Adani Power Limited’s resolution plan to acquire controlling equity stake and restructure debt in GMR Chhattisgarh Energy Limited (GCEL) has been approved through the Letter of Intent (LOI) issued dated June 24, 2019 by the consortium of lenders led by Axis Bank, which is acting as the lead lender.

Persistent Systems informed the bourses that its subsidiary Persistent Systems Germany GmbH has entered into a share purchase agreement to acquire 100 per cent stake in the capital of Youperience GmbH for cash consideration of 6.8 million euros.

Ducon Infratechnologies Limited has entered into a strategic tie-up with Sterling & Wilson Private Limited, a flagship group company of Shapoorji Pallonji Group, to jointly bid large-sized FGD tenders. Ducon is an emerging technology company providing solutions in the industrial, infrastructure and digital space to multiple business segments across varied industries.

Following stocks are close to their 52-weeks low as at 2:11 p.m. on June 26, 2019.

The markets on June 26, 2019 opened down. BSE Sensex is trading at 39,485.29, up by 50.35 points and the Nifty is trading at 11,825.70, up by 29.25 points. 

Reliance Infrastructure (RInfra) has bagged one of the largest EPC contracts from Maharashtra State Road Development Corporation (MSRDC). The shares of the company gained 14 per cent intraday.

Overall volumes in futures & options currently stand at 1,65,95,084 contracts with a turnover of Rs.11,57,999.57 crore.

Overall volumes in futures & options currently stand at 1,65,95,084 contracts with a turnover of Rs.11,57,999.57 crore.

If Nifty has to continue this upmove, it needs to get past its 20-DMA, which is placed at the level of 11,856. On the downside, 11,690 is likely to act as an immediate support for the Nifty. Stocks in news: Persistent, NTPC, Jubilant Life Sciences, DCW, Godrej Properties.

At the time of writing, SGX Nifty was trading lower by 23 points at 11,769 level.