Nifty tumbled by 116 points to 9,998.05 following weak global equities after Trump announced tariffs on Chinese goods sparked fears of a trade war amid rising oil prices.
Investor wealth slumped by Rs 1.57 lakh cr, following heavy selling in the broader market where the BSE benchmark index tanked about 410 points to close at a 5-month low.
Nifty slipped by 40.50 points to close at 10,114.75 dragged by profit booking in PSU banks, media, realty, IT, infra and auto sectors.
NSE benchmark Nifty ended with modest gains today ahead of US Federal Reserve's policy meet outcome.
NSE benchmark Nifty rose 30 points to end at 10,124.35 today following value buying in IT, infra, pharma and auto sectors.
NSE benchmark Nifty fell 100.90 points to 10,094 amid weak global cues ahead of the US Federal Reserve's policy decision later in the week.
Nifty fell by another 165 points to close below the 10,200 level due to major sell-off in metal, energy, infra, auto and realty sectors amid weak Asian cues.
The broader NSE Nifty ended on a flat note after a volatile trade amid sluggish global cues ahead of US inflation data due today.
The International Monetary Fund has said banking reforms like insolvency code and recapitalisation will be ineffective unless governance standards are improved.
The benchmark Nifty reclaimed the key 10,400 mark by surging 194.55 points to settle at 10,421.40 on a broad-based rally mirroring robust global cues.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months