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Read more about MMTC gains after lenders approve debt restructing on Business Standard. MMTC rose 3.25% to Rs 60.40 after the company s lenders led by State Bank of India approved moratorium on loans and interest repayment. ....
Read more about Barometers hit day s high; breadth strong on Business Standard. The key benchmark indices further extended gains and hit fresh intraday high in early afternoon trade. The Nifty was trading above 15,700 level. Barring the Nifty Auto index, all the sectoral indices on the NSE were positive. ....
The main equity indices ended with strong gains on Thursday amid positive global cues. The Nifty closed near the 15,750 level. Barring the Nifty Auto index, all sectoral indices on the NSE ended in green. The barometer index, the S&P BSE Sensex, rose 358.83 points or 0.69% at 52,300.47. The Nifty 50 index gained 102.40 points or 0.65% at 15,737.75. Bajaj Finance (up 7.29%), Bajaj Finserv (up 3.75%), State Bank of India (up 2.56%) and Infosys (up 0.7%) boosted the indices. In the broader market, the BSE Mid-Cap index rose 1.26% and the BSE Small-Cap index gained 1.73%. Both these indices outperformed the Sensex. Buyers outpaced sellers. On the BSE, 2,390 shares rose and 749 shares fell. A total of 152 shares were unchanged. ....
Equity indices ended with strong gains on Thursday amid positive global cues. The Nifty closed near the 15,750 level. Barring the Nifty Auto index, all sectoral indices on the NSE ended in green. As per the provisional closing data, the barometer index, the S&P BSE Sensex, rose 358.83 points or 0.69% at 52,300.79. The Nifty 50 index gained 102.40 points or 0.65% at 15,737.45. Bajaj Finance (up 7.67%), Bajaj Finserv (up 3.82%), State Bank of India (up 2.6%) and Wipro (up 1.86%) boosted the indices. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 1.26% while the S&P BSE Small-Cap index added 1.73%. Buyers outpaced sellers. On the BSE, 2,390 shares rose and 749 shares fell. A total of 152 shares were unchanged. ....
MMTC announced that pursuant to outstanding existing financial assistance/credit facilities Restructuring Scheme approved by Banks of MMTC in terms of above RBI guidelines, the Board of Directors of the company approved the Implementation and Signing of necessary documents in this regard on 8 June 2021. State Bank of India is the lead Banker. Under this scheme, the company has got moratorium/deferment on recovery of interest for credit facilities upto December 2021/March 2022 and for Principal upto March 2022 by different Banks. The final settlement is envisaged out of divestment proceeds of Neelachal Ispat Nigam (NINL). It may be affected by cases/ Anglo Coal, Government directives and Covid-19 pandemic situation etc. Requisite information/records were shared with Banks and subsequently, the company/banks have signed the Master Debt Resolution Agreement, Transfer & Retention Account Agreement and other necessary documents thereto, on 8 June 2021. ....