Stock market today: The stock benchmark indices were trading flat with negative bias in the noon deals on Tuesday, September 24, after hitting record highs in the early trade. The S&P BSE SENSEX crossed the crucial 85,000 level for the first time while the broader NIFTY50 of NSE hit a high of 25,981.50.
Here is a list of stocks that made headlines in today's session.
Firstsource Solutions:
Firstsource Solutions shares surged 7% to ₹337.10 apiece on the BSE after the company announced its wholly-owned subsidiary, Firstsource Solutions UK (FSL UK), has acquired UK-based, Ascensos.
The company said it entered into a share purchase agreement with the shareholders of Ascensos to acquire a 100% stake in the company for a consideration of £42 million.
Reliance Power: The stock was frozen at 5% upper circuit limit of ₹40.06 on the BSE after the board of
Reliance Power on Monday approved raising ₹1,525 crore through a preferential issue where promoters will pour ₹600 crore into the company to advance its business.
"The Board of Directors of Reliance Power Limited, at its meeting held today, has approved raising of ₹1,524.60 crore by preferential issue of up to 46.20 crore equity shares and/or warrants convertible into an equivalent number of equity shares of the company at a price of ₹33 per share/warrant," the firm said in a statement.
AstraZeneca Pharma: Shares of the pharma company hit a record high of ₹7,595 apiece on the BSE as the company has received permission to import for sale and distribution of Durvalumab 120 mg/2.4 mL and 500 mg/10 mL solution for infusion (Imfinzi) from the Central Drugs Standard Control Organisation, Directorate General of Health Services, Government of India.
Durvalumab is a prescription drug used to treat certain cancers in adults.
Fusion Finance: The stock tumbled for the second straight session on Tuesday. Shares of the company were trading over 8% lower at ₹252.60 apiece on the BSE after the company during the weekend hinted at a higher estimated credit loss (ECL) provisioning for the second quarter of FY25 as compared to Q1.
In an exchange filing, the company said it will make an ECL provision of up to ₹550 crore in Q2 FY25, up from ₹348 crore provision in Q1 FY25.
VST Industries: Shares of the company were trading over 6% lower at ₹391.15 apiece on the BSE. Last week, ace investor Radhakishan Damani sold 1 lakh shares of the cigarettes and tobacco products manufacturer for ₹4.39 crore in a large deal.
Damani sold these shares in a bulk deal on Thursday, September 19, according to NSE data.
Metal stocks like Hindalco,
JSW Steel, SAIL, among others, were trading with impressive gains. The BSE METAL index was trading nearly 2% higher at 32,784.22 levels.
Metal stocks jumped as China's central bank unveiled a major package of measures aimed at reviving the country's flagging economy. People's Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to increase their lending.
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