Exide Industries starts work on lithium-ion cell making plant, first phase to be operational by end of 2024: Bloomberg
Forex reserves are not a concern, India has large reserves to tide over this situation. Volatility in #crude oil price doesn’t impact the fiscal, Economic Affairs Secy to CNBC-TV18@FinMinIndia pic.twitter.com/EL1mvETVAy
— CNBC-TV18 (@CNBCTV18Live) September 27, 2022
Market update at 2 PM: Sensex is up 229.00 points or 0.40% at 57374.22, and the Nifty added 69.90 points or 0.41% at 17086.20.
Gainers and Losers on the BSE Sensex
Silicon Rental Solutions IPO to open for subscription on Sept 28
Silicon Rental Solutions has fixed the price brand of ₹98 per equity share for its forthcoming public issue on BSE SME Platform through the fixed price route.
The issue size comprises issuance of up to 27.12 lakhs equity shares of the face value of Rs 10 each fully paid-up shares through the fixed price process. The issue will open for bidding on September 28, 2002 and close 30 September 2022.
Rupee Updates:
Indian rupee trading higher by 21 paise at 81.41 against its previous close of 81.62 per dollar.
Orient Bell completes expansion at Hoskote plant in Bengaluru
Orient Bell announced completion of expansion at its Hoskote plant in Bengaluru district. This expansion involved capex of around Rs 34 crore well ahead of schedule.
With this the total capacity of the company has increased from 32 MSM per annum to 33.8 MSM per annum including 10 MSM per annum of the associated entities.
Orient Bell was quoting at Rs 609.35, up Rs 10.45, or 1.74 percent.
BSE Smallcap index gained 0.5 percent supported by the HCC, Jtekt India, State Trading Corporation Of India
Check out stocks that are witnessing a huge surge in volumes traded today. View More
Oil rises as focus turns to possible supply cuts
Oil prices rose more than 1% on Tuesday, after plunging to nine-month lows a day earlier, amid indications that producer alliance OPEC+ may enact output cuts to avoid a further collapse in prices.
Brent crude futures for November settlement rose $1.17, or 1.39%, to $85.23 per barrel by 0644 GMT. U.S. West Texas Intermediate (WTI) crude futures for November delivery were up $1.13 at $77.84 per barrel.
HFCL bags Rs 202.60 crore ordersHFCL has received the Purchase Orders aggregating to Rs 202.60 crore, consisting Purchase Orders of Rs 167.60 crores from Reliance Retail Limited & Reliance Projects & Property Management Services Limited for supply of Optical Fibre Cables and of Rs 35 crores from one of the overseas customer for supply of various types of OFC & its related accessories.
Market at 1 PMBenchmark indices were trading higher in the highly volatile market.The Sensex was up 241.24 points or 0.42% at 57386.46, and the Nifty was up 66.70 points or 0.39% at 17083. About 1705 shares have advanced, 1413 shares declined, and 116 shares are unchanged.
