Stock Market LIVE Updates: Sensex below 60,000; Nifty below 17,700;
Profit booking began on Dalal Street on Tuesday amid weakness in global markets. FMCG, metals and PSU banks saw buying while the rest of the actors were in the red. After opening in the green, benchmark indices slipped lower. At 1.20 pm, BSE flagship Sensex was down 879 points or 1.46 per cent to 59,198. NSE benchmark Nifty declined 215 points or 1.2 per cent to 17,640.15. “For Nifty, 17,700 shall act as a crucial support while near-term resistance could be seen around 18,000 levels,” said Mohit Nigam, Head – PMS, Hem Securities.
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Zee continues to trade in red. Sebi on Monday confirmed its earlier directive passed against five persons wherein they were barred from the securities market for indulging in insider trading in the scrip of Zee Entertainment Enterprises Ltd.
Price as on 28 Sep, 2021 02:13 PM, Click on company names for their live prices.
HDFC Bank has raised Rs 5,000 crore by issuing bonds on a private placement basis. The stocks is trading 2,32% down
Price as on 28 Sep, 2021 02:11 PM, Click on company names for their live prices.
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State-owned REC has got shareholders’ approval to raise up to Rs 85,000 crore through issuance of non-convertible bonds or debentures. The stock is trading nearly 5% up
Price as on 28 Sep, 2021 02:10 PM, Click on company names for their live prices.
Stent maker Sahajanand Medical Tech files papers with Sebi for Rs 1,500 crore IPO
Cardiac stent maker Sahajanand Medical Technologies has filed preliminary papers with markets regulator Sebi to raise Rs 1,500 crore through an initial share sale. The Initial Public Offering (IPO) comprises fresh issuance of equity shares worth Rs 410.33 crore and an Offer for Sale (OFS) of equity shares to the tune of Rs 1,089.67 crore by selling shareholders, according to the Draft Red Herring Prospectus (DRHP).
LIC seeks to appoint CFO before its mega IPO planned in 2021/22
State-backed Life Insurance Corp of India (LIC) is seeking to appoint a chief financial officer, according to a notification on its website, ahead of an initial public offering slated before the end of the fiscal year. The move to hire a CFO follows a decision to re-designate LIC’s top job to chief executive officer from chairman earlier this year. LIC is currently under going a valuation exercise for an IPO that could be India’s biggest ever as the government seeks to raise around 900 billion Indian rupees by selling 5%-10% stake in the company by the end of the fiscal year that runs through March.
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The National Financial Reporting Authority (NFRA) has found errors in the financial statements of KIOCL for the 2019-20 fiscal and has flagged that the company’s accounting policy for foreign exchange forward contracts was “erroneous”. The findings are part of the watchdog’s Financial Reporting Quality Review Report (FRQRR) of KIOCL for 2019-20, and is also the first FRQRR…
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