PNB, IB Housing, Chemical to Fertilizer Stocks - here are top Buzzing Stocks today msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
After a brief recovery, the domestic equity benchmarks once again slipped into the negative terrain in morning trade. The Nifty managed to hold above the 15,000 mark. Realty shares rose for the third day.
At 10:20 IST, the barometer index, the S&P BSE Sensex, was down 70.91 points or 0.14% to 50,122.42. The Nifty 50 index lost 21.15 points or 0.14% to 15,086.95.
The broader market was trading higher. The S&P BSE Mid-Cap index gained 0.56% while the S&P BSE Small-Cap index rose 0.63%.
The market breadth was strong. On the BSE, 1700 shares rose and 915 shares fell. A total of 128 shares were unchanged.
The undertone of the market was upbeat amid hopes of reopening of economic activity soon as fresh daily Covid cases decline. Encouraging quarterly results also boosted sentiment.
Synopsis
Embassy Industrial Parks a 70-30 joint venture between Warburg Pincus and Embassy has total 22 million sq ft logistics assets across India s major consumption centers including metros.
Being one of the largest owners of warehousing spaces globally, the group is moving swiftly to create a large portfolio in India and market watchers say that it is in advanced talks with developers to acquire and build warehousing assets
Private equity major Blackstone Group has acquired Embassy Industrial Parks at an enterprise valuation of Rs 5,250 crore from Warburg Pincus and Embassy Group in the largest yet logistics and warehousing deal in the country.
Embassy Industrial Parks – a 70-30 joint venture between Warburg Pincus and Embassy – has 22 million square feet logistics assets across the country’s major consumption centres, including metros.
Highlights
Jhunjhunwala trimmed his investment in Titan in the March quarter.
He sold a little over 1.5 lakh shares of ION Exchange in the March 2021 quarter.
GMR Infrastructure is yet another stock that Jhunjhunwala appears to be maintaining distance from.
Rakesh Jhunjhunwala, the stock market veteran also known as the big bull, is followed by many investors. Who can forget his key investments in firms like Titan, which also helped him become a billionaire.
However, in the March quarter, Jhunjhunwala reduced in several firms, including Titan Company. Here’s a list of all the companies, whose stocks were sold by Jhunjhunwala in the March quarter:
The barometers came off the day s high in mid-morning trade. The Nifty traded above the 14,800 mark amid positive global cues. All sectoral indices on the NSE traded in the green. Global stock market advanced as investors welcomed a strong jobs report from the United States that reinforced optimism that the world s top economy is well on the recovery track. The White House s support for a global waiver on patent protections for Covid-19 vaccines also cheered investors.
At 10:28 IST, the barometer index, the S&P BSE Sensex, added 332.76 points or 0.68% at 49,282.73. The Nifty 50 index was up 101.55 points or 0.69% at 14,826.05.
In broader market, the S&P BSE Mid-Cap index was up 0.23% while the S&P BSE Small-Cap index was gained 0.54%.