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Bharat Heavy Electricals said Competent Authority has approved the appointment of Dr Nalin Shinghal as Chairman & Managing Director (CMD) of the company for a period of 5 years.
Benchmark indices rebounded in afternoon with the Sensex rising 89.67 points to 39,776.17 and the Nifty50 climbing 27.80 points to 11,893.40 but the market breadth remained in favour of declines.
About 1,247 shares declined against 1,029 advancing shares on the BSE.About 1,247 shares declined against 1,029 advancing shares on the BSE.
HEADLINES OF THE DAY
Jindal Steel and Power has denied the charges by CBI against the company and its promoters in Urtan Coal Block case. Terming the CBI chargeshgeet faulty, the company in an exchnage filing said, "JSPL reiterates that our Company has done no wrong and we are confident that the truth will emerge during the course of the judicial process/trial, vindicating our stand."
European stocks trade higher again after US President Donald Trump said that trade talks with China have already begun. Britain's FTSE rose 0.3 percent.
Strides Pharma Science said US health regulator USFDA classified company's Puducherry facility as Official Action Indicated (OAI). Stock down 4 percent.
Yes Bank shares plunged nearly 7 percent intraday after a media report indicated that Mumbai-based borrower defaulted on interest payment to private sector lender.
Alembic Pharmaceuticals shares rallied nearly 6 percent intraday as the US health regulator approved Febuxostat tablets that lower uric acid levels.
The crucial resistance for Nifty spot is now seen at 12060 and above this 12200 Support for the immediate term is now placed at 11760 next support will be 11600.
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