Larsen & Toubro’s (L&T) construction arm, L&T Construction has informed that its Water & Effluent Treatment Business has secured orders from prestigious clients of two states in India. Shares climbed post the announcement in the noon, however, at the end, closed flat.

The latest industrial production data, gauged by Index of Industrial Production (IIP) for the month of July came in at 4 per cent compared to 1.1 per cent in June 2019 and 6.5 per cent in July 2018.

On the downside, supports are seen around 10,800-10,850 levels. On the upside, Nifty needs to sustain above the 11,055 level to maintain its positive stance, but if it is unable to close above this level, we can consider this rally as a pullback from an oversold condition in a downtrend. Stocks in news: Ballarpur Industries, Dr Reddy’s Laboratories, Biocon, Gravita India.

At the time of writing, the SGX Nifty was up by 6 points trading at the 10,997 level.

The stocks to watch out for September 13 include Granules, Power Grid, OBC, L&T and Thomas Cook.

The share of equity oriented scheme has increased in the overall AUM of the Indian equity MF. Read on to find the great shift.

JM Financials on Thursday announced that the company has acquired 49,16,104 compulsorily convertible debentures (which are convertible into 4,91,61,040 equity shares as per the term of issue) of face value of Rs. 373 per share for cash aggregating Rs. 183.37 crore of JM Financial Asset Reconstruction Company Limited (JMFARC), a material subsidiary of the JM Financials.

Azim Premji and promoter group of Wipro Ltd. have sold shares worth over a billion dollars. The news didn’t go well with the market and stock ended with loss on Thursday.

Granules India informed the bourses on Thursday that it has Establishment Inspection Report (EIR) from USFDA for company’s Bonthapally facility located at Hyderabad.

The pharma company Alkem Laboratories has received Establishment Inspection Report (EIR) for its manufacturing facility located at St. Louis, Fenton Logistics Park, USA.