Adani Enterprises, NLC India, REC, Reliance Industries, Sterling and Wilson, Zydus Lifesciences

Arun Goswami
30 Sep, 2024
Mumbai

Mumbai market indexes traded lower ahead of the release of core sector output data later in the day. Crude oil edged higher following elevated tensions in the Middle East. 

Gold advanced for the fourth quarter in a row amid rising demand from China and general dollar weakness. 

The Sensex index decreased by 0.8% to 84,911.75, and the Nifty index fell by 0.7% to 25,993.70.

On the Mumbai stock exchange, 173 stocks traded at their 52-week highs, and 35 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.75%, and the Indian rupee eased to 83.75 against the U.S. dollar.

The gold price increased by 0.3% to ₹75,932 per ten grams, and silver edged up by 0.2% to ₹91,560 per kilo. 

Adani Enterprises increased ₹3,150.55, and the company's subsidiary plans to double its solar cell and module capacity to 10 GW from 3 GW by 2030.

Reliance Industries decreased 0.8% to ₹3,026.25, and the company received regulatory approval to transfer its entertainment-focused TV channels to Star India. 

The company agreed to transfer these assets as a part of the complex three-way merger of its media assets with media streaming and other media assets controlled by the U.S.-based Walt Disney Company. 

NLC India increased 0.3% to ₹290.25, and the company said it plans to increase its renewable energy capacity to 10.1 GW from 1.4 GW by 2030. 

REC Limited declined 1% to ₹554.60, and the power generation company raised $500 million through the sale of bonds maturing in September 2029.

Zydus Lifesciences decreased 0.5% to ₹1,070.05, and the company received a U.S. regulatory approval to make generic Enzalutamide capsules, a prostate cancer treatment drug. 

The drug has a potential U.S. market size of $870 million.

Sterling and Wilson Renewable Energy decreased 2.2% to ₹635.40, and Shapoorji Pallonji Group and Khurshed Yazdi Daruvala sold a 7.14% stake in the company for ₹1,040 crore.