We had mentioned in last week’s closing report that Nifty, Sensex would remain under pressure. The major indices continued to decline heavily.
On the NSE, there were 330 advances, 1,542 declines and 279 unchanged.
The trends of the major indices in the course of Monday’s trading are given in the table below:
The bloodbath in the stock markets continued during the afternoon trade as the BSE Sensex lost over 2,500 points and the Nifty50 was down over 700 points to trade below the 9,300 mark.
Vodafone Idea has said that it has cleared the principal amount towards AGR dues as it paid Rs.3,354 crore to the Department of Telecommunications (DoT).
In a relief for telecom operators, the DoT moved the Supreme Court seeking an approval for a 20-year window for payment of around Rs1.47 lakh crore Adjusted Gross Revenue (AGR) dues.
Shares of SBI Cards and Payments Services made a weak debut on the stock exchanges as it opened at Rs.658, nearly 13% lower than its issue price of Rs.755.
Shares of crisis-ridden Yes Bank soared as its reconstruction scheme has come into effect, and the bank has announced that it will resume full-fledged operations on March 18. As the Yes Bank probe gathers momentum, the Enforcement Directorate has now decided to summon all the large borrowers who were given loans by the Rana Kapoor-led management.
Atul Ltd has partially disposed off equity shares held in Amal Ltd, subsidiary of the company. Consequently, Amal Ltd ceases to be a subsidiary company.
Bharat Heavy Electricals Limited (BHEL) has won a prestigious order for supply of state-of-the-art Electric Buses along with charging infrastructure of these buses for Gorakhpur City. The order has been placed on BHEL by the Urban Transport Directorate (UTD), Lucknow. These low floor, disabled-friendly Electric Buses will be deployed by UTD at the Gorakhpur airport.
Sadbhav Infrastructure Project Limited has received Rs.457 crore towards 2nd tranche in connection with the sale of entire equity share held y in seven operational road projects to the IndInfravit Trust. Balance funds are expected to be received soon. In all till now, it received funds of Rs.1,291 crore and units of Indinfravit Trust worth Rs.724 crore.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: