Today, the Indian equity market began the final week of 2021 on a bearish note.
The Sensex lost 539 points to 56,585, while the Nifty dropped 151 points to 16,851.
Following losses in index heavyweights HDFC twins, Kotak Bank, and Axis Bank on Friday, the Sensex fell 191 points on mixed global market cues.
Following a bumpy day, the Sensex fell 190.97 points to 57,124, and the Nifty fell 68.85 points to 17,003.75.
M&M, Axis Bank, PowerGrid, Kotak Bank, Dr. Reddy’s, Bajaj Finserv, and HDFC were the top Sensex losers, each losing 2.69 percent.
Here are some stocks that are expected to continue to be in the news today.
HP Adhesives: The adhesive and sealant company’s stock will begin trading on the BSE and NSE today.
Between December 15 and 17, the business raised Rs 125.96 crore through a primary offering.
Reliance Digital Health, a subsidiary of Reliance Industries, has made an undisclosed investment in Karkinos Healthcare, an oncology-focused managed healthcare platform.
RBL Bank’s MD and CEO, Vishawvir Ahuja, has resigned.
With immediate effect, Rajeev Ahuja has been named as the bank’s interim Managing Director and Chief Executive Officer.
Lupin has gained approval from the US Food and Drug Administration to commercialize Sevelamer Carbonate for Oral Suspension, which is used to regulate serum phosphorus in people who are on dialysis for chronic kidney disease (CKD).
Canara Bank has generated Rs 2,500 crore from ten allottees by issuing Basel-III compliant bonds.
Basel III-compliant tier-II series I bonds were successfully raised by the bank.
Adani Transmission has obtained a Letter of Intent (LoI) from Khavda-Bhuj Transmission Ltd for the acquisition of a renewable energy evacuation system with an anticipated CAPEX of more than Rs 1,200 crore.
VST Tillers Tractors: On stronger sales of its cash-cow tillers and increased demand for its tiny tractors, the country’s largest manufacturer of power tillers expects to conclude this fiscal with a record topline of Rs 1,000 crore, satisfying nearly two-thirds of demand.
GMR Infrastructure: On December 23, the infrastructure company signed a shareholders agreement with Indonesia’s Angkasa Pura II for the development of Medan Airport.
Through a hotly contested worldwide competitive bid procedure, GMR Airports, a subsidiary of the GMR group, won the bid for this high-growth potential brownfield airport in November.
IDBI Bank: The government intends to issue a request for expressions of interest from firms interested in purchasing the LIC-controlled lender soon.
In May, the Cabinet gave its in-principle permission for IDBI Bank’s strategic disinvestment and management control transfer.
IRCON International: The railway company has formed a wholly-owned subsidiary called ‘Ircon Ludhiana Rupnagar Highway Limited’ as a special purpose vehicle (SPV) to build a national highway project in Punjab.
The board of Kabra ExtrusionTechnik has accepted a proposal to raise up to Rs 301 crore for the expansion of its future technologies brand Battrixx, according to the business.
Aditya Birla Money: The financial services firm has given its promoter Aditya Birla Capital 16 lakh non-convertible preference shares for Rs 80 crore.
Viagra Polytex’s board of directors has approved a Rs 49.75 crore capital raised through a rights issue of equity shares up to Rs 29.27 crore in a 1:1 ratio.
Emami Realty: The small-cap real estate company’s long-term rating has been upgraded.
The credit rating of long-term bank facilities has been improved by CARE to ‘BBB; Stable’ from ‘BBB-; Stable.’
Banas Finance: The microcap diversified commercial services firm has completed a rights offering of shares to raise capital of up to Rs 49.80 crore.
