With effect from August 23, 2017, the BSE will restrict promoters of 200 companies from accessing the securities market for 10 years.
After posting sharp losses in the wake of the upheaval caused at the senior management level, Infosys has rebounded in the morning hour on Tuesday.
With almost all the bank stocks in the negative, Nifty PSU Bank was trading in a bearish mood, down by over 1% intraday in Tuesday’s trading session. It was trading lower by 0.81% at the 3,219.55 level on the NSE at 1000 hours.
In order to reduce its revolving credit facility, Eros Worldwide FZ LLC, the promoter of Eros International Media, has completed the sale of 11,716,850 shares of EIML between April to August 2017, amounting to over USD 40 million (Rs 256.2 crore).
The board of Oil and Natural Gas Corporation (ONGC) has given in-principle approval for a proposal to acquire 51.11% of the shares of Hindustan Petroleum Corporation (HPCL) from the Government of India.
With the news that Lupin has received the Establishment Inspection Report (EIR) from USFDA for its Aurangabad facility, the company’s stock picked up momentum and was trading at Rs 948.3, up by 2.76% on the BSE at 0916 hours.
Biocon will transfer the biosimilar business of the company by way of slump sale as ‘going concern’ to Biocon Biologics India, a step-down subsidiary of the company, subject to consent of the shareholders. The proposal was approved by the board of the company.
With investors across the globe still unsure about US President Donald Trump’s ambitious economic agenda, the European markets opened at a lower note during the early hours of trade on Monday.
A definitive anti-dumping duty on import of certain ‘textured toughened (tempered) glass’ from China has been imposed by the Ministry of Finance.
VIP Industries, during Monday’s trade, posted a high, extending its intraday gains and trading at over 8%.
The company has planned to diversify its business and focus on each of its verticals with higher operational efficiencies, which will lead to maximisation of its revenue.
Tata Motors is eyeing turnaround by FY18E with a massive expansion plan worth Rs 40,00 crore. The company has lost its market share to Ashok Leyland and Mahindra & Mahindra in the commercial space. The company has posted net loss of Rs 467 crore in the quarter ending June 30, 2017.
The purpose of this right issue is to meet the long-term financing need of capital expenditure, growth plans, and debt repayment.
On Monday, foreign fund house Quinag Acquisition bought 1.51 crore equity shares of Manappuram Finance for over Rs 143 crore. Hence, post this deal, Quinag Acquisition has 1.79% stake in the said non-banking finance company (NBFC).
Following stocks are close to their 52-week low as at 12.47 p.m. on August 22.
The markets on August 22 opened up. BSE Sensex is trading at 31,393.37, up by 134.52 points and the Nifty is trading at 9804.50, up by 50.15 points.
Indian stocks climbed, with all sectoral indices on the BSE Ltd. advancing, led by a metal index. Maximum Put open interest was seen at 9,800 levels at 53.2 lakh shares, open interest was down 10 percent.
The S&P BSE Sensex gained as much as 0.74 percent to 31,484 while the NSE Nifty 50 Index rose 0.76 percent to 9,828. Nifty Futures adds 5.3 lakh shares in open interest and the Nifty premium increased to 17 from 14.
Indian stocks climbed, with all sectoral indices on the BSE Ltd. advancing, led by a metal index. Maximum Call open interest was seen at 10,000 at 58.9 lakh shares.
The S&P BSE Sensex gained as much as 0.74 percent to 31,484 while the NSE Nifty 50 Index rose 0.76 percent to 9,828. Nifty Futures adds 5.3 lakh shares in open interest.