Sensex and Nifty rise as US markets gain on Anthropic IPO (27 Oct)
- Nifty 50 rose 0.14% to 22,632.45 on Monday.
- US markets opened higher driven by falling oil prices and Anthropic IPO.
- Persistent Systems closes QIP at Rs 5,550 per share.
- High Court stays Rs 72.41 crore GST notice for IRCON International.
- Bajel Projects secured EPC orders valued over Rs 1,700 crore.
Indian stock indices Nifty 50 and Sensex closed higher on Monday as international markets tracked positive sentiment driven by falling oil prices and the Anthropic initial public offering. The Nifty 50 index climbed 0.14% to reach 22,632.45, and the Sensex went up by 148.65 points, equivalent to 0.20%, ending at 73,272.48.
In the United States, the Dow Jones Industrial Average rose 0.4% or 212 points, the Nasdaq Composite gained 0.4%, and the S&P 500 increased by 0.3%. Recent articles have discussed factors such as Gift Nifty, foreign portfolio investor outflows, and oil price fluctuations in relation to Indian indices.
Persistent Systems closes QIP and Genus Power approves buyback
Persistent Systems is closing its qualified institutional placement today, allotting 76.83 lakh shares at a price of ₹5,550 per share.
The board of Genus Power Infrastructures approved a share buyback of ₹148 crore at a price of ₹312 per share.
HCLTech, E2E Networks, and Varroc announce strategic expansions
HCLTech completed the acquisition of a 100% stake in Robotic Process Automation.
E2E Networks plans a 5.4 MW NVIDIA Blackwell expansion, which will increase its AI factory capacity to 14.6 MW. Varroc Engineering will invest up to €4.5 million to acquire a 45% stake in Forsee Power India.
High Court stays IRCON GST notice and NCLT approves Samvardhana Motherson scheme
The High Court has stayed a GST notice of ₹72.41 crore issued to IRCON International until the next hearing.
Separately, the NCLT Mumbai approved a composite scheme of arrangement for Samvardhana Motherson.
Central Bank of India restores RTGS system
Central Bank of India has restored its outward RTGS system across all channels following a technical issue in the RTGS server.
The bank reported that no customer financial loss occurred during the outage.
Bajel Projects, CG Power, and Sigma Advanced secure major orders
Bajel Projects secured EPC orders valued at more than ₹1,700 crore.
CG Power’s subsidiary GGT received RDSO approval for a ₹433 crore Kavach 4.0 order.
Sigma Advanced secured a NATO supply order worth ₹973 crore.
UltraTech Cement sets green energy goals and ICRA reviews IDBI Bank ratings
UltraTech Cement targets a grey cement production capacity of 242.9 MTPA by FY28 and plans to attain an 85% green power mix by FY30.
ICRA has placed IDBI Bank’s long-term ratings on watch while maintaining the CD rating at (ICRA)A1+.
CARE assigned an AA+ stable rating to ₹300 crore of bank facilities for GSPL Transmission.
Corporate leadership and business shifts at Aavas, Raymond, and Jio Financial
Aavas Financiers board changes are effective as of October 27. The firm also received corporate agent registration from the Insurance Regulatory and Development Authority of India.
Raymond Realty's arm plans to raise ₹210 crore from the ICICI Prudential Real Estate Development Fund. Riju Jhunjhunwala has been appointed as the Chair of Malana Power and AD Hydropower.
Jio Financial Managing Director Sethia stated that the company has no plans to enter the gold loans segment. TSF Investments intends to dispose of its full 3.74% holding in TVS Holdings to individuals within the promoter group.
Euro Pratik has put its proposed acquisition of a 56% stake in Fabwood Solutions LLP on hold. Shoppers Stop invested ₹10 crore in GSSBBL preference shares, bringing its total investment in the company to ₹135 crore.
Blue Dart has launched a service called International Parcel Connect. Thomas Cook's arm has opened a new resort located in Bandhavgarh, Madhya Pradesh.
Global corporate updates from Indegene, Page Industries, Anthropic, and Microsoft
Anthropic has publicly filed for an initial public offering on the Nasdaq. Microsoft plans to offer buyouts to 60,000 of its workers.
Indegene has incorporated a new step-down subsidiary in Portugal. Page Industries and Yellow Flower Trading LLC have filed separate appeals.
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