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Benchmarks hit day's high; bank stocks in demand

Key equity indices extended early gains and hit fresh intraday high in morning trade. The Nifty was trading near the 15,000 mark. Banks, metals and energy shares were in demand. At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 471.44 points or 0.94% to 50,876.76. The Nifty 50 index added 157.55 points or 1.07% to 14,919.10.
Investors rejoiced after the US Senate approved the U.S. President Joe Biden s $1.9 trillion COVID-19 relief package.
In the broader market, the S&P BSE Mid-Cap index gained 1% while the S&P BSE Small-Cap index rose 1.30%.
The market breadth was strong. On the BSE, 1891 shares rose and 730 shares fell. A total of 173 shares were unchanged. ....

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Muthoot Finance chairman Mathai George Muthoot passes away at 71

Read more about Muthoot Finance chairman Mathai George Muthoot passes away at 71 on Business Standard. MG George Muthoot, the chairman of Muthoot Finance which is the largest gold loan NBFC in the country, passed away this evening in his New Delhi home after a fall, according to the family. ....

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Muthoot Homefin plans to disburse Rs 700 cr home loans in FY22

Muthoot Homefin (India) Ltd (MHIL), a wholly-owned subsidiary of Muthoot Finance, on Sunday said it plans to disburse Rs 700 crore of home loans in the 2021-22 fiscal.
In the first nine months of 2020-21, the housing finance company disbursed Rs 85.6 crore as against Rs 356.4 crore in the same period of the previous fiscal. Currently, it has assets under management of Rs 1,800 crore, a company release said.
The company s Managing Director George Alexander Muthoot said the company is aiming to disburse Rs 700 crore of home loans in FY2021-22. We are steadfastly progressing on taking the Housing for All initiative of the government to the farthest tier II and III locations in the country in order to support the affordable housing needs and aspirations of every Indian. ....

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Board of Muthoot Finance approves fund raising up to Rs 6000 cr via NCD issue

Read more about Board of Muthoot Finance approves fund raising up to Rs 6000 cr via NCD issue on Business Standard. Powered by Capital Market - Live News ....

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Muthoot Finance gains after Q3 PAT rises 17% to Rs 1,007 cr

Read more about Muthoot Finance gains after Q3 PAT rises 17% to Rs 1,007 cr on Business Standard. Muthoot Finance rose 1.53% to Rs 1193.35 after the company s consolidated net profit jumped 16.90% to Rs 1,006.63 crore on 15.93% increase in total revenue from operations at Rs 3,000.78 crore in Q3 December 2020 over Q3 December 2019. ....

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