The Committee of Creditors (CoC) of Jaypee Infratech approved the bid of National Buildings Construction Corporation (NBCC) to acquire assets of this debt-laden company under insolvency process. Post this move, the stocks of Jaypee jumped over 9 per cent on Wednesday.

The company is planning to sell around 85-90 per cent of the apartments, opened for sale and having revenue opportunity worth Rs 300-325 crore, in a short span of time.

 The market opened in the green on 18th December. Previous day witnessed the Sensex rising up by 1.01 percent to end at an all time high at 41,352.17 and the Nifty rose by 0.92 percent to close at record high at 12,165. 

The market opened in the green on 18th December. Previous day witnessed the Sensex rising up by 1.01 percent to end at an all time high at 41,352.17 and the Nifty rose by 0.92 percent to close at record high at 12,165. 

The market opened in the green on 18th December, overall volumes in futures & options currently stand at 1.37 crore contracts with a turnover of Rs. 9,99,956.44 crore.

The market opened in the green on 18th December, overall volumes in futures & options currently stand at 1.37 crore contracts with a turnover of Rs. 9,99,956.44 crore.

The Nifty and the BSE Sensex scaled new highs on Tuesday and, if we go by the early trends in the SGX Nifty, the markets are likely to extend their gains on Wednesday. However, market participants will keep the GST council meet on radar, which is due late in the day and the outcome of this meet may dictate the future course.

If the index sustains above the level of 12,183, it would open gates for short-term target of 12,300. On the flip side, the support for the index is seen around 12,070 level. Stocks in news: HFCL, NMDC, Bank of Baroda, TCS, Goodyear India.

On Tuesday, Axiscades Engineering Technologies Ltd. announced that it has been selected by Airbus to work on fuselage, product development, and customer support services across various Airbus locations.

On Tuesday, Quick Heal Technologies announced a strategic partnership with Big C Mobiles to increase the uptake of mobile security solutions in Andhra Pradesh and Telangana region.