Getty ImagesAlstom T&D India(up 15.00%), Hitachi Energy India(up 7.60%), GE Power India Limited(up 4.14%), Inox wind(up 3.43%), Reliance Power(up 1.64%), NHPC(up 0.99%), Power Grid Corporation of India(up 0.92%), Adani Power(up 0.71%), KEC International(up 0.67%) and JSW Energy(up 0.62%) stood among the top gainers.
Orient Green Power Company(down 4.66%), RTNPOWER(down 4.41%), Jaiprakash Power Ventures(down 3.23%), Indo Tech Transformers(down 2.63%), Energy Development Company(down 2.59%), Transformers and Rectifiers(India)(down 2.57%), Tata Power Company(down 1.82%), Indowind Energy(down 1.72%), PIGL(down 1.69%) and Torrent Power(down 1.32%) were among the top losers of the day.
The NSE Nifty50 index ended 186.8 points down at 18069.0, while the 30-share BSE Sensex closed down 694.96 points at 61054.29.
Titan Company Ltd(up 2.34%), UltraTech Cement(up 1.69%), Maruti Suzuki(up 1.68%), Nestle India(up 1.5%), Hero MotoCorp(up 1.3%), Apollo Hospitals Enterprises(up 1.08%), Asian Paints(up 1.01%), ITC(up 0.98%), Power Grid Corporation of India(up 0.92%) and Larsen & Toubro(up 0.87%) stood among the top gainers in the Nifty pack.
On the other hand, HDFC Bank(down 5.91%), HDFC(down 5.58%), IndusInd Bank(down 5.4%), Hindalco Industries(down 2.53%), UPL Ltd(down 2.28%), Tata Steel(down 2.16%), Mahindra & Mahindra(down 1.66%), HDFC LIFE INSURANCE(down 1.24%), NTPC(down 1.19%) and Infosys(down 1.13%) closed in the red.
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- Wadias may Seek IBC Rule Waiver to Bid for Go First
The Wadia Group, which owns Go First Airlines, could seek a waiver from the Insolvency and Bankruptcy Code (IBC) rules that bar promoters from bidding for their own companies because the cash-strapped carrier’s account with banks is still marked as standard, said people with knowledge of the matter.
No Big-Bang Rejig; Will Rationalise Costs and ReinvestThe newly inducted chief of Cognizant Ravi Kumar S has a clear brief. The 48-year-old has been tasked with reviving the fortunes of the US-based software exporter that has grown slower than peers and seen an exodus of senior leaders. It is a challenge that Kumar is betting the firm can overcome with its “entrepreneurial spirit”.
D-Street Indices Climb to 2023 PeakIndia’s primary equity gauges surged nearly 1% Thursday to their highest this year, and to within a touching distance of all-time records, as Mumbai shrugged off the weakness evident in Europe and parts of Asia over continued uncertainty surrounding the US Federal Reserve's future interest-rate trajectory.
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