Market Updates
Movers: Brigade Enterprises, Gulshan Polyols, HCL Technologies, JSW Infrastructure, Mahindra & Mahindra Financial, Shriram Properties
Arun Goswami
05 Dec, 2023
Mumbai
India stocks advanced for the second day this week after the ruling Bhartiya Janata Party won state elections in three populous states.
The Sensex index increased 121.96 points to 68,992.24, and the Nifty index rose 40.10 points to 20,731.45.
On the Mumbai stock exchange, 179 stocks traded at their 52-week highs and 14 stocks traded at their 52-week lows.
JSW Infrastructure soared 4.7% to ₹227.85 after the company's unit signed a deal with Shapoorji Pallonji Group Company to acquire 50% plus one share of PNP Maritime for ₹270 crore.
Brigade Enterprises increased 3.5% to ₹873.0 after the company signed a deal with land owners to develop a residential project in Kurubarahalli, Mysuru.
The company plans to build 400,000 square feet of residential space spread over four acres.
Gulshan Polyols gained 4.8% to ₹233.40 after the company won a ₹572 crore order to supply ethanol.
Shriram Properties rose 1.5% to ₹120.80, and the stock rebounded from morning losses after multiple block transactions.
Mahindra & Mahindra Financial fell 1.7% to ₹272.95 after the company said its net new loans in November increased 16% to ₹5,300 crore.
HCL Technologies declined 1.7% to ₹1,317.30, and the company's UK subsidiary agreed to sell its entire 49% stake in a joint venture with State Street International for $170 million.
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