Stocks from the consumer food industry were also seen buzzing as Hindustan Foods jumped nearly 10 per cent while Tasty Bite Eatables soared 2.5 per cent.   On the stock options’ front, unusual activity was seen in Tata Chemicals CE strikes.

The market opened in red on February 19, 2021.

The market opened in red on February 19, 2021, overall volumes in futures & options currently stand at 8,17,16,388 contracts with a turnover of Rs. 80,21,078.07 crore.

Oil India: Oil India Limited (OIL) in consortium with Engineers India Limited (EIL) has decided to bid for acquiring a 61.65 per cent stake of Bharat Petroleum Corporation Limited (BPCL) in Numaligarh Refinery Limited (NRL). The bid is to be submitted via a formal process.

The stock-specific action would continue as we are seeing the broader markets outperforming the index. Interestingly, Nifty Small-cap index has a lot to catch-up on as it is still trading nearly 19 per cent away from its all-time high level as against most of the key indices. 

RPP Infra Projects Limited (RPP-SMC JV) has received a letter of acceptance (LoA) for a new project worth Rs 176.58 crore. 

On Thursday, Sensex declined by 379.14 points or by 0.73 per cent to close at 51,324.69 levels while Nifty fell by 0.59 per cent or 89.95 per cent to settle at 15,118.95 levels. 

On Thursday, Larsen & Toubro Limited announced that its construction arm had secured a significant order in the nuclear sector by Nuclear Corporation of India (NPCIL) for main plant civil work of Kudankulam 5 & 6 units.   

The company has proposed a buyback of not exceeding 6,97,56,641 fully paid-up equity shares at a price of Rs 150 per equity share on a proportionate basis, through the tender offer process.