The market on Thursday, February 25 is expected to give a positive start as the SGX Nifty was trading 227.50 points or 1.54 percent higher at 15,033.50 at 7:15 am.
Market Movers: Banks soar on short squeeze; 64 stocks blink buy
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In the broader market, the gains were milder as Nifty Midcap 100 and Nifty Smallcap 100 ended 1 per cent and 0.9 per cent higher, respectively.
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The Nifty50 index ended 1.9 per cent, or 274.20 points, higher at 14,982, while Sensex closed at 50,781.69, up 2.1 per cent or 1,030.3 points.
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MUMBAI: A chaotic day on the bourses ended with a sharp rally in extended trading hours as traders rushed to cover their short positions in the market ahead of the expiry of the February derivative series on Thursday.
Trading was halted on the National Stock Exchange for more than three hours today after a technical glitch freezed price feeds. Ultimately, trading resumed at 3:45 pm till 5 pm to allow for an orderly close of the session.
Aditya Birla Fashion and Retail Ltd announces strategic partnership with Tarun Tahiliani
Posted On: 2021-02-24 00:21:02 (Time Zone: Arizona, USA)
India s leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India s ace designer Tarun Tahiliani to form a new entity that will soon launch a contemporary men s ethnic wear brand. The new brand will operate in the premium occasion wear segment and will offer the entire range of high quality, sophisticated celebration wear for men at accessible price points. The new brand aims to build a Rs 500 Cr business in the next 5 years with more than 250 stores across the country. The brand will launch the first set of retail stores by September 21. ABFRL will hold 80% stake in the new entity while Tarun Tahiliani will hold the remaining 20%.