Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets place in a powerful shift on Monday, bouncing from deep in the red to finish with gains. On the closing bell, S&P BSE Sensex was at 52,274 points. The index surged 834 points from its intra-day low. The nifty-50 index ended at 15,765. Broader markets followed the trend and closed with gains, some outperforming the benchmark indices. SGX Nifty was trading in the green on Tuesday morning, hinting at a positive commence for domestic markets. Global cues have been positive following Wall Street soared greater on Monday. All main Asian stock markets have been moving greater except Hang Seng.
The Securities Appellate Tribunal (SAT) on Monday permitted PNB Housing Finance to hold its Extraordinary General Meeting (EGM). The housing finance firm is in search of shareholder’s vote on Rs 4,000-crore preferential share allotment to private equity player Carlyle and other individuals, which includes General Atlantic and former HDFC Bank MD & CEO Aditya Puri’s family investment car. The shares are to be priced at Rs 390 apiece for the preferential allotment. The tribunal has, nonetheless, not permitted PNB Housing Finance to disclose the benefits of the voting. Earlier, SEBI had restrained PNB Housing Finance from the preferential allotment following a proxy advisory firm highlighted the proposed preferential challenge was against the interest of public shareholders.