Stock Market highlights: Sensex ends 254 pts higher; Bajaj Finance, Sun Pharma, Tech Mahindra top gainers
Stock Market Updates Today: Bajaj Finance, Sun Pharma, Tech Mahindra were the top Sensex gainers rising up to 2.34%
BusinessToday.In | March 10, 2021 | Updated 16:01 IST
Stock Market highlights: ONGC, Kotak Bank, ITC and HDFC Bank shares were the top Sensex losers falling up to 2.05%.
Sensex and Nifty ended higher today amid positive global cues. While Sensex gained 254 points to 51,279, Nifty rose 76 points to 15,174. Bajaj Finance, Sun Pharma, Tech Mahindra were the top Sensex gainers rising up to 2.34%. Of 30 Sensex stocks, 23 ended in green.
ONGC, Kotak Bank, ITC and HDFC Bank shares were the top Sensex losers falling up to 2.05%.
Stocks to watch: Voda Idea, Godrej Properties, PFC, AU Small Fin Bank, BPCL
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Magma Fin up 5% as shareholders approve share issue to Poonawalla-led firm
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Non-banking finance company Magma Fincorp Ltd (Magma) on Tuesday said its shareholders have approved the company s plan to raise up to Rs 3,456 crore by issuing preference equity shares to Adar Poonawalla-controlled Rising Sun Holdings Ltd (RSHPL) and two members from the promoter group. The members of the company approved with requisite majority the preferential issue of 49,37,14,286 equity shares to RSHPL, Sanjay Chamria and Mayank Poddar at the extraordinary general meeting (EGM) held on Tuesday (March 9), Magma said in a regulatory filing. The company, whose promoter shareholding is slated to be changed to Poonawalla group as per the deal announced earlier this year, will allot 45,80,00,000 preferential shares to RSHPL for a consideration of Rs 3,206 crore.