We had mentioned in Wednesday’s closing report that Nifty, Sensex were on the rise. The major indices were volatile and closed with minor losses. On the NSE, there were 750 advances, 1,053 declines and 338 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
Bharat Petroleum Corporation ended 5.7% lower at Rs513.50 a share on the NSE after the government announced its divestment plans. Its shares had gained nearly 10% during the past seven sessions on the buzz that the government will soon unveil BPCL's divestment plans, but ended as the top loser on the Nifty50 on Thursday.
The Cabinet Committee on Economic Affairs (CCEA) has approved strategic disinvestment in five large public sector undertakings -- BPCL, CONCOR, SCI, THDC and NEEPCO -- along with change in management control in these companies.
Sony Corp is said to be in talks to buy a stake in Network18 Media and Investments Ltd. According to a Bloomberg report, the Japanese major plans to tap the booming demand for content in the country. Besides, Sony is considering several potential deal structures, including a bid for the company or a merger of its own business in India with Network18’s entertainment channels, it said.
Oil India has commenced exploration activities including seismic survey data acquisition in Rajasthan's Siyasar block, which falls under Bikaner and Ganganagar District. With this, OIL becomes the first operator to begin the exploration activities under the committed work programme in an OALP regime block in the country.
The Essel Group is planning to sell around 16.5% stake in ZEE Entertainment Enterprises to financial investors in order to repay loan obligations to certain lenders.
Bharti Airtel will partner with CuriosityStream, a global media company that delivers factual entertainment. The complete content catalogue of CuriosityStream will be available to Airtel customers on its digital entertainment platform - Airtel Xstream.
The Adani Group has expressed interest in the retail and wholesale book of Dewan Housing Finance Corporation (DHFL), sources told CNBC-TV18. The Indian conglomerate may be a strong contender for the troubled mortgage lender, alongside other biggies like Piramal and Apollo, sources added.
State-owned Bharat Sanchar Nigam has said that the number of customers moving into its network is higher than those leaving it, making its mobile number portability (MNP) positive during 2019-20 so far, Parliament was informed on Thursday.
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: