Benchmark indices in India took a breather after scaling new highs in the previous week. The Benchmark Nifty closed at 17853.20 levels up by approximately 250+ point for the week. The Sensex closed at 60048.47 levels , gainning approximately 900+ point for the week.
Institutional Activities:
Significantly, foreign portfolio investors (FPIs) turned net buyers of Indian equities in the week gone by while domestic institutional investors (DIIs) turned net sellers. FIIs net bought Indian equities worth approximately INR 442.49 crore as on 24 September, 2021. And, DIIs net sold Indian equities worth approximately INR 515.85 crore.
Highlights:
- Bharti Airtel likely selected Tejas Network for expansion of its optical network capacity in key metro cities
- Asian Paints plan to increase its capacity of its paint plant at Vishakhapatnam in Andhra Pradesh to 500,000 kl from 300,000 kl and will begin the expansion work shortly.
- KEC international has secured new orders of RS 1157 crores
- BIOCON Co informs USFDA conducted an on- site preapproval inspection( PAI) of CO Malaysian subsidiary Biocon SDN . BHD’s Manufacturing facility for insulin 2 at the conclusion of the inspection, the agency has issued a form 483 with a total of OBSE.
- Ircon International is rising as the construction company wins orders worth RS 2400 cr to set up a 500 megawatt solar power plant.
- ULTRA TECH CEMENT : The company plans to meet 100% of its electricity requirement through renewable source by 2050. It has committed to climate’s group’s RE100 initiative at climate week NYC 2021.
- JINDAL STEEL AND POWER: wins a mining lease for the kasai iron ore mine with a reserve of 278 million tonnes from the odisha goverment
