Indian stock markets traded flat on Monday before the Winter Session of Parliament. At 10:35 am, the benchmark S&P BSE Sensex rose 9.48 points or 0.02% to 40,366.17, while the Nifty 50 index rose 7.95 points or 0.07% to 11,903.40.
BPCL, Barti Airtel, RCom, Glenmark Pharmaceuticals, Vodafone Idea, Tata Steel, Tata Motors and RIL were among the key stocks in the news today. Read on to find out more:
BPCL: Shares of Bharat Petroleum Corp. Ltd (BPCL) jumped 4% after Finance Minister Nirmala Sitaraman said the government aims to sell its stake in the company by March 2020.
Barty Aitel: Bharti Airtel Ltd shares advanced more than 5% after the company withdrew its bid to buy Reliance Communications after it suspended the creditors' move to extend the bid deadline to Reliance Jio as "exceptional" unjust "and" biased ".
RCom: Shares of Reliance Communications Ltd (RCom) jumped 8.3% after Anil Ambani resigned as director of the company.
Glenmark Farm: Shares of Glenmark Pharmaceuticals VAT rose 9% after global research firm CLSA upgraded its buy-to-sell stake and raised its target to 410 RS from 350 RS.
Vodafone Idea: Vodafone Idea LLC shares rose 23% after a media report said the company believed the government would not be in conflict with the Supreme Court if it provided relief for payments ordered by a court, according to brokerage services.
Tata Steel: Shares of Tata Steel LLC rose 3% after S&P revised the company's stance to "positive".
Tata Motors: Tata Motors DDP shares jumped 2% after the board approved the issuance of a non-performing debt (NDC) worth Rs 500.
RIL: Shares of Reliance Industries Ltd (RIL) rose 1% after Esar Steel, Adani Group and state-owned company GAIL (India) Ltd bought most of the natural gas from the company's newer fields in the KG-D6 block. at an indicative price of $ 5.04. 5.10 per unit, according to the report.
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