India Movers: Aurionpro Solutions, BPCL, EIL, Tata Steel, Vedanta

Arun Goswami
12 Sep, 2024
Mumbai

Market indexes on Dalal Street edged higher following a slight improvement in global market sentiment. 

The Sensex and the Nifty indexes are struggling to advance after a sharp sell-off in the previous week. 

The Sensex index increased by 0.5% to 81,930.18, and the Nifty index edged up by 0.6% to 25,069.65.

On the Mumbai stock exchange, 126 stocks traded at their 52-week highs, and 18 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.85%, and the Indian rupee weakened to 83.98 against the U.S. dollar.

Tata Steel decreased 0.7% to ₹148.38, and the company secured a £500 million grant from the UK government to install an electric arc furnace and reduce environmental pollution. 

Bharat Petroleum Corporation declined 1.5% to ₹340.80, and the company's international subsidiary Urja Bharat won an energy exploration concession covering 6,162 km in Abu Dhabi. 

Vehicle makers are in focus in Thursday's trading after the Union Cabinet approved two plans totaling 14,335 crore to boost use of electric vehicles, including ambulances, buses, and trucks. 

Vedanta declined 3.2% to ₹426.25, and the iron ore mining company raised $900 million with a coupon rate of 10.875% through a bond offering to repay exiting debt. 

Aurionpro Solutions dropped 5% to ₹1,816.05, and the company won a ₹200 contract to implement advanced surveillance technology from the Municipal Corporation of Panvel. 

Engineers India Ltd. decreased 2.2% to ₹210.0, and the company said new orders in the first five months to September of the current fiscal year increased 37% from a year ago.