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Coal India gained 2.17% to Rs 139.15 after the state-run coal miner announced that its board has accorded its approval to venture into aluminium chain and solar power value chain.
Coal India informed that it will set up three specific-purpose vehicles (SPVs) subject to obtaining concurrence from Niti Aayog and DIPAM. The company will set up solar power value chain business vertical, new & renewable energy (non-conventional) business vertical and Integrated Aluminium complex: a greenfield project by Central Coalfields, a subsidiary of Coal India.
Coal India is a coal mining company, which is engaged in the production and sale of coal. As of 30 September 2020, the Government of India held 66.13% stake in the company.
The domestic equity benchmarks ended near the day s high on Monday, supported by positive global cues. Barring the Nifty Pharma index, all the other sectoral indices on the NSE ended in the green. Banks, metals and realty stocks rallied.
As per provisional closing data, the barometer index, the S&P BSE Sensex, rose 380.21 points or 0.81% to 47,353.75. The Nifty 50 index added 134 points or 0.97% to 13,883.25.
Investor sentiment was upbeat after the U.S. President Trump signed a $2.3 trillion pandemic aid while the U.K. and the E.U. struck a a Brexit trade deal last week.
The broader market ended firm. The S&P BSE Mid-Cap index rose 0.83% while the S&P BSE Small-Cap index rallied 1.49%.
The domestic equity barometers continued to trade with decent gains in mid-morning trade. At 11:22 IST, the barometer index, the S&P BSE Sensex, was up 266.53 points or 0.57% to 47,240.07. The Nifty 50 index added 88.40 points or 0.64% at 13,837.65.
Investor sentiment was upbeat after President Trump signed a $2.3 trillion pandemic aid while the U.K. and the E.U. struck a a Brexit trade deal last week.
The broader market outperformed the benchmarks. The S&P BSE Mid-Cap index rose 0.98% while the S&P BSE Small-Cap index added 1.25%.
Buyers outpaced sellers. On the BSE, 1917 shares rose and 786 shares fell. A total of 167 shares were unchanged.