NSE benchmark Nifty gained 77.70 points to end at a fresh record high of 10,894.70 for the third straight day with all sectors ending in green, led by Banking.
Sensex after a gap-up opening at 35,366.45, advanced further to life-time high of 35,507.36, surpassing its previous intra-day high of 35,118.61.
Wall Street’s main indexes were poised to open higher following strong results from Bank of America and a double upgrade on IBM.
Wall Street’s main indexes were higher as strong December retail sales data drove gains in consumer stocks and bank results pushed up the financial sector.
Shares of state-run banks surged up to 8.5 pc after the Parliament's nod for extra expenditure of Rs 80,000 cr towards their recapitalisation through bonds.
The broader NSE Nifty went up to a fresh peak of 10,494.45, but lost it by closing down 19 points, or 0.18 per cent, at 10,444.20.
The Dow edged higher, with a 3 percent jump in shares of Boeing and rise in financial stocks, while losses in tech stocks weighed on the S&P 500 and the Nasdaq.
PNB plunged as much as 7.95 per cent, Allahabad Bank 7.76 per cent and Bank of India 6.80 per cent on the BSE.
The 30-share Sensex surged 435.16 points, or 1.33 per cent -- its biggest single session gain since May 25.
A late surge in banking stocks, spurred by Cabinet decision on consolidation of public banks, pulled markets higher as the Sensex closed up 276 pts.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)