India Ratings and Research (Ind-Ra) in its latest report has revised its outlook of the steel sector to negative from stable-to-negative for FY21E, amid modest steel demand growth expectations of five per cent and margin pressures led by iron ore price risks.

Godrej Properties Limited has informed the bourses that it has entered into an agreement to purchase land in the upcoming and fast developing micro-market of Chandivali, Mumbai.

Pidilite Industries Limited has entered into a definitive agreement with Tenax SPA (Tenax Italy) for acquiring 70 per cent of the share capital of Tenax India Stone Products Pvt Ltd (Tenax India) for cash consideration of approx. Rs 80 crore (depending upon actual working capital and cash at the time of closing).

Late after the trading hours on Thursday, Hindustan Petroleum Corporation Limited (HPCL) informed the bourses that it had entered into a share purchase agreement with eight nationalised banks for the acquisition of 17.28 per cent shares of Petronet MHB Limited, an associate unlisted company of HPCL. 

The market opened in the red on February 28, 2020, overall volumes in futures & options currently stand at 5.04 crore contracts with a turnover of Rs. 34,32,312.68 crore.

The market opened in the red on February 28, 2020, overall volumes in futures & options currently stand at 5.04 crore contracts with a turnover of Rs. 34,32,312.68 crore.

India’s third-largest hotel chain, Lemon Tree Hotels Limited, through its management subsidiary-Carnation Hotels Pvt Ltd, announced on February 27, 2020, that they have inaugurated their first Lemon Tree Hotel in Bhutan, which becomes the second international hotel after Dubai.

The market opened in the red on February 28, 2020. The previous trading session witnessed the Sensex going down by 143.30 points to end at 39,745.66 and the Nifty was down by 45.20 points to close at 11,633.30.

The market opened in the red on February 28, 2020. The previous trading session witnessed the Sensex going down by 143.30 points to end at 39,745.66 and the Nifty was down by 45.20 points to close at 11,633.30.

It was a virtual carnage across the global markets as they remained rocked by the intensified concern regarding the spreading of Coronavirus. On the Wall Street, Dow plunged 1,100 points on Thursday with even the tech-heavy Nasdaq not being spread. Indian markets are likely to remain under pressure and markets fear a ‘Black Friday’. Hence, we would advise traders to stay as light as possible since the weekend is likely to be wild with all the news flows.