When we talk about the performance of markets in 2020, the first thing that strikes in mind is the word 'comeback' as markets have made a strong comeback after a severe crash. Wednesday was no different as markets did make a strong comeback and ended near the high point of the day. However, the milestone of 14,000 still seems so near yet to so far on Nifty. 

The level of 14,000 would act as an immediate resistance as this is a round number and any sustainable move above the 14,000 mark, could lead to the 14,200 mark. On the downside, Monday’s gap area (13,771-13,811) is likely to act as an immediate support level as it coincides with the previous all-time high of Nifty. 

The shares of Mayur Uniquoters were trading up by more than 10 per cent on Wednesday on the commencement of planned buyback of 7,50,000 equity shares. The buyback price is set at Rs 400 per share, which is around 28 per cent premium from its current levels.   

Premier Explosives Limited (PEL) has received an enhancement in order from Israel Aerospace Industries Limited (IAI) for the development & supply of EDRM Rocket Motors for a total value of USD 13,84,000 in place of USD 5,20,000. These ordered items are expected to be delivered by September 30, 2021. 

Jindal Steel & Power Limited (JSPL) is a conglomerate operating in the steel, power, mining & infrastructure sector. The company has become the first-ever private company to get the stamp of ‘regular supplier’ from the Indian railways. JSPL would be supplying 60 kg of 880-grade prime (90 UTS) rails, which has been approved by Research Design & Standards Organisation (RDSO) as well as by the Ministry of Railways.   

Welspun Corp Limited today announced that it has received orders of approximately 129 KMT, valued at Rs 1,200 crore. 

From the low of Rs 2,910, which was registered on March 25, 2020, the stock of UltraTech Cement Limited has maintained its rhythm of higher highs & higher lows. The stock gained more than 84 per cent from its 52-week low and has given over 32 per cent returns from year-to-date. 

Bharat Heavy Electricals Limited (BHEL) today announced that it has received a prestigious order for the supply of 32 reactor header assemblies from Nuclear Power Corporation of India Limited (NPCIL). 

Kalpataru Power Transmission Limited (KPTL) announced that it has won orders worth Rs 900 crore in its transmission & distribution (T&D) overseas business. 

On Wednesday, the domestic benchmark indices remained volatile with Sensex fluctuating between green and red. On the other hand, BSE Mid-Cap index was up by 0.10 per cent while BSE Small-Cap index rose by 0.20 per cent.