Here is a summary of the content in 400 words:
Indian benchmark indices, the Sensex and Nifty50, ended higher for the fourth consecutive session, boosted by positive domestic and global cues, as well as reduced selling pressure from foreign institutional investors and a decline in the US dollar index. The Sensex rallied 847.13 points, or 1.12%, to end at 76,296.18, while the Nifty50 soared 283.05 points, or 1.24%, to settle at 23,190.65.
The day’s corporate actions included several companies going ex-dividend, ex-split, or ex-bonus, such as Indian Railway Finance Corporation, CG Power and Industrial Solutions, and others. Additionally, several companies announced strategic partnerships and investments, including Tata Consultancy Services’ partnership with The Cumberland Building Society to modernize its core banking ecosystem.
Other key developments included:
* Hindustan Unilever approving an investment in Lucro Plastecycle to strengthen plastic circularity and increase the availability of recycled content for packaging.
* Hero MotoCorp announcing a strategic investment of up to Rs 525 crore in Euler Motors for a 32.5% stake to enter the electric three-wheeler market.
* Manappuram Finance signing a deal with Bain Capital to acquire an 18% stake, led by a preferential allotment of equity and warrants.
* Power Finance Corporation’s subsidiary, PFC Consulting, transferring its 100% stake in Mundra I Transmission to Adani Energy Solutions.
* Glenmark Pharmaceuticals receiving FDA approval for Olopatadine Hydrochloride Ophthalmic Solution, and several other companies receiving regulatory approvals and certifications for their products and services.
Overall, the day saw significant developments in the Indian corporate space, with various companies making strategic announcements and investments to drive growth and expansion.