Live: Sensex, Nifty Up 1%; JK Cement At Record High

• Reliance Industries' 2,300 Call: Premium down 16.5% to Rs 23. The contract has shed 46,000 shares in Open Interest.
• HDFC Bank's 1,220 Call: Premium down 14% to Rs 19.9. The contract has added 9.3 lakh shares in Open Interest.
• ICICI Bank's 410 Call: Premium up 146% to Rs 15.5. The contract has shed 6.6 lakh shares in Open Interest.

The company has informed the exchanges that it has successfully implemented additional capacity of 3 lakh tonnes per annum of White Cement based Wall Putty.

The installation of the additional capacity has been done at the JK White Village in Madhya Pradesh. Commercial dispatches have also commenced, starting today, the company said.

The installed capacity of JK White in the said unit stands at 7 lakh tonnes per annum. Overall white cement-based Wall Putty manufacturing capacity at 12 lakh tonnes per annum.

Shares gained as much as 3.9% to trade at an all-time high of Rs 1,823.65, post the announcement.

• Revenue up 4% to Rs 1,327 crore
• Net profit more than doubles to Rs 65.8 crore
• Ebitda up 43% to Rs 193.5 crore
• Ebitda margin at 14.6% from 10.6%
• Board approves issue of bonus shares
• To issue one equity share of face value of Re 1 for every three held in the company
• Record date for bonus issue of shares fixed at December 3, 2020
• It has also approved raising of funds through private placement of equity shares through a QIP
• All numbers are compared on a year-on-year basis

Shares are fluctuating between gains and losses, currently trading 0.8% higher at Rs 848, post the announcement.

• Benchmark indices set to gain for second straight day
• Nifty up 0.9% at 11,873
• Sensex up 1% at 40,431
• Nifty Bank up 3% at 24,238
• Nifty Midcap index up 0.4%
• Nifty Smallcap index up 0.7%
• India Volatility Index up 1.7% to 22
• Nifty Media is the top sectoral laggard; down 1.6%
• Nifty Pharma, Nifty Auto index down 1.4% and 1.3% respectively
• Nifty PSU Bank index is the top sectoral gainer; up 3.8%
• Nifty Metal is the other major sectoral gainer; up 1.8%
• Nifty Realty and Nifty FMCG index up over 1% each
• ICICI Bank is the top Nifty gainer; up 5%
• Eicher Motors remains the top Nifty laggard; down 3.4%
• 1,062 stocks on the NSE trade with gains while 728 are declining

The currency ended little changed in today's session after trading in a very narrow range through the session.

The rupee ended at 73.37 against the U.S. Dollar as compared to Friday's close of 73.34. It made an intraday low of 73.42 and a high of 73.35 during the day.

The rupee was the third worst performing currency in Asia for today's session.

The Reserve Bank of India has converted Rs 24,500 crore 2021 bonds into notes maturing in 2031 at a rate of 6.2146%. It has converted notes worth Rs 5,000 crore maturing in 2021 into FRB 2033 at 5.0842%.