Texmaco Rail & Engineering’s board has approved the acquisition of a steel casting foundry, located at Urla Industrial Estate, Raipur, Chhattisgarh from Simplex Castings, as a going concern on a slump sale basis. The said acquisition is likely to result in capacity expansion by more than 50 per cent.

NHPC, a miniratna public sector enterprise, has entered an MoU with Indian Army to construct tunnels at China and Pakistan border areas for storage of ammunition and other war-related equipment.

Gujarat State Fertilizers and Chemicals (GSFC) announced that the company has commissioned 10MW Solar Power Project. This green energy initiative is in addition to its windmill portfolio of 147 MW and Solar Rooftop of 1 MW.

Following stocks are close to their 52-weeks low as at 12:58 p.m. on April 26, 2019.

The markets on April 26, 2019 opened gap up. BSE Sensex is trading at 38,858.32, up by 127.46 points and the Nifty is trading at 11,687.70, up by 45.90 points. 

Rallis India reported its results for the quarter ended March 31, 2018 after market hours on Thursday. The company’s standalone revenue for the quarter came in at Rs. 339.69 crore, registering 8.5 per cent yoy decline.

Largest steelmaker Tata Steel reported its fourth quarter result of FY19, on Thursday. The company’s consolidated revenue from operation for the quarter was at Rs. 42,424 crore, up by nearly 26 per cent from the corresponding quarter of the previous year. 

The Brent Crude oil prices on Thursday hit US$ 75.6 per barrel, a new high of 2019. But later it dipped with the expectation that major oil producers would raise oil production to fill-up for the shortage caused by tougher US sanctions against Iranian oil exports.

The IPO of speciality chemicals company Neogen Chemicals is receiving good response from the investor community. Despite volatility in the equity market, the company's IPO was subscribed more than 2.09 times on Day 2.

Overall volumes in futures & options currently stand at 3.87 crore contracts with a turnover of Rs. 25,68,108.08 crore.