Markets
Sensex tanks over 3%, Bank Nifty tumbles 1,650 pts; bloodbath on D-St wipes out Rs 8 lakh cr investor wealth
Amid panic selling, the total market cap of BSE-listed companies tumbled by nearly Rs 8 lakh crore to Rs 201 lakh crore at close BSE Sensex and Nifty 50 plunged over 3 per cent on Monday as fear of stricter lockdown to curb the second wave of COVID-19 dented...
Market HIGHLIGHTS: Sensex crashes 1,708 pts, ends below 48,000, Nifty at 14,310; IndusInd Bank tanks 8.5%
The rise in covid cases and fear of another lockdown spooked the selling pressure in Banking and financial stocks. Bank Nifty is now trading below its 100 DMA which indicates furthermore bearishness in the near/short term. If Bank Nifty sustains below Rs 31,000 level then it may slide further...
Deccan Gold Mines reappoints Natesan Chinnapan as Additional Director for 2 years term
Deccan Gold Mines has informed that the Board of Directors of the Company on 9th April, 2021, has re-appoints Natesan Chinnapan as an Additional Director (Independent & Non Executive) of the Company for a further period of two years w.e.f. 12th April, 2021 Natesan Chinnapan is a Post-Graduate in...
Thomas Cook India opens its second Gold Circle Partner outlet in Lucknow led by growing travel demand
Given the growing demand for travel and travel related services in Uttar Pradesh, Thomas Cook (India) Limited, India’s leading integrated travel services company has opened its second Gold Circle Partner (Franchise) Outlet in Lucknow. This expansion augments Thomas Cook India’s distribution and reach in Uttar Pradesh to 8 consumer...
Nifty Metal dives 5% amid lower base metal prices, rising Covid cases; Adani Enterprises, SAIL, NALCO slip 9% each
Nifty Metal index was trading on a hotbed led by broad-based selloff across stocks on Monday tracking overall bearish markets. The performance comes amid lower base metal prices globally and a rapid surge in Covid-19 cases across India indicating a renewed lockdown in some states. At around 1.51 pm,...
Nifty FMCG halt gaining spree, index dips 700 points; United Spirits, Jubilant FoodWorks and Godrej Consumer major losers
Nifty FMCG Index collapsed amidst the markets bears. The Index after being on gaining spree for four straight sessions repeated the Monday horror show like last week. The Index shunned over 700 points with United Spirits, Jubilant FoodWorks and Godrej Consumer shedding around 4% each. Britannia and Varun Beverages traded in...
Shri Bajrang Alliance donates 200 Oximeters to prevent pandemic situation in Raipur
Shri Bajrang Alliance Limited (GOELD Frozen Foods) has informed that the company came forward to donate 200 Nos. of Oximeters, in view of wide spread of Covid-19 pandemic in Raipur District, to CMHO, Raipur Meera Baghel in presence of Dr. S Bharathi Dasan, lAS, District Collector Raipur. This donation...
CRISIL assigns AA- / Stable rating on Supreme Petrochem long-term bank facilities; stock hits 52-week high
The credit rating agency also assigned the CRISIL A1+ rating on the companys short-term facilities. Source link
Markets in a bloodbath; Sensex sheds 1,475 pts, Nifty 50 slips 450 pts so far; Bank underperforms; TCS in focus; IndusInd Bank, SBI nosedive
Indian markets nosedived massively on Monday’s session amid weak global cues as investors contemplated the latest upbeat economic estimate from the US Federal Reserve Chair Jerome Powell in comparison to persistent risks from the Covid-19 pandemic. In the opening bell, Sensex has dipped by more than 1,479 points with...
Ansal Housing witnessed multiple ransomware attacks on its IT Infrastructure since Feb 26
Ansal Housing on Friday informed that the company and its subsidiary companies had faced multiple Ransomware attacks since February 26, 2021, consequent upon which the email system had been significantly impacted resulting in non-receipt of any email communication on the email accounts on the domains namely ‘ansals.com’ and ‘sems.in’....
Praj Industries allots 35,620 equity shares under ESOP; Stock ends 2% up
Praj Industries Limited has informed the Exchange regarding the allotment of equity shares under Praj Employee Stock Option Plan 2011 (ESOP 2011). The Committee of Directors of the Company on 9th April 2021, has allotted 35,620 Equity shares of face value Rs. 2/- each to the eligible employees of...
Indian Railways to continue running the trains as per demand
The Railways Ministry on Friday said that Indian Railways will continue to provide trains services as per demand. As per the ministry, currently, Indian Railways is running a total of 1402 specials train services on an average per day. Total 5381 Suburban train services and 830 Passenger train services...
NLC India expands mining capacity by 66%, green power generation enhanced by 39% in FY21
NLC India on Friday said that it has made a capacity addition of 517.5 MW, using ‘first of its kind technology’ during the F/Y 2020-21, with 500 MW of Lignite based Thermal Power and 17.5 MW of Solar with Battery Energy Storage System. With this, the company and its...
Issue subscribed 1.37 times, QIB portion booked 3.06 times
Affordable and Mid Income Housing focused Macrotech Developers Limited also known as Lodha Developers; received bids of 4,94,64,480 shares against the offered 3,61,93,415 equity shares, as per the 5:00 pm data available on the bourses. The portion reserved for Qualified Institutional Buyer category was subscribed 3.06 times While the,...
Westlife Development-led McDonald’s to operate contactless McDelivery till 3 am in Mumbai amid new Covid restrictions
Westlife Development on Friday announced that McDonald’s restaurants will operate contactless McDelivery till 3 am from select stores in Mumbai, in wake of the new restrictions announced to curb the spread of COVID-19 infections in Maharashtra. Further, Mcdonald’s will be doubling down on its convenience channels of McDelivery, takeaway...
ICRA reaffirms credit ratings on Fine Organic Industries’ long term instruments; Stock ends 5% up
Fine Organic Industries has informed that ICRA Limited has updated its credit ratings of the Company as under: Long term ratings has been reaffirmed to AA- with stable ouotlook and in the same way short term ratings has been reaffirmed to A1+. According to the Rationale report,...
CARE reaffirms credit ratings on Haldyn Glass’ bank facilities; Stock gains 3%
CARE Ratings Limited has rated the bank facilities of Haldyn Glass Limited. Banking facilities has been reaffirmed to CARE A- with stable outlook. Short term ratings for bank facilities has been reaffirmed to CARE A2. According to the Rationale report, the reaffirmation in the ratings assigned to the bank...
Markets close lower; Banking stocks underperformed
Nifty IT index continued its bullish momentum, closing on record highs. Source link
