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why is sensex falling today: Sensex tanks! But these stocks are up 10%

NEW DELHI: Domestic equity indices, BSE Sensex and NSE Nifty, were trading in the red on Monday on account of selling in frontline bluechip counters. Shares of United Drilling ( 17.11 per cent) , Rasi Electrodes ( 16.14 per cent) , Ajanta Soya ( 12.44 per cent) , Gallantt Ispat ( 12.02 per cent) , NIIT ( 11.43 per cent) , Mahaan Foods ( 10.00 per cent) , Arfin India ( 9.98 per cent) , United Credit ( 9.89 per cent) , A Infrastructure ( 9.77 per cent) and Polymech Machine ( 8.78 per cent) rallied over 10 per cent. The 30-share Sensex was trading 1396.34 points down at 48633.49, while the 50-share Nifty index was 394.3 points down at 14473.05. In the Nifty 50 index, 5 stocks were trading in green, while 45 stocks were in the red.

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Gallantt Ispat consolidated net profit rises 1531 67% in the December 2020 quarter

Gallantt Ispat consolidated net profit rises 1531 67% in the December 2020 quarter
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Gallantt Ispat files scheme of amalgamation with NCLT

Gallantt Ispat announced that the company has successfully filed application with the Hon ble National Company Law Tribunal (NCLTJ, Kolkata Bench and Delhi Bench in the matter of Scheme of Amalgamation of Gallantt Ispat (GIL), AAR Commercial Company (AAR), Hipoline Commerce (Hipoline), Lexi Exports (Lexi) and Richie Credit and Finance (Richie) with Gallantt Metal (GML) and slump sale of power plant undertaking of GIL to GML under sections 230 to 232 of the Companies Act, 2013. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals strong

West bengalGallantt ispatHonble national company law tribunalHon ble national company law tribunalKolkata benchDelhi benchHipoline commerceLexi exportsRichie creditGallantt metalCompanies actCapital marketமேற்கு பெங்கல்கள்ளந்த்த் நான் துப்பினேன்க ரவ ப்ளே தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம்கொல்கத்தா பெஞ்ச்

market outlook: Ahead of Market: 12 things that will decide stock action on Thursday

Explore Now NEW DELHI: Continuing its recovery path, the Nifty gained 1 per cent on Wednesday forming a bullish candle on the daily chart. Rohit Singre, Senior Technical Analyst at LKP Securities said, “On the hourly chart, it seems index is in V-shaped recovery and if it turns to be true then we may see a current pullback to extend further towards 13,775, which is previous swing high and on other hand, good supports are formed near 13,550-13,460 zone.” Market is continuing its rally amidst concerns over new virus strain, lockdown and weak global cues, fueled by IT, mid and smallcaps. The additional stimulus announced in the US did not gain much momentum in the global market as the quantum of the benefit was well-factored, but Europe and EMs are maintaining buoyancy. In the coming days, the market will also focus on Brexit trade deals, which are expected to be finalized soon and fallout in the economy due to strict lockdown, said Vinod Nair, Head of Research at Geojit Financ

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