Live: Sensex, Nifty Volatile; Rupee Reverses Opening Losses
Block Deal Alert: Power Grid
About 30 lakh shares of Power Grid changed hands in a single block, Bloomberg data showed. Buyers and sellers were not known immediately.
Money Market Update: Rupee Reverses Opening Losses
The Indian rupee reversed its opening losses against the U.S. dollar. The home currency strengthened past 69 against the greenback.
L&T Acquires Enytire Stake Held By TIDCO In L&T Shipbuilding
Construction company Larsen & Toubro acquired the entire stake held by Tamil Nadu Industrial Development Corporation Limited ('TIDCO') in L&T Shipbuilding Ltd., a subsidiary company, according to its stock exchange filing.
Shares of L&T rose nearly 1 percent to Rs 1,381 after the announcement.
F&O Check: Nifty 11,600 Call Option Gains Falls Over 64%
Nifty’s 11,600 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract fell 64.29 percent to Rs 12. Over 14.85 lakh shares were added to the open interest which stood at over 26.52 lakh shares.
Rail Vikas Nigam Makes Its Stock Market Debut
State-run Rail Vikas Nigam listed at Rs 19 per share on the Bombay Stock Exchange. The stock fell to Rs 18.60 thereafter. The company’s IPO received 182 percent demand.