Top telecom operator Bharti Airtel topped the buying list, rising 3 percent followed by ICICI Bank with 1.7 percent.Pune based real estate developer Kolte-Patil Developers has acquired a 30 acre land parcel at Kondhwa in Pune along with ASK Real Estate Special Opportunities Fund for Rs 160 crore.

Ashoka Buildcon said its subsidiary Ashoka Concessions has further received fourth tranche of investment of Rs 133 crore, which will be utilised for equity investment into various under construction projects. Ashoka Concessions has received total investment of Rs 623 crore till date.

The Election Commission on Tuesday allowed the Reserve Bank of India (RBI) to announce new bank licences even ahead of general elections set to conclude next month, according to a notice in the commission’s website. The RBI had sought the commission’s approval to issue new bank licences to ensure the process would not clash with the code of conduct ahead of elections, which prevents decisions that may be deemed as political from being taken by government officials or regulators.

The sharemarket  approval came after the RBI missed the March-end deadline for issuing the first bank licence in almost a decade. Public sector India Post and IFCI and private sector Anil Ambani group and Aditya Birla group were among the 25 players in the fray. Bajaj Finance, Muthoot Finance, Religare Enterprises and Shriram Capital have also applied.

Gammon Infrastructure Projects has terminated Yamunanagar Panchkula Project Concession Agreement and Birmitrapur Barkote Project Concession Agreement with NHAI.

The rupee is trading at 59.70/71 versus Friday’s close of 59.91/92 as bunched-up dollar inflows and record high domestic shares aid sentiment. The unit rose to as high as 59.60, its strongest since July 30. Traders say some support for the dollar is likely at around 59.70 levels on the back of importer demand. Trading in the rupee resumed after a two-day break due to a local holiday and annual closing of bank accounts.