Nifty futures had been trading 15 points up at 13,534 on Singaporean Exchange, indicating a gap-up begin for BSE Sensex and Nifty 50 on Friday. In the preceding session, the markets took a pause as investors decided to book income. The Nifty declined 50.8 points or .38 per cent to close at 13,478.3 even though the Sensex declined by 143.62 points or .31 per cent to close at 45,959.88. “The overall structure of the market remains positive given abundant liquidity, developments on the vaccine front and signs of economic recovery. The market may however, consolidate in near term given weak global cues,” mentioned Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.
Stocks in concentrate today-
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Stocks in concentrate: IRCTC, TCS, Maruti Suzuki, Mahindra and Mahindra, Eveready Industries
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Share Market Highlights: Sensex snaps gaining spree, ends 143 pts reduce, Nifty closes at 13,478 IRCTC tanks 11%
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Stocks in concentrate: ICICI Bank, Yes Bank, TCS, MTNL, BPCL, Indian Bank, Saregama India
IRCTC: IRCTC offer you for sale (OFS) got a very good response from non-retail investors as the concern was subscribed almost two instances on day one particular. The promoter, Government of India will sell 3.2 crore shares, which is anticipated to garner Rs 4,374 crore for the exchequer starved of funds due to the COVID-19 crisis. Retail investors will get likelihood to bid for Indian Railway Catering and Tourism Corp Ltd (IRCTC) offer you-for-sale (OFS) on Friday, the final day for the concern.
UPL: UPL Ltd share cost plunged almost 11 per cent on Thursday following a whistleblower claimed that the organization promoters had been siphoning off revenue.
TCS: Tata Consultancy Services has expanded its business enterprise operations in Austin, Texas with the building of a new facility, doubling its presence to more than 400 pros in the city and adding to its 5,500 plus workers across the state.
HCL Technologies: HCL Tech announced its entry into Vietnam. Marking its presence inside the area, HCL aims at boosting employment, giving sources and skilling regional talent to serve its international consumers.
TVS Motor Company: TVS Motor Company Chairman and MD Venu Srinivasan on Thursday mentioned members of the TVS loved ones have agreed to subscribe to the terms of a memorandum of loved ones arrangement to align and synchronise the ownership of shares in a variety of group organizations. In a letter posted on BSE, Srinivasan mentioned the senior members of the TVS loved ones would deliberate to implement the loved ones arrangement.
Muthoot Finance: Muthoot Finance on Thursday announced its plans to raise Rs 1,000 crore for lending activities by issuing secured redeemable non-convertible debentures (NCDs). The concern is with a base concern size of Rs one hundred crore with an solution to retain more than-subscription of up to Rs 900 crore, aggregating the tranche limit of Rs 1,000 crore, the organization mentioned.
Mahindra & Mahindra: ICRA has affirmed Mahindra & Mahindra Limited’s Long-Term Issuer Rating at ‘ICRA AAA’ with a steady outlook. The ratings reflect the robust economic profile of M&M, characterised by wholesome money flows on the back of its diversified business enterprise across varied sectors, robust profitability in its core organizations and superior liquidity in the kind of sizeable money as nicely as liquid investments.