Friday was a bad day for Indian stock indices, with the Nifty and Sensex falling below critical levels of 17,000 (Nifty) and 57,050 (Sensex). After a cautious start, Indian equities continued to fall in early trade, owing to negative global signals and uncertainty surrounding the Omicron variant.
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Sensex fell 889.40 points or 1.54% to 57,011.74 and the Nifty was down by 263.20 points or 1.53% to 16,985.20 in the previous session. Sensex touched high and low of 58,062.28 and 56,950.98, respectively and there were 5 stocks advancing against 25 stocks declining on the index while Nifty traded in a range of 17,298.15 and 16,966.45 and there were 5 stocks advancing against 45 stocks declining on the index.
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Gokul Refoils and Solvent, IMP Powers, Indo Thai Securities, Manaksia Aluminium Company, Global Vectra Helicorp, and Tata Teleservices (Maharashtra) LimitedTech Mahindra, in BSE 500 pack, the stocks of Birlasoft, Grindwell Norton, Persistent Systems, K.P.R Mills have made fresh 52 weeks high on Friday.
Vakrangee Digital Ventures, a subsidiary of the company has announced an alliance with Upstox (RKSV Securities India Pvt. Ltd), one of the fastest-growing investment platforms in India, to offer online trading account opening services through its BharatEasy mobile application.
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IDEA, GTLINFRA, RTNPOWER, YESBANK, IBULHSGFIN were the most active equities on NSE.
KEC International has informed the exchange that it has successfully secured new orders of Rs 1,041 crore across the following businesses: Transmission & Distribution (T&D), Civil, Cables.
Hindalco Industries has signed a definitive agreement to acquire Hydro’s aluminium extrusions business in India for an enterprise value of Rs 247 crore.
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KALPATPOWR, DIGJAMLMTD, NIPPOBATRY, GTLINFRA, ICICITECH were the top volume gainers.
Tech Mahindra announced a strategic collaboration with the SOVICO Group, a leading investment group in Vietnam, to enable digital transformation for the SOVICO Group.
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A2ZINFRA, ALPSINDUS, ANTGRAPHIC, AUSOMENT, BALKRISHNA hit the upper price band while 21STCENMGM, 3IINFOLTD, 63MOONS, ABAN, ADROITINFO hit the lower price band. There were 109 securities that hit the upper band while 136 hit the lower band on December 17, 2021.
Bharti Airtel announced on Friday that it has paid Rs 15,519 crore to the Department of Telecom (Government of India) towards prepayment of the entire deferred liabilities of spectrum acquired in an auction of the year 2014.