Shares of JMC Projects surged nearly 20 percent intraday on Wednesday, hitting the day's high at Rs 132.10 per share. Shares jumped after the company had won orders worth Rs 1,059 crore. The company has secured new orders which include orders worth Rs 782 crore of residential and commercial building projects in South and North India. The second order is for water supply project in Jharkhand of Rs 277 crore. At 11.32 am, shares of JMC Projects (India) ltd quoted at Rs 113.15, up 2.68 percent on BSE. The benchmark 30-share S&P BSE Sensex traded 219 points higher, or 0.56 percent, at 39,182.

-Equity benchmarks BSE Sensex and NSE Nifty stared on a tepid note on Wednesday amid weak cues from global markets and foreign fund outflow.

-At 10.14 am, the Sensex gained 126 points higher, or 0.32 percent, to trade at 39,089. The NSE Nifty50 traded over 33 points higher, or 0.29 percent, at 11,622.

-In the previous session on Tuesday, the 30-share BSE Sensex closed 334.54 points, or 0.85 per cent, lower at 38,963.84. The broader NSE Nifty too tumbled 73.50 points, or 0.63 per cent, to settle at 11,588.35.

-Major losers include Yes Bank, Tata Motors, IndusInd Bank, Kotak Bank, HUL, ONGC, M&M, PowerGrid and L&T, shedding up to 2.50 per cent.

-Among the gainers were HCL Tech, Bajaj Finance, TCS, TechM, Axis Bank, Sun Pharma and RIL, rising up to 2 per cent.

Shares of Jubilant Foodworks traded higher on Wednesday after gobal brokerage firm Morgan Stanley retained 'overweight' rating and raised the price target by 8 percent to Rs 1,650 a share after the company's earnings beat analyst estimates and management confidence over the food-service sector's long-term prospects. MS believes that opening new stores was likely to boost revenue growth by over 7 percent in 2019-20 (April-March). In July-September, the company net added 34 Domino's Pizza outlets. Shares of Jubilant Foodworks quoted at Rs 1,499.20 per share, up Rs 70.35, or by 4.92 percent on NSE at 10.01 am. The broader Nifty50 was down by 14.50 points to trade at 11,574. The BSE Sensex slipped 37 points to 38,927.
 

Tata Motors shares fell 2.65 percent intra-day on Wednesday as outlook for subsidiary Jaguar Land Rover weakened after the UK Parliament rejected Prime Minister Boris Johnson's attempt to fast-track a Brexit deal through Parliament. A UK-EU deal being ratified would be significant for Tata Motors as Jaguar Land Rover's operations contributes around 70 percent to the company's total revenues. The EU and the UK together make up 40 percent of Jaguar Land Rover's revenues. Jaguar Land Rover could face severe supply chain disruptions if the UK leaves the EU without a deal, given that the UK is the company's largest production base. Shares of Tata Motors quoted at Rs 128.30, down 2.62 percent on NSE at 9.46 am. The broader Nifty50 added 6 points to trade at 11,594. 

The Indian rupee opened lower by 7 paise at 71 per dollar on Wednesday versus Tuesday's close of 70.93. The Sensex settled 100 points higher, or 0.26 percent, at 39,063 in the pre-open, while the Nifty50 was up by just 8 points at 11,596. 

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