Closing Bell
3:30 pm: The Nifty ended the day at provisional 3214.15, higher by 153.8 points or 5.03 per cent from Wednesday's close.
The 50-share index of the NSE recorded a high of 3228.75 during the day from the open of 3061.05.
2:39 pm: Piramal Healthcare Ltd, as part of consolidation of global manufacturing assets, has decided to discontinue operations at its manufacturing facility in Huddersfield, UK. This is an Intermediate/API site catering to the pharma solutions (Custom Manufacturing) business and is one of the manufacturing sites of Piramal Healthcare (UK) Ltd., the company's wholly-owned subsidiary in the UK. In 2005, Piramal Healthcare acquired Avecia Pharmaceuticals which was then renamed as NPIL Pharmaceuticals (UK) Ltd. (now known as Piramal Healthcare (UK) Ltd.). The company had manufacturing facilities in Huddersfield. Grangemouth (Scotland) and Toronto (Canada). The remaining two sites at Grangemouth and Toronto will continue to operate and drive growth for the Pharma Solutions business. The closure will result in a one time cash cost of around Rs. 70 crores which will be incurred in the year ended March 31, 2009. As a result of this closure and increased acceptance of India as a custom manufacturing destination, profitability of the Pharma Solutions business is expected to increase significantly.
Shares of Piramal Healthcare were up 4.4 per cent at Rs 202 on the NSE, after the announcement.
2:15 pm: Steel Strips Wheels Ltd produced 6.04 lakh Wheel Rims during the month of March,as against 5.65 lakh Wheel Rims same month in 2008, recording a growth of 7%. The company has also achieved a sale of 5.83 lakh wheel rims during March 2009 against 5.53 lakhs year ago, recording a growth of 5.5%.
1:45 pm: Larsen & Toubro Ltd has bagged Rs 1344 crore refinery order from MRPL, Mangalore.
12:15 pm: Bharat Seats Ltd's board of directors will meet on April 13, consider and approve the audited financial results for the year ended March 31, 2009, and to recommend the dividend, if any.
11:45 am: Jindal Saw Ltd has informed that 26,00,000 warrants were allotted to Anbeeco Investments Ltd. on preferential basis on May 22, 2008. Each of these warrants was convertible into one equity share of Rs.10 each at a price not less than Rs.819 up to March 31, 2009 at the option of the allotee. As the allottee has not exercised the option to convert the above warrants into equity shares, the amount of advance at 10% of per warrant stands forfeited .
11:30 am: Inox Leisure Ltd has informed that it has discontinued the management of a multiplex cinema theatre situated at Entertainment Paradise, Jaipur, Rajasthan from April 1, 2009.
11:00 am: Hindustan Oil Exploration Co. Ltd has been informed by operator ONGC that the Directorate General of Hydrocarbons has approved the development plan of Gulf 'A' discovery in the Block CB-OS-1. HOEC has 38.07% non-operating participating interest in the said development area. Shares of the company were higher by 4.87 per cent at Rs 71 on the NSE, on the back of this news.
10:40 am: Zydus Cadila has announced tile filing of the IND application for ZYT1 - a novel lipid lowering molecule with the UF Food & Drug Administration. Designed and developed at the Zydus Research Centre, ZYTI is a novel, anti-dyslipidemic agent which may provide an alternative to statins or be an add-on to statin therapy. Dyslipidemic is a clinical condition characterized by an elevation ofcholesterol and/or triglycerides in the bloodstream. Over 80% of patients with coronary heart disease, even those curicntly on medication, the targeted levels thr cholesterol.
Shares of the company were up 0.35 per cent at Rs 275.10 on NSE. The stock charted a high of Rs 280.
10:33 am: Maruti Suzuki India Ltd sold 792,167 vehicles in 2008-09. This marks a growth of 3.6 per cent over last year. The annual sales in 2008-09 is the highest ever by the company, in its 25 year history. The previous highest annual sales were 764,842 units in 2008-09. The company’s sales included exports of 70,023 units in 2008-09, up by 32.1 per cent over sales of 53,024 recorded in 2007-08. The 2008-09 export numbers, the highest ever by the company was led by A-star, the fuel efficient compact car launched in Europe during the year. The export tally includes around 19,000 units of A-star exported to Europe including United Kingdom, France, Germany, Italy, Netherlands, Denmark and Switzerland. 2008-09 marked Maruti Suzuki’s Silver Jubilee year in India.
Shares of the auto biggy were up 4.3 per cent at Rs 826.45 on NSE, after touching a high of Rs 829.55 earlier.
10:27 am: Larsen & Toubro Ltd has bagged two orders worth Rs 1,143 crore from Tata Steel. This comprises Rs 689 crore order for turnkey construction of Dry Crushing & Material Preparation Plant at Joda Mines and Engine-on-Load Scheme at Noamundi Mines and another Rs 454 crore order for Iron Ore & Pellet Handling System at Jamshedpur. Shares of the engineering and construction major were up over 6 per cent at Rs 713.35 on NSE, following this announcement.
10:23 am: Uco Bank has seen capital infusion of Rs. 450 crore from the Government of India. The bank board has decided to allot 45,000 Perpetual Non-Cumulative Preference Shares of Rs. 100,000 each to account for the amount. The relative fund of Rs. 450 crore has been received on March 31, 2009 and the arrangements are being made to credit the amount to the account of the President of India in the D-Mat Account with CDSL. The PNCPs are issued at annual floating coupon to be benchmarked to Repo Rate with a spread of 100 basis points to be reset annually based on prevailing Repo Rate on the relevant date. The PNCPs are not listed and are non-tradable/ non-transferable. On NSE, Uco Bank shares were up 5.74 per cent at Rs 27.65.
10:00 am: There were no losers in the 50-share NSE index.
9:59 am: The early gainers in the Nifty included ICICI Bank (6.5%), Reliance Infrastructure (6.25%), Reliance Capital (6.14%), Suzlon Energy (5.69%), Larsen & Toubro, HDFC, Axis Bank, Punjab National Bank, Tata Consultancy Services, State Bank of India.
9:58 am: The Indian stock market extended the rally Thursday, riding the gains across Asia. The Nifty opened the day at 3061.05 against the previous close of 3060.35. The broad NSE index rallied further to 3171.35, before settling at 3170.85, higher by 110.5 points or 3.61 per cent. The Indian markets will remain shut Friday for Ram Navmi celebrations.
The 50-share index of the NSE recorded a high of 3228.75 during the day from the open of 3061.05.
2:39 pm: Piramal Healthcare Ltd, as part of consolidation of global manufacturing assets, has decided to discontinue operations at its manufacturing facility in Huddersfield, UK. This is an Intermediate/API site catering to the pharma solutions (Custom Manufacturing) business and is one of the manufacturing sites of Piramal Healthcare (UK) Ltd., the company's wholly-owned subsidiary in the UK. In 2005, Piramal Healthcare acquired Avecia Pharmaceuticals which was then renamed as NPIL Pharmaceuticals (UK) Ltd. (now known as Piramal Healthcare (UK) Ltd.). The company had manufacturing facilities in Huddersfield. Grangemouth (Scotland) and Toronto (Canada). The remaining two sites at Grangemouth and Toronto will continue to operate and drive growth for the Pharma Solutions business. The closure will result in a one time cash cost of around Rs. 70 crores which will be incurred in the year ended March 31, 2009. As a result of this closure and increased acceptance of India as a custom manufacturing destination, profitability of the Pharma Solutions business is expected to increase significantly.
Shares of Piramal Healthcare were up 4.4 per cent at Rs 202 on the NSE, after the announcement.
2:15 pm: Steel Strips Wheels Ltd produced 6.04 lakh Wheel Rims during the month of March,as against 5.65 lakh Wheel Rims same month in 2008, recording a growth of 7%. The company has also achieved a sale of 5.83 lakh wheel rims during March 2009 against 5.53 lakhs year ago, recording a growth of 5.5%.
1:45 pm: Larsen & Toubro Ltd has bagged Rs 1344 crore refinery order from MRPL, Mangalore.
12:15 pm: Bharat Seats Ltd's board of directors will meet on April 13, consider and approve the audited financial results for the year ended March 31, 2009, and to recommend the dividend, if any.
11:45 am: Jindal Saw Ltd has informed that 26,00,000 warrants were allotted to Anbeeco Investments Ltd. on preferential basis on May 22, 2008. Each of these warrants was convertible into one equity share of Rs.10 each at a price not less than Rs.819 up to March 31, 2009 at the option of the allotee. As the allottee has not exercised the option to convert the above warrants into equity shares, the amount of advance at 10% of per warrant stands forfeited .
11:30 am: Inox Leisure Ltd has informed that it has discontinued the management of a multiplex cinema theatre situated at Entertainment Paradise, Jaipur, Rajasthan from April 1, 2009.
11:00 am: Hindustan Oil Exploration Co. Ltd has been informed by operator ONGC that the Directorate General of Hydrocarbons has approved the development plan of Gulf 'A' discovery in the Block CB-OS-1. HOEC has 38.07% non-operating participating interest in the said development area. Shares of the company were higher by 4.87 per cent at Rs 71 on the NSE, on the back of this news.
10:40 am: Zydus Cadila has announced tile filing of the IND application for ZYT1 - a novel lipid lowering molecule with the UF Food & Drug Administration. Designed and developed at the Zydus Research Centre, ZYTI is a novel, anti-dyslipidemic agent which may provide an alternative to statins or be an add-on to statin therapy. Dyslipidemic is a clinical condition characterized by an elevation ofcholesterol and/or triglycerides in the bloodstream. Over 80% of patients with coronary heart disease, even those curicntly on medication, the targeted levels thr cholesterol.
Shares of the company were up 0.35 per cent at Rs 275.10 on NSE. The stock charted a high of Rs 280.
10:33 am: Maruti Suzuki India Ltd sold 792,167 vehicles in 2008-09. This marks a growth of 3.6 per cent over last year. The annual sales in 2008-09 is the highest ever by the company, in its 25 year history. The previous highest annual sales were 764,842 units in 2008-09. The company’s sales included exports of 70,023 units in 2008-09, up by 32.1 per cent over sales of 53,024 recorded in 2007-08. The 2008-09 export numbers, the highest ever by the company was led by A-star, the fuel efficient compact car launched in Europe during the year. The export tally includes around 19,000 units of A-star exported to Europe including United Kingdom, France, Germany, Italy, Netherlands, Denmark and Switzerland. 2008-09 marked Maruti Suzuki’s Silver Jubilee year in India.
Shares of the auto biggy were up 4.3 per cent at Rs 826.45 on NSE, after touching a high of Rs 829.55 earlier.
10:27 am: Larsen & Toubro Ltd has bagged two orders worth Rs 1,143 crore from Tata Steel. This comprises Rs 689 crore order for turnkey construction of Dry Crushing & Material Preparation Plant at Joda Mines and Engine-on-Load Scheme at Noamundi Mines and another Rs 454 crore order for Iron Ore & Pellet Handling System at Jamshedpur. Shares of the engineering and construction major were up over 6 per cent at Rs 713.35 on NSE, following this announcement.
10:23 am: Uco Bank has seen capital infusion of Rs. 450 crore from the Government of India. The bank board has decided to allot 45,000 Perpetual Non-Cumulative Preference Shares of Rs. 100,000 each to account for the amount. The relative fund of Rs. 450 crore has been received on March 31, 2009 and the arrangements are being made to credit the amount to the account of the President of India in the D-Mat Account with CDSL. The PNCPs are issued at annual floating coupon to be benchmarked to Repo Rate with a spread of 100 basis points to be reset annually based on prevailing Repo Rate on the relevant date. The PNCPs are not listed and are non-tradable/ non-transferable. On NSE, Uco Bank shares were up 5.74 per cent at Rs 27.65.
10:00 am: There were no losers in the 50-share NSE index.
9:59 am: The early gainers in the Nifty included ICICI Bank (6.5%), Reliance Infrastructure (6.25%), Reliance Capital (6.14%), Suzlon Energy (5.69%), Larsen & Toubro, HDFC, Axis Bank, Punjab National Bank, Tata Consultancy Services, State Bank of India.
9:58 am: The Indian stock market extended the rally Thursday, riding the gains across Asia. The Nifty opened the day at 3061.05 against the previous close of 3060.35. The broad NSE index rallied further to 3171.35, before settling at 3170.85, higher by 110.5 points or 3.61 per cent. The Indian markets will remain shut Friday for Ram Navmi celebrations.
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