Market Updates
Movers: Genus Power, Hero Motocorp, Sterling and Wilson, Texmaco Rail, Xpro India
Arun Goswami
15 Dec, 2023
Mumbai
Stocks in Mumbai extended weekly gains for the eighth week in a row after major central banks held their interest rates steady.
The Sensex index increased 176.59 points to 70,690.79, and the Nifty index rose 58.15 points to 21,240.80.
On the Mumbai stock exchange, 211 stocks traded at their 52-week highs and 9 stocks traded at their 52-week lows.
Tech services providers and metals and mining stocks were among the gainers, but financial services providers and banks struggled.
TCS, Infosys, Tech Mahindra, and Wipro gained 2% and 4%.
State Bank of India, Axis Bank, Kotak Bank, HDFC Bank, and Canara Bank declined between 0.1% and 1.3%.
Maruti Suzuki, Tata Motors, and Mahindra & Mahindra traded mixed.
Sterling and Wilson Renewable Energy gained 2.7% to ₹435.85 after the company raised 1,500 crore in an institutional offering priced at ₹347 per share.
Texmaco Rail & Engineering advanced 4.6% to ₹178.60 after the company won an order to supply 3,400 rail wagons for ₹1,374 crore.
Xpro India increased 2.2% to ₹1,063.80 after the company scheduled a board meeting on December 19 to consider different fund-raising plans.
Genus Power Infrastructures soared 5% to ₹234.50 after the company's subsidiary won a project worth ₹1,026 crore.
Infibeam Avenues jumped 6.7% to ₹23.90 after the company acquired a 49% stake in digital lending software developer Pirimid Fintech for ₹25 crore.
Hero Motocorp increased0.6% to ₹3,908.0 and the company said it plans to buy additional stake up to 3% in Ather Energy for up to ₹140 crore.
Annual Returns
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Earnings
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