INSUBCONTINENT EXCLUSIVE:
Indiabulls Group stocks rallied up to 11 per cent on Thursday after reports that the government found no financial irregularity in the deals
entered by its firms.
Gautam Adani-led Adani Gas stole the show by soaring over 15 per cent in the last 15 minutes of trade after reports
that the company received a clean chit on a show-cause notice served on it by the PNGRB (Petroleum and Natural Gas Regulatory Board) in
November 2019.
In the broader market, the benchmark indices remained under pressure ahead of a long weekend
BSE Sensex closed 152.88 points, or 0.37 per cent, down at 41,170, while Nifty fell 45.05 points, or 0.37 per cent, to 12,080
After a flat start, the benchmark managed to inch higher but selling pressure in the latter half not only trimmed the gains but also pushed
In the absence of any major event or local data releases, global markets are currently dictating the trend on Dalal Street and lingering
Idea continued to buzz on Dalal Street with a 45 per cent jump in two sessions
The telecom operator paid Rs 1,000 crore more to the Department of Telecommunications (DoT) towards its statutory dues
Thomas Cook buyback
soon?Shares of Thomas Cook (India) remained locked in the 20 per cent upper circuit limit ahead of a meeting to consider and approve
proposal for buyback of equity shares of the company
The scrip closed Rs 8.20 higher at Rs 49.30
inter alia, consider and approve proposal for buyback of equity shares of the company."
Sterlite Tech gets Rs 1,500 crore orderShares of
Sterlite Technologies gained over 2 per cent to Rs 113.30 after the company bagged new orders worth Rs 1,500 crore
payment services from the State Bank of India, will launch its initial public offering (IPO) on March 2 to raise about Rs 9,000 crore
The proceeds are to be used by the PSU lender to enhance credit growth
The issue will close on March 5
Shares of SBI advanced 2.31 per cent to Rs 327.65.
Max Financial Services climbsShares of Max Financial Services jumped over 9 per cent
Max Life Insurance through fresh issue of equity
The scrip closed 9.41 per cent higher at Rs 565.05.
Asian Paints slips 2 per centShares of Asian Paints declined over 2 per cent amid
reports that the promoters pledged 680 million shares on February 4-5.
YES Bank again in newsHinduja Group is partnering with private equity
firm Cerberus Capital Management LP in seeking to pick up a stake in embattled YES Bank, according to Bloomberg
The scrip closed 0.42 per cent higher at Rs 35.45.
Indiabulls on a rampageBloomberg reported that the Ministry of Corporate Affairs (MCA)
probe found no major irregularities in Indiabulls' deals
As a result, Indiabulls Housing Finance rallied 10.81 per cent to Rs 338.30, while Indiabulls Integrated Services gained 5 per cent to Rs
Another group firm Indiabulls Real Estate added 2 per cent to Rs 89.10 and Indiabulls Ventures gained 8.36 per cent to Rs 217.70.
Suzlon
gets new energyShares of Suzlon got locked in the 10 per cent upper circuit limit amid reports that SBI has agreed to proceed with a debt
restructuring proposal by the wind power firm.
Most active stocksVodafone Idea, YES Bank, Indiabulls Housing Finance, Tata Motors, State
Bank of India, NCC, GMR Infra and Ashok Leyland were the most active stocks in terms of volume while Indiabulls Housing Finance, IRCTC,
IndusInd Bank, Max Financial Services and State Bank of India emerged most active stocks in terms of value.
Who dragged my SensexReliance
Industries (56.30 points), TCS (38.26 points), HDFC Bank (35.46 points), HUL (28.86 points) and HDFC (24.41 points) remained the top five
Asian Paints, with a loss of 2.30 per cent, emerged as the top loser in the Sensex pack
HUL (down 1.85 per cent), TCS (down 1.75 per cent), Nestle India (down 1.38 per cent) and Tech Mahindra (down 1.36 per cent) followed suit.