Nifty, Sensex trending higher – Weekly closing report
Moneylife Digital Team / IANS
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We had mentioned in last week’s closing report that Nifty, Sensex continue to cruise higher. The major indices continued its rally and ended with major gains.
On Monday, the major indices crashed on concerns over a new strain of the Covid-19 virus in the United Kingdom leading to fresh restrictions in European countries which spooked global investors, plunging India s stock markets deep into the red. On the NSE, there were 254 advances, 1,687 declines and 299 unchanged.
Mahindra and Mahindra announced that it will increase the price of its farm equipment sector tractors models from 1 January 2021 due to the increase in commodity prices.
Nifty, Sensex Crash on Fresh Corona Virus Mutant Strain Fears
Moneylife Digital Team / IANS
1
We had mentioned in the previous week’s closing report that Nifty, Sensex continue to cruise higher. On Monday, the major indices crashed on concerns over a new strain of the Covid-19 virus in the United Kingdom leading to fresh restrictions in European countries which spooked global investors, plunging India s stock markets deep into the red. India s equity benchmark indices fell the hardest in seven months. On the NSE, there were 254 advances, 1,687 declines and 299 unchanged.
The broad sell offs which come in the wake of fresh lockdowns in the UK to curb the spread of a new strain of coronavirus, hit investor sentiment. Investors lost Rs7 lakh crore and 500 stocks hit lower circuit today as market participants preferred to book profits, amid weak global cues. Market-capitalisation of BSE-listed firms tanked to Rs178 lakh crore from Rs185 lakh crore on Friday.
Oberoi Realty Limited s subsidiary acquires hotel property for Rs. 1040 crore
Posted On: 2020-12-19 10:24:43 (Time Zone: Arizona, USA)
Evenstar Hotels Private Limited ( Evenstar ), a wholly owned subsidiary of Oberoi Realty Limited, has purchased and taken possession of a hotel property (together with appurtenant
rights, proportionate interest in common areas, and conveniences) situate at Dr. Annie Besant Road, Worli, Mumbai, for a consideration of Rs. 1040,00,00,000 (Rupees One Thousand and Forty Crore only).
The hotel property is a 221 key 5 Star hotel and will be operated and managed under the Ritz-Carlton brand. Prior to the acquisition by Evenstar, the hotel property was owned by Oasis Realty (an association of persons), and is part of the project Three Sixty West developed by Oasis Realty.