Indian equity indices were unable to sustain early gains and closed in the red on September 18, with Nifty falling below 25,400. By the end of the session, the Sensex had dropped 131.43 points or 0.16 percent to 82,948.23, while the Nifty declined by 41 points or 0.16 percent, finishing at 25,377.50.
Gainers:
- Restaurant Brands Asia: Shares surged 3% after a block deal involving 1.07 crore shares.
- Reliance Infrastructure: The stock jumped 20% following the company’s settlement of obligations with Edelweiss.
- DCM Shriram Industries: Shares rose over 4% after the BSE issued ‘no adverse’ observations for the company’s merger plan.
- REC: The stock climbed more than 3% after signing non-binding MOUs with renewable energy developers.
- Torrent Power: Shares gained over 9% after receiving a Letter of Intent from Maharashtra State Electricity Distribution Company.
- Vakrangee: Share price increased by 7% following the announcement of a strategic corporate agency tie-up with Star Health & Allied Insurance.
- Inox Wind: Shares rose after the company received a Letter of Intent from IGREL Renewables Ltd.
Losers:
- SBI Cards: Shares dipped 1.6% after the announcement of a private placement of securities.
- ZEE: The stock settled lower after the company refuted claims made by Star India Private Limited
