Boom Returned to the Stock Market, Sensex Closed at 36980

The Indian stock market has returned brightly on the last trading day of the week. At the end of business, the SENSEX closed beyond 10 thousand 980.
Boom Returned to the Stock Market, Sensex Closed at 36980

Amid positive global cues, the Indian stock market is slowly returning. In the last hour of trading, the Sensex rose 323 points to close at 36,981 levels due to a spurt in auto and metal stocks. At the same time, the Nifty also gained 98.30 points to 10,946.20.

At the end of the business, Tech Mahindra and Maruti's shares gained nearly 4 percent. Similarly, shares of NTPC, Tata Steel, Axis Bank and Bajaj Auto also closed with gains of over 3 percent. Tata Motors, Mahindra, Bajaj Finance, Kotak Bank, Hero MotoCorp, Vedanta and Powergrid also rose more than 2 per cent. Meanwhile, shares of Yes Bank, SunPharma, SCHL and TCS closed at the red mark. Meanwhile, the rupee rose 28 paise to 71.84 against the dollar in trading on Friday. On Thursday, the rupee had gained 28 paise to close at 71.84 per dollar.

BHEL gets contract, share increases
Government engineering company BHEL's stock rose nearly 1.17 percent. The company's shares reached a price of Rs 51.75. Actually, BHEL has got a contract of Rs 450 crore for the expansion of Bhilai power project in Chhattisgarh. According to the statement issued by BHEL, "This Rs 450 crore contract has been offered to NTPC – SAIL Power Company. This company is a joint venture of NTPC and SAIL". Designing the scope of BHEL's work in this contract. , Engineering, civil work, supply, installation and commissioning.

Raising in Prabhat Dairy
During the trading, shares of Prabhat Dairy registered a gain of 20 percent and due to this, the upper circuit reached Rs 78.15. Actually, the board of directors of the company will decide to voluntarily delist the company's shares on September 10. The promoters of the company want to buy 4.8 crore shares i.e. 49.90 percent stake from the shareholders. He currently holds a 50.1 percent stake in the company.

Loss to Indiabulls Housing Finance
Indiabulls Housing Finance shares fell 10 percent during trading. This is the lowest level of the company in the last 52 weeks. At the end of trading, the shares closed down about 5 percent. The reason for the loss to the company is the legal dispute of its promoters. The promoters are alleged to have misused the company's funds.

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