Here are the top stocks to track in today s session:
Vedanta: Anil Agarwal-led Vedanta Resources Plc on Tuesday raised the open offer price for buying shares in its Indian firm to Rs 235 per share, nearly 4 per cent higher than the current trading price. It also raised the offer size to 651 million shares representing 17.5 per cent stake in Vedanta from 10 per cent it had offered to buy earlier.
Magma Fincorp: The company will pare its shareholding in insurance venture Magma HDI by selling stake to ICICI Venture, Morgan Stanley PE, a Poonawalla Group firm and other entities in a Rs 525 crore-deal.
The S&P 500 and Dow Jones retreated late in the overnight session as yields on benchmark Treasury notes lingered close to more than one-year highs. Gains in Apple Inc and Microsoft Corp, however, lifted Nasdaq. With the global economy increasingly on a path out of the pandemic, the focus has turned to the Fed meet outcome later tonight, which will include fresh economic and interest-rate projections. The Dow Jones Industrial Average fell 0.39%, the S&P 500 lost 0.16% while Nasdaq Composite edged up 0.09%. Mirroring the sentiment in US stocks, most Asian markets traded lower ahead of the Fed outcome. Japan s Nikkei index added 0.14% while Australia’s S&P/ASX 200 Index fell 0.4% and South Korea’s Kospi index dipped 0.1%.
Stocks in Focus on March 17: Equity Benchmarks on Tuesday, March 16, 2021, ended almost flat even as the cues from other Asian stocks was positive. The BSE Sensex at Bombay Stock Exchange slipped marginally by 31 points, or 0.06 per cent, to close at 50,364 while the NSE Nifty at National Stock Exchange fell marginally by 19 points, or 0.13 per cent, to settle at 14,910. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, March 17, 2021. List of such five stocks:
Anupam Rasayan IPO + Laxmi Organic Industries IPO + Craftsman Automation IPO + Kalyan Jewellers IPO + Nazara Technologies + Suryoday Small Finance Bank:
Vedanta hikes open offer price for Indian unit to Rs 235 per share timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
Lacklustre day on the cards - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.