Daily Market Commentary - Jan 25, 2021 - Bonanza Portfolio
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Mr Vishal Wagh, Research Head
On Monday Indian equity benchmarks made a positive start but failed to hold their gains and soon slipped below neutral lines. Markets are trading lower in early deals with a marginal cut on account of selling in almost all the sector indices except Materials and Bankex. In the afternoon session, Indian equity benchmarks continued their weak trade, with Sensex and Nifty trading around 48,376 and 14,250 levels.
Asian equity benchmarks are trading mixed on Monday, as the rising new coronavirus cases and death tolls weighed on the market sentiments despite upbeat corporate earnings results and optimism for larger covid fiscal aid in the US.
Tata Motors, on Friday, said it has increased prices of its passenger vehicle (PV) range by up to Rs 20,000 to offset rising input costs and semiconductors. The company will also offer protection from the price increase to customers who have booked Tata passenger vehicles on or before January 21.
Grasim Industries: The firm said it will enter paints business and invest Rs 5,000 crore over the next three years.
IndusInd Bank: UBS Principal Capital Asia on Friday sold nearly 40 lakh shares of IndusInd Bank Ltd worth over Rs 366 crore through an open market transaction.
NTPC: The state-owned power giant, on Friday, said it will raise Rs 2,500 crore through issuance of non-convertible bonds via private placement on January 27.
UBS Principal Capital Asia Ltd on Friday sold nearly 40 lakh shares of IndusInd Bank Ltd worth over Rs 366 crore through an open market transaction. As per the data available on the BSE, UBS Principal Capital Asia offloaded 39.50 lakh shares of the bank at an average price of Rs 928 apiece, valuing the transaction at Rs 366.56 crore. The shares of IndusInd Bank were purchased by BofA Securities Europe SA at the same price, the data showed. According to the shareholding data of IndusInd Bank for the December 2020 quarter, UBS Principal Capital Asia held 2.35 per cent stake in the bank as a public shareholder.
UBS sells IndusInd Bank shares worth over Rs 366 cr
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Last Updated: Jan 22, 2021, 09:56 PM IST
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Synopsis
As per the data available on the BSE, UBS Principal Capital Asia offloaded 39.50 lakh shares of the bank at an average price of Rs 928 apiece, valuing the transaction at Rs 366.56 crore.
The shares of IndusInd Bank were purchased by BofA Securities Europe SA at the same price, the data showed.
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IndusInd Bank Ltd worth over Rs 366 crore through an open market transaction.
As per the data available on the BSE, UBS Principal Capital Asia offloaded 39.50 lakh shares of the bank at an average price of Rs 928 apiece, valuing the transaction at Rs 366.56 crore.
UBS Sells IndusInd Bank Shares Worth Over Rs 366 Crore moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.