Closing Bell: Nifty ends above 11,300, Sensex falls 198 pts; YES Bank surges 33%

Oct 03, 03:37 PM (IST)
The Sensex ended 198.54 points lower at 38106.87, and the Nifty was down 46.80 points at 11313.10. About 959 shares have advanced, 1498 shares declined, and 158 shares are unchanged.

Yes Bank, Tata Motors, ITC, Power Grid and HCL Tech were the top Sensex gainers while Vedanta, Coal India, Tata Steel, IndusInd Bank and Kotak Mahindra Bank were the top losers.

Among the sectors, Nifty Energy added 1.56 percent followed by Nifty Auto and Nifty PSU Bank while the top sectoral losers included Nifty Metal and the Bank Nifty index.

Oct 03, 03:04 PM (IST)
NSE to delist 9 companies from October 17

Leading stock exchange NSE will delist nine companies including Lanco Infratech and Moser-Baer from its platform from October 17.

Besides, Lanco Infratech and Moser-Baer, the other seven firms that will be delisted are — Amar Remedies, Supreme Tex Mart, Samtel Color, Hindustan Dorr-Oliver, Servalakshmi Paper, LML and Hanung Toys and Textiles.

According to the National Stock Exchange (NSE), these nine companies are “under liquidation”.

Oct 03, 02:58 PM (IST)
Aster DM gains 5% on buying additional stake in Sri Sainatha Multispeciality Hospital:

The share price of Aster DM Healthcare added more than 5 percent intraday on October 3 after the company acquired additional stake in Sri Sainatha Multispeciality Hospital Private Limited.

The company increased its stake in Sri Sainatha Multispeciality Hospital Private Limited by 4.89 percent, thereby making the aggregate shareholding of the Company 72.41 percent.

Oct 03, 02:35 PM (IST)
Many more structural reforms in offing to propel growth: Amitabh Kant

There will be many more structural reforms by the government in the coming days to push economy to a high growth trajectory, Niti Aayog CEO Amitabh Kant said on Thursday.

In the last five years, the economy has grown at about 7.5 per cent. The country’s growth rate of 8.1 per cent in the last quarter of 2017-18 has fallen to 5 per cent in April-June, 2019-20, Kant said at a World Economic Forum event here.

“The RBI and the government have taken a series of measures to take India back to a high trajectory of growth. The RBI has dropped repo rate by about 110 basis points (in 2019 so far) but there are limitations to monetary policy and therefore the government stepped in and took a series of measures,” Kant said.

Oct 03, 02:27 PM (IST)
Market update: Market benchmarks look poised for extending their losing spree into the fourth consecutive session. HDFC twins, Kotak Mahindra Bank and Axis Bank are the top drag on Sensex while ICICI Bank, ITC and Yes Bank are holding up.

Oct 03, 02:16 PM (IST)
E-commerce policy: The government is likely to miss the deadline on the e-commerce policy that was supposed to be released by the end of 2019, the Business Standard reported.

The final policy document will be released only after the other technology policies are implemented since the commerce ministry is trying to avoid overlaps and contradictions, the report said.

Oct 03, 02:05 PM (IST)
Mukesh Trends Lifestyle files DRHP with SEBI

Ahmedabad-based fabric manufacturer Mukesh Trends Lifestyle has filed a Draft Red Herring Prospectus (DRHP) with the market regulator SEBI for a proposed initial public offering (IPO). The company is seeking an issue of up to 1 crore equity shares of the face value of Rs 10 each, the DRHP says.

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