1 / 8Automobile stocks climbed higher after the government approved the Production-linked Incentive scheme for the sector. Barring MRF and TVS Motor Co, all constituents on the Nifty Auto index closed higher. Nifty Auto ended nearly 1 percent higher.
2 / 8Barring Bharat Petroleum Corporation, shares of oil explorers like Oil & Natural Gas Corporation, Oil India and Indian Oil Corporation surged 1-4 percent following the rise in global crude oil prices. Higher crude oil prices lead to higher realisation for oil explorers and help shore up their profitability, said analysts.
3 / 8Telecom stocks: Shares of Bharti Airtel, Reliance Industries, Vodafone Idea and Tata Communications surged 0.5-5 percent on Wednesday. The S&P BSE Telecom index rallied over 4 percent after the Cabinet approved a relief package for the telecom sector.
4 / 8ZEEL scrip ended down 2 percent at Rs 255.95 as profit-taking crept in after the recent up move in shares of the media company. Earlier today, the stock had risen over 10 percent and hit a 52-week high at Rs 295.15, as key investors buying a stake in the company had cheered investors.
5 / 8NOCIL: Shares of the rubber chemical maker closed nearly 4 percent higher at Rs 304.30 as the likely imposition of anti-dumping duty on imported rubber chemicals boosted business prospects for the company.
6 / 8Ramkrishna Forgings shares ended nearly 4 percent higher at Rs 1,048 after it secured an export order of Rs 25 Crore from North America.
7 / 8PDS Multinational Fashions shares rose 5 percent to Rs 1,359.95 after the company acquired a 50 percent stake in UK-based Filkor Ltd.
8 / 8Cyient stock ended close to 7 percent at Rs 1,111.40 after the company said it is expanding its digital solutions portfolio for the aerospace industry with PPAP4Aero. PPAP4Aero is a global AS9145 Supplier PPAP Compliance software and services framework for enabling an intelligent supply chain.
