A flat opening will be expected as SGX Nifty is trading down by just 11 points.
Asian stocks declined with U.S. futures and the dollar rose as Treasury yields climbed back toward recent four-year highs. US markets were closed yesterday on account of President Day's holiday.
🎯 News & Impact 🎯
🎯 Fortis Healthcare :
Company clarifies that it hasn’t gotten any communication about an SFIO probe into the company. (Note: India’s serious fraud office is said to probe Fortis, Religare for alleged irregularities.
Promoters holding falls to 8.85 % from 34.33 % earlier.
Positive for the stock. 👍
🎯 KEC International:
Company's promoter Instant Holdings bought over 1 % stake in the infrastructure major for Rs.111 crore through an open market transaction.
Positive for the stock. 👍
🎯 M&M :
Company to make an additional investment of over Rs.500 crore for electric vehicles and electric components at its Chakan plant.
🎯 Axis Bank :
Axis Bank has hiked its benchmark marginal cost of funds based lending rate (MCLR) by 10 basis points in the three month-tothree-year bucket effective from February 17.
🎯 Sun Pharma :
Sun pharma unit's holding in Ranbaxy Malaysia to rise to 90.7 %.
🎯 HDFC :
HDFC and M&A talks with Apollo Munich.
🎯 GSK Consumer Healthcare :
Company to enter protein supplement segment.
🎯 JSW Energy :
inks MoU with Maharashtra to make electric vehicles
🎯 Vardhman Special Steels :
Company’s QIP closes today; Issue price fixed at Rs.140 apiece.
🎯 Vascon Engineers :
Company signs pact with Lina Ashar Foundation to develop Pune land parcel.
🎯 Advanced Enzyme :
Board approves additional investment of 300,000 ringgit in Malaysian unit.
🎯 Gayatri Projects :
Gayatri projects announces reorganisation of its energy business.
🎯 Pratibha Industries :
Company says the lenders are advised to submit a resolution plan.
🎯 Godawari Power :
Godawari power & Ispat board approves amalgamation of Jagdamba Power & Alloys with self.
🎯 UCO Bank :
Bank seeks shareholders’ nod to issue shares worth up to Rs.6,510 crore on a preferential basis to the government.
🎯 Religare Enterprises :
Company approves raising funds through the issue of warrants worth Rs.916 crore.
🎯 Amtek Auto :
Deccan value is top bidder for Amtek Auto.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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