Raymond shares climed 9.63% to Rs 599.8 after the company signed an agreement to sell its 20-acre land parcel in Thane for Rs 700 cr. Raymond's stock has gained after 3 days of consecutive fall.
The filing read,"JK lnvesto Trade (India) Limited (JKIT), an Associate Company of Raymond has entered into an Agreement For Sale (AFS) for its property measuring 78,310 sq. meters (~20 acres) located at VIllage Panchpakhadi, Thane (West) with an affitiate of Virtuous Retail South Asia(VRSA) for Rs. 700 crores subject to payment of taxes, cost of approval as applicable."
The land parcel at Raymond Junction adjoining the Singhania School has a significant advantage in terms of its location and this deal is seen to be iconic as it will bring in significant commercial development in Thane.
Commenting on the development, Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said, "The sale of JKIT land parcel is a major step towards our strategy of asset monetization and value creation for our shareholders."
On Monday, market ended lower for the sixth straight day. Sensex fell 141 points to 37,531, Nifty lost 48 points to 11,126. Healthcare, capital goods, oil and gas sector stocks were the top losers. YES Bank, Axis Bank, Bajaj Auto, ICICI Bank were the top gainers on Sensex. Tata Steel, ONGC and ITC were top Sensex losers.
Market breadth was marginally positive with 635 stocks trading higher compared to 598 falling on the BSE.
On a net basis, foreign portfolio investors (FPIs) sold shares worth a net of Rs 494 crore on Monday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 904 crore, provisional data available with BSE showed.
Shares of YES Bank fell nearly 10% on Wednesday's session after the private lender denied reports suggesting talks between the bank and Microsoft Corporation and two other tech firms for a possible stake sale, as a part of its efforts to raise capital.
Share Market Live: After a positive start, benchmark indices Sensex and Nifty turned flat on Wednesday amid weak global cues and continued forieng fund outflows. Currently, Sensex trades 10 points higher at 37,545 and Nifty is up 3 points at 11,134. 
The Indian rupee opened on a cautious note and fell 20 paise to 71.22 against the US dollar in early trade on Wednesday tracking subdued opening in domestic equities and foreign fund outflows
As the global economy is witnessing “synchronized slowdown”, the effect is “more pronounced” this year in some of the largest emerging market economies like India, said the new International Monetary Fund (IMF) Managing Director, Kristalina Georgieva.
Top Sensex gainers in early session included ICICI Bank, Kotak Bank, L&T, M&M, IndusInd Bank, Asian Paints and HDFC Bank, rising up to 1.39 per cent.
On the global front, ahead of scheduled high level trade talks between the US and Chinese officials on Thursday, US announced visa restrictions against officials of the Chinese government and the Communist Party of China for instituting a highly "repressive campaign" against ethnic and religious minorities, including the Uyghur Muslims, in the country's Xinjiang province.
The share price of Titan Company fell almost 6.5% to Rs 1,177.75 on Wednesday as its jewellery division reported a sharp fall in the sales in second quarter of this financial year, following a sharp surge in gold prices.
IndiaBulls Real Estate share price was locked in the upper circuit of 5% today after the realty firm said it would hold a meeting of the board of directors of the company to consider buyback of shares on October 11, 2019. IndiaBulls Real Estate share price opened 5% higher at 43.10 compared to the previous close of Rs 41.05 on BSE.
The allotment of shares for the initial public offer (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC) will be held from October 9 to October 10 and tentative listing date of the firm on bourses is October 14. Geetanjali Kedia, senior research analyst at SPTulsian.com expects the IRCTC share to list at around Rs 520-Rs 525. That amounts to 64% premium to the issue price of Rs 320 at the higher end.
Maruti share price rose 1.67% intraday to Rs 6741.85, after the carmaker in a press release informed that its premium sedan Ciaz completed its 5 glorious years of being one of the best-selling premium sedan in the country.
Bharat Heavy Electricals Limited (BHEL) has bagged a significant order for the Turbine Generator (TG) and associated packages for the greenfield 2x660 MW Khurja Super Thermal Power Project in Bulandshahr district of Uttar Pradesh. Post the announcement, BHEL shares rose after 2 days of consecutive fall and jumped 2.6% intraday to Rs 43.95 on the BSE.
Benchmark indices Sensex and Nifty ended majorly bullish on Wednesday, backed by positive domestic as well as global cues. While Sensex ended 645 points higher at 38,177, Nifty closed 186 points at 11,313. Sectorally, except for IT scrips, all the other indices ended on a bullish note, with over 3.4% gain registered in banking and PSU banking indices and over 2% advance recorded in realty financial services and metal indices and over 1% gain in pharma and auto stocks.