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Investors richer by Rs 2 9 lakh crore as bulls return to D-Street ahead of long weekend

Investors richer by Rs 2.9 lakh crore as bulls return to D-Street ahead of long weekend Share Getty Images The S&P BSE Sensex index jumped as much as 1.18% to touch 50,092.48 during the session. Related NSE Explore Now NEW DELHI: Metals shone and financial stocks were under spotlight lifting equity benchmarks higher on Thursday ahead of a long weekend. A huge infrastructure spending plan in the US, and superb GST numbers and capital infusion by the government back home boosted the morale of Dalal Street investors. Strong buying interest was witnessed in bank, metal and tyre stocks in afternoon trade, as record GST collections in March perked up the market sentiment. The rollout of Covid-19 vaccines for those above 45 years of age also lifted the mood in the market, said analysts.

MIDHANI soars on recording sales of Rs 810 crore in FY21

MIDHANI soars on recording sales of Rs 810 crore in FY21
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

APSEZ, Tata Communications, AU Small Finance Bank in focus

Adani Ports and Special Economic Zone (APSEZ) received a Letter of Intent (LOI) from the Ministry of Ports and Shipping of Sri Lanka and the Sri Lanka Ports Authority, acting on behalf of the Government of Sri Lanka, pursuant to approval from the Sri Lankan Cabinet of Ministers for the development and operations of West Container Terminal (WCT) in Colombo, Sri Lanka. The offer for sale (OFS) of the Government of India s (GoI) equity in Tata Communications would open on March 16. The central government would divest 10% shares in the company along with an additional 6.12% as Green Shoe Option. AU Small Finance Bank said that the Capital Raising Committee of Board of Directors of the bank approved allotment of 50,00,000 equity shares at the issue price of Rs 1251 per equity share, aggregating to Rs. 625.50 crore pursuant to the QIP issue.

Market nudges higher in early trade

Read more about Market nudges higher in early trade on Business Standard. Key benchmark indices are trading higher in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 171.84 points or 0.34% at 50,566.92. The Nifty 50 index was up 45.10 points or 0.3% at

Stocks to watch: Tata Comm, Adani Ports, AU Small Fin, Nippon Life India

Here are the top stocks that are likely to be in focus today: Tata Communication: Offer for sale (OFS) to divest government’s shareholding in Tata Communications will open Tuesday for institutional investors. The government will sell its 10 per cent stake held in erstwhile VSNL, with an option to sell an additional 6.12 per cent stake. The floor price has been set at Rs 1,161, a 9.8 per cent discount to Monday s closing price. AU Small Finance Bank: The lender has raised Rs 625.50 crore through sale of shares to institutional investors. Adani Ports: The company will partner with John Keells Holdings PLC and Sri Lankan Port Authority to develop the West Container Terminal (WCT) at the Colombo port in Sri Lanka.

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