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Cholamandalam Investment & Finance Company Share Price : Live NSE/BSE Stock Price Today

Cholamandalam Investment & Finance Company Share Price : Live NSE/BSE Stock Price Today
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NBFC: NBFCs stop lending on fear of rising defaults

Synopsis From an average default rate in collection efficiency at 2-3 per cent in pre-Covid times, non-banking finance companies (NBFCs) are now seeing 6-8 per cent of borrowers missing their payment schedules during the second wave of the pandemic. IIFL Finance has halted fresh disbursements for unsecured loans for micro-businesses & personal loans. Agencies The head of another NBFC in the wholesale lending business said, “Disbursement in Q1 is likely to be lower than that in Q4. (This story originally appeared in on May 24, 2021)Hit with a drop in instalment collections due to the Covid-induced lockdowns across the country, non-bank lenders are slowing fresh disbursements and even halting them for unsecured loans.

Nifty settles below 15,200; broader market outperforms

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%.

Tata Steel, ONGC in action after Sensex rejig

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. Powered by Capital Market - Live News

Indices off day s high; metal stocks lose shine

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.

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