 million
in the United States. Nazara Technologies said it has acquired US children’s
interactive entertainment company WildWorks. It will acquire 100% of the company
and its IP from existing shareholders in an all-cash transaction, the company
said in a release.
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Shipping Corporation of India: The stock price rose 3.86%
to close at Rs 118.40 after PTI reported that the government is likely to
invite financial bids for the privatization of the state-owned Shipping
Corporation of India (SCI) in the March quarter. “The demerger of non-core
and land assets of Shipping Corporation is at an advanced stage. The process is
expected to be over in about three months, after which financial bids will be
invited,” reported PTI.
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BLS International Services: The stock surged 13.62% to
close at Rs 259 after global financial services Nomura Singapore acquired half
a percent stake in the company. The company acquired 11 lakh equity shares in
the company through open market transactions at an average price of Rs 230 per
share.
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Indiabulls Housing Finance: The share ended 1.49% higher at
Rs 136.55 after the securities issuance committee of the firm considered and
approved the public issue of secured redeemable non-convertible debentures of
the face value of Rs 1,000 each for an amount up to Rs 100 crore with an option
to retain oversubscription up to Rs 900 crore, aggregating up to Rs 1,000
crore.