Equity indices ended with small gains on Monday led by firmness in banks stocks. The Nifty closed below the 15,200 mark after trading above that level for most part of the session. The moderation in daily new COVID-19 cases in India improved risk sentiments. Barring FMCG and metal, all the sectoral indices on the NSE ended in the green.
As per the provisional closing data, the barometer index, the S&P BSE Sensex, rose 111.42 points or 0.22% at 50,651.13. The Nifty 50 index gained 22.40 points or 0.15% at 15,197.70.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index surged 0.86% while the S&P BSE Small-Cap index gained 0.7%.
Slice raises ₹165 crore in debt in FY 21
May 24, 2021
The company has processed a transaction volume of over $250 million slice, a new-age credit and payment start-up, has raised a cumulative debt of ₹165 crore in pandemic-struck FY21 from 18 leading financial institutions. This includes Northern Arc Capital Limited, Vivriti Capital Private Limited, AU Small Finance Bank, Incred Financial Services Limited, Pace Fincap Private Limited, Western Capital Advisors Pvt Ltd, and Innoven Capital India Pvt Ltd among others. Out of this, the company raised ₹126 crores in the last five months of FY21.
Catering to India’s youth, slice has over 3,00,000 members and 9,00,000 on waitlist today, 70 per cent of them being young working professionals. The company has processed a transaction volume of over $250 million and plans to achieve a GTV (Gross Transaction Value) run rate of $1 billion FY22. With this, slice also plans to grow its member base by more than 3X to 1 million in 12 mon
Tata Steel will replace ONGC in the 30-share benchmark S&P BSE Sensex effective Monday, 21 June 2021.
Tata Steel was down 1.74% to Rs 1093.10 and ONGC was down 0.22% at Rs 112.45 on the BSE.
Meanwhile, AU Small Finance Bank (up 0.13%), Adani Enterprises (up 0.19%) and Cholamandalam Investment & Finance Company (up 0.59%) will replace Bosch (up 0.59%), LIC Housing Finance (down 0.05%) and TVS Motor Company (up 0.45%) in the S&P BSE SENSEX Next 50 index and the S&P BSE 100 index.
Further, AU Small Finance Bank (up 0.13%) will replace RBL Bank (up 0.70%) in the S&P BSE Bankex.
The Sensex was up 245.84 points, or 0.49% at 50,786.32.
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Key equity barometers bounced back after briefly slipping into the negative terrain in morning trade. The Nifty hovered above 15,200 mark. The moderation in daily new Covid cases in India improved risk sentiments. Barring metal and FMCG, all the sectoral indices on the NSE were in the green.
At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 168.67 points or 0.33% at 50,709.76. The Nifty 50 index was up 30.3 points or 0.2% at 15,205.50.
In broader market, the S&P BSE Mid-Cap index was up 0.52% while the S&P BSE Small-Cap index was up 0.61%.
The market breadth was positive. On the BSE, 1735 shares rose and 1026 shares fell. A total of 156 shares were unchanged.
iProspect, the digital-first end-to-end media agency from the house of dentsu India, has won the digital mandate for AU Small Finance Bank, a Scheduled Commercial Bank and Fortune India 500 Company.