The board of directors of Ashok Leyland, in a meeting, approved to acquire up to 6.99 per cent equity shares of Hinduja Leyland Finance Limited (HLFL) from existing shareholders in HLFL.

Ipca Laboratories surged to touch a fresh 52-week high today of Rs 1,615.70 after the company announced that USFDA has partially lifted its ban for APIs of Chloroquine Phosphate and Hydroxychloroquine Sulphate.

The banking major such as Axis, IndusInd and ICICI ended the session cuts as big 28 per cent, 24 per cent and 18 per cent. The market sentiment is so negative that out of 30 stocks on Sensex, 22 ended the session with double digit losses.

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As per the further transaction, the company will issue and allot 12257688 equity shares through a preferential issue to Kubota at an issue price of Rs 850 per equity share, which will be on capital reduction basis thus, making Kubota’s investment of nearly 10 per cent.

The market has seen a high volatility in the past few weeks. SEBI on Friday took few measures to curtail this volatility. These include halving position limits for certain stock futures, restricting short-selling of index derivatives and raising margin rates for some shares.

In the wake of the lockdown, number companies are announcing temporary shut down of production lines

Karur Vysya Bank has launched ‘Enkasu’, a pre-paid card in Karur. In response to the digital initiative of Government of India, the bank undertook ‘Quit Cash Movement’ in Karur – a movement to reduce the usage of cash in the district of Karur.

The market opened in the red on March 23, 2020. The previous trading session witnessed the Sensex going up by 1627.73 to end at 29,915.96 and the Nifty was up by 482 points to close at 8,745.

The market opened in the red on March 23, 2020, overall volumes in futures & options currently stand at 1.20 crore contracts with a turnover of Rs. 6,77,811.46 crore.