Tata Power gained more than a percent after its unit acquired Welspun Renewables Energy Private Ltd while Reliance Communications rose nearly 2 percent on merger with Aircel.
Yes Bank fell nearly 4 percent on a media report the Securities & Exchange Board of India is looking into the lender’s notices to stock exchanges about the planned equity placement (QIP), the surge in the Yes Bank scrip in the run-up to the issue date and its intra-day fall before the announcement to call off the issue.
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Best Advisory Company presents Commodity Market Round up
Gold remained under pressure ahead of a closely-watched U.S. retail sales report.
Silver prices seen supported as the market waited for clues on the timing of interest rate rises in the United States.
Crude oil prices dropped after data showing large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles.