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Equity benchmarks rallied further on positive European cues ahead of OPEC meeting later today. The Sensex was up 266.59 points or 1.01 percent at 26660.60 and the Nifty gained 86.30 points or 1.06 percent at 8228.45. About 1729 shares advanced against 796 declining shares on the BSE. 2:44 pm Buzzing: Amtek Auto shares jumped nearly 10 percent intraday after the board of directors approved the proposal of fresh capital infusion and restructuring of debt.
In a joint board meeting of Amtek Auto, Metalyst Forgings, ARGL and Castex Technologies, members approved the proposal relating to infusion of fresh capital by new investor(s) and restructuring & reduction of debt subject to the approval of lenders," the company said in its filing. The proposal for the process of monetisation to support the restructuring and debt reduction of the company also approved, it said.