MTAR Technologies shares will be listed on the bourses at 10 am today
The domestic stock markets are likely to open in the green on the back of positive global cues. Trends on SGX Nifty indicate a positive opening for the index in India, with a 90-points gain. At 7:30 am, the Nifty futures were trading at 15,119, higher by 90 points or 0.85 per cent, on the Singapore Stock Exchange.
On Friday, the Sensex closed lower by 487 points or 0.95 per cent at 50,792.08 and the Nifty fell 144 points or 0.95 per cent to 15,030.95.
Stocks to watch in trade in today s session (March 15, 2021)
Axis Bank
Axis Bank will acquire a 9.9 per cent stake in Fettle Tone LLP, a promoter of Max Bupa Health Insurance Company, for Rs 90.8 crore.
Axis Bank has entered into definitive agreements with Fettle Tone LLP and the other partners of Fettle Tone LLP on 13 March 2021 in connection with Axis Bank s proposed acquisition of 9.90% of the aggregate partnership interest of Fettle Tone LLP pursuant to a contribution of Rs 90.8 crore by Axis Bank in Fettle Tone LLP s partnership capital.
Fettle Tone LLP is a special purpose vehicle (SPV) set up by True North Fund VI LLP under the IRDAI (Investment by Private Equity Funds in Indian Insurance Companies) Guidelines, 2017.
Fettle Tone LLP is currently a promoter of Max Bupa Health Insurance Company (MBHI) and holds ~55.6% of the total share capital of MBHI.
Key equity indices traded in a narrow range near the day s low in afternoon trade. The Nifty was trading below the 14,800 mark. Rising domestic inflation and increase in COVID-19 cases sapped investors appetite for risk assets.
At 13:20 IST, the barometer index, the S&P BSE Sensex, tanked 859.26 points or 1.69% at 49,932.82. The Nifty 50 index lost 256.65 points or 1.71% at 14,774.30.
Reliance Industries (down 2.25%), ICICI Bank (down 3.39%) and HDFC Bank (down 2.02%) were major drags.
The broader market tumbled. The S&P BSE Mid-Cap index declined 1.80%. The S&P BSE Small-Cap index dropped 1.12%.
Sellers outnumbered buyers. On the BSE, 898 shares rose and 2,049 shares fell. A total of 184 shares were unchanged.
Market declines for 2nd day, Nifty ends below 15,000 mark business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.