BSE Sensex and NSE Nifty 50 ended flat but in opposite directions on Friday. BSE Sensex ended 37 points up at 58803, while NSE Nifty 50 ended in red at 17539. Stocks of index heavyweights such as Housing Development Finance Corporation (HDFC), HDFC Bank, ITC, L&T, and Axis Bank among others helped the index to remain in green. In the broader market, S&P BSE Midcap index ended in red, down 0.35 per cent or 90 points at 25,464, while Smallcap index ended marginally up at 28,801. Sectorally, Bank Nifty index gained 0.3 per cent to end at 39,421 Vinod Nair, …
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Ashok Leyland stock surges nearly 6% after UAE deal
Shares of Ashok Leyland (ALL) rose nearly 6% in Thursday’s trade on the BSE, with the stock closing at a four-year high of Rs 162.80 apiece, riding on the news of the company bagging a mega order for 1,400 school buses in UAE. The commercial vehicle major had closed at Rs 154 apiece on Tuesday. While the shares opened at Rs 155.90 on Thursday, the figure went up to Rs 163.45 before the close. The 55-seater Falcon bus and 32-seater Oyster bus will be supplied from ALL’s $50-million facility in Ras Al Khaimah, the UAE, the only certified local bus-making …