Stocks to Watch: Bharti Airtel, Indiabulls HFC, Ashok Leyland, DHFL, RailTel
Top 10 stocks that could be in news today. (Photo: iStock)Premium
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Bharti Airtel: The telecom operator will conduct an extraordinary general meeting 19 March to seek the approval of board members on the proposal of issuance of equity shares of the company on preferential basis through special resolution. The company had raised $1.25 billion overseas, it said on Thursday.
Indiabulls Housing Finance Ltd: The company has issued foreign currency convertible bonds, it s first such issuance, worth ₹ 1,091 crore, it said on Thursday. The secured convertible bonds are due 2026. The initial conversion price is ₹242 per fully paid-up equity share of the company.
Nifty, Sensex under pressure due to rising bond yields and global cue – Weekly closing report
Moneylife Digital Team
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We had mentioned in last week’s closing report that Nifty, Sensex may try to bounce back. The major indices were volatile and ended with major losses. The trend of the major indices in the week is given in the table:
On Monday, the indices suffered a major correction. On the NSE, there were 561 advances, 1,388 declines and 86 unchanged.
Karnataka Bank reported a fraud to the RBI of about Rs 34.16 crore in credit facilities extended to IL&FS Transportation Networks.
Torrent Power emerged as the highest bidder for 51% privatisation of Power Distribution Company in the UT of Dadra & Nagar Haveli and Daman & Diu.
Ashok Leyland has entered into a share purchase agreement with Nissan International Holding to acquire 5.85 crore shares for a total consideration of Rs70.20 crore constituting 38% in the paid-up share capital of Hinduja Tech
Sensex rallies 258 points, Nifty ends near 15,100; metals, PSBs shine
Stock Market Today: The Indian stock markets were off to a strong start on Thursday.
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Indian stocks rose as normal trading resumed on the National Stock Exchange, a day after the bourse faced its longest-ever outage and had to extend trading hours to help investors square off positions. 25 Feb 2021, 03:40:36 PM IST
Market Closing
Benchmark equity indices ended higher for a third straight session on Thursday with metals and PSU banks accounting for most of the gains, amid strong cues from global peers.
The Sensex settled at 51,039.31, while Nifty closed at 15,097.35. Metal stocks lead the markets.