Live: Sensex\, Nifty Fluctuate; Vodafone-Idea Rebrands Itself As ‘Vi’

Live: Sensex, Nifty Fluctuate; Vodafone-Idea Rebrands Itself As ‘Vi’
Statues of a bear and a bull sit on a windowsill at a stock exchange. (Photographer: Alex Kraus/Bloomberg)

Live: Sensex, Nifty Fluctuate; Vodafone-Idea Rebrands Itself As ‘Vi’

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Stock Reaction: Vodafone Idea

  • Marks completion of the world's largest integration with launch of single-brand identity - 'Vi'
  • Set up world-class network with largest spectrum portfolio, huge capacity and built-in 5G ready technologies
  • Delivering fastest 4G speeds in many markets

Source: Exchange Filing

Shares are off the day's high, currently trading 2.8% higher at Rs 12.39, post the announcement.

Stock Reaction: Steel Strips Wheels

The company has confirmed the order of nearly 12,000 wheels from the U.S. and EU trailer market.

The order, worth nearly $1 lakh will be executed in the month of October from the company's Chennai plant, the exchange filing said.

The company expects orders of similar capacity going forward.

Shares fell as much as 1.5% to Rs 448.5, before recovering post the announcement. The stock is down for the third straight day.

Markets At Noon

  • Benchmark indices continue to fluctuate
  • Nifty down 0.2% at 11,312
  • Sensex down 0.2% at 38,296
  • Nifty Bank down 0.25% at 22,955
  • Nifty Midcap index down 1%
  • Nifty Smallcap index up 0.1%
  • India Volatility Index up 0.8% at 22.33
  • Nifty Auto and Nifty Realty are the top sectoral laggards; down 0.8% each
  • Nifty I.T. is the top sectoral gainer; up 0.6%
  • Bharti Infratel remains the top Nifty gainer; up 4.1%
  • Mahindra & Mahindra remains the top Nifty laggard; down 3.7%
  • 730 stocks on the NSE trade with gains while 1,022 decline

Nifty I.T. Is The Top Sectoral Gainer

Stock Reaction: TCS

The I.T. major has informed the exchanges that it has partnered with TPT South Africa for pioneering its logistics supply chain transformation.

TPT or Transnet Port Terminals is a state-owned freight transport and handling company. TCS will help TPT develop an integrated online marketplace platform by bringing together cargo owners, shipping lines, clearing and forwarding agents, the exchange filing said.

The Cargo Connect marketplace is expected to be ready in the next 12 months.

Shares are at the day's high, gaining as much as 2.1% to Rs 2,337.9. The stock is trading at a record high.