After surging over 200 points intraday, the BSE Sensex and NSE Nifty closed flat on Friday. Sentiment were broadly supported by continued gains in Asian shares as investors bet the US Federal Reserve would raise rates in December but proceed cautiously with any further tightening. Sensex closed 26.57 higher to 25,868.49 and Nifty gained 13.80 points to end at 7,856.55
Below are the stocks that made news today
Bosch Ltd: Shares of Bosch Ltd dropped as much as 3.64 per cent in the early trade on reports that the US authorities are investigating Bosch India’s parent German auto supplier Robert Bosch GmbH over its role in Volkswagen AG’s massive scheme to cheat US emission standards. Later, the share price of the company closed 0.84 per cent down at Rs 19038.25.
Canara Bank: Shares of the bank ended 0.43 per cent down at Rs 268.95 after the bank on Thursday said it will raise an additional capital of Rs 2,400 crore by issuing bonds on private placement basis to support its asset growth.
PTC India Financial Services(PFS): Shares of the company gained as much as 3.15 per cent in the early trade after the company said that it has signed a pact with India Infrastructure Finance Company (IIFCL) to provide financing for infrastructure projects. Later, the scrip closed 1.82 per cent up at Rs 41.90.
Jubliant Foodworks: Jubilant Food Works, which operates Domino’s Pizza chain, has partnered with Hyderabad-based start-up Zippr to use latter’s coding method for delivering the orders instead of using consumers’ address. The share price of the company closed 2.12 per cent up at Rs 1433.80.
Gas stocks: Share price of domestic gas companies Petronet LNG and GAIL (India) soared over 8 per cent in the morning trade on Friday as Ras Gas Company (RasGas) has agreed to modify sales and purchase agreement (SPA) with Petronet. Petronet has a 25-year deal with Qatar’s RasGas to buy 7.5 million tonnes of LNG annually.
Jindal Steel and Power: Shares of the company remained in action after the competition watchdog CCI cleared the company of cartelisation allegations. The stock was seen up by more than 15.8 per cent intraday on NSE on the news and closed 7 per cent up at Rs 87.50. on Friday.
