Sensex gains, GDP growth hit a 3-quarter high

GDP Growth Sensex and Nifty recovered on Friday after falling deeply as India’s GDP growth hit a three-quarter high of 6.3% in Jul-September.

The Automobile stocks such as Tata Motors, Maruti Suzuki were among the major gainers on Sensex pack as auto companies announce their vehicle sales growth for the month of November.

The stock of Bharti Airtel lost the most among the Sensex stocks, down 1.2%. Shares of Oil and Natural Gas Corporation , Tata Motors, Larson & Toubro, Maruti Suzuki, ITC, TCS, Hero MotoCorp and Kotak Mahindra Bank gained up to 1.2 percent, while shares of Coal India, Bharti Airtel and HDFC were the major losers.

In Nifty Index, United Phosphorus Ltd, Tata Motors, Bosch, Zee Entertainment, and ONGC gained the most, while Hindalco, Bharti Airtel, Cipla, IOC and Coal India were the top losers.

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Tata Teleservices and Bharti Airtel to Combine Consumer Telecom Business.

Drug major Sun Pharma said it will increase stake in its subsidiary Ranbaxy Malaysia to 79.5% through purchase of shares.

Mahindra & Mahindra, Shapoorji Pallonji Group and Liberty House of the UK are competing to acquire debt-laden ABG Shipyard.

Tata Consultancy Services (TCS) reported its Q2 earnig numbers on Thursday. Net Profit stood at Rs 6,460 Cr up by 9% on Quarter on Quarter basis.

Piramal Enterprises Ltd approves raising Rs 2,000 Crore through a rights issue.

Construction engineering company Shriram Epc wins Rs 349 crore of multiple orders.

Kotak Mahindra Bank will announce quarterly results today, 13 October 2017.

Bharti Airtel Ltd has announced that it approved the scheme of amalgamation between Tikona Digital Networks and Bharti Airtel Ltd and their respective share-holders and creditors.

NBCC (India) may acquire 3 other govt-owned companies to create a mega construction company for consolidation among public sector firms.