Nifty, Sensex in the overbought zone – Tuesday closing report
We had mentioned in Monday’s closing report that Nifty, Sensex continued to be buoyant. The major indices ended with minor gains. On the NSE, there were 1,054 advances, 736 declines and 343 unchanged. The trends of the major indices in the course of Tuesday’s trading are given in the table below:
 
 
Sensex on Tuesday logged a fresh all-time high of 41,903.36 despite a sharp rise in inflation amid already slowing economic activity in the country. 
 
Crisis-hit IL&FS has sought expressions of interest (EoI) for the acquisition of IL&FS Environmental & Infrastructure Services Ltd and its subsidiaries. Calling for bidders, IL&FS said that it has received a binding offer to buyout IEISL which would have to go through a bidding process.
 
NAREDCO announced the launch of an e-commerce housing portal, ''HousingForAll.Com''. "The e-commerce housing portal to start with will host a 45-day ''All-India Online Home-Buying Festival'' for ready-to-move-in homes, with over 1,000 projects expected to be listed," it said.
 
Infosys has signed a 5-year deal with European automotive logistics firm Gefco to digitise its worldwide operation.
 
The Supreme Court has formed a four-member committee to accelerate the auction of the assets of defunct Amrapali group to generate funds for incomplete housing projects. The committee includes two forensic auditors.
 
For the quarter ended December 2019, Wipro’s consolidated net profit declined 2.17% year-on-year (YoY) to Rs.2,455.9 crore. Revenue stood at Rs.15,470.5 crore, up 2.73 per cent YoY. Wipro also announced dividend of Re.1 per equity share of par value Rs.2 each.
 
For the quarter ended December 2019, TV18 Broadcast reported a 39.60% rise in its consolidated net profit at Rs.205.16 crore. Consolidated revenue stood at Rs1,425.37 crore, as against Rs.1,474.70 crore in the quarter ended December 2018.
 
Rating agency ICRA has placed the long-term rating of double-A plus on outstanding bank facilities and non-convertible debentures of Adani Ports and Special Economic Zone (APSEZL) under rating watch with negative implications.
 
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:
 
 
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    Trading in Coffee Day Enterprises, CG Power to be suspended from Feb 3
    The major stock exchanges, BSE and NSE, will suspend trading in shares of Coffee Day Enterprises and CG Power from February 3 for not declaring quarterly results.
     
    This is in contravention of SEBI's listing norms pertaining to submission of quarterly financial results. The exchanges have said that if companies comply with the provisions of listing norms before January 29, trading in shares will not be suspended.
     
    These companies have not submitted the financial results for April-June 2019 and July-September 2019 quarters and not paid the fine levied for non-compliance, as required under the listing norms prescribed by SEBI.
     
    The stock exchanges said that trading in securities of these companies will be suspended with effect from February 3, on account of non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for two consecutive quarters -- June 2019 and September 2019.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    COMMENTS

    Ramesh Poapt

    2 weeks ago

    perhaps they will submit before due dates. 2 may
    not be gone companies.

    Nifty, Sensex continues to be bouyant – Monday closing report
    We had mentioned in Friday’s closing report that Nifty, Sensex were trending higher. The major indices opened high and traded sideways closing with minor gains. On the NSE, there were 1,184 advances, 640 declines and 332 unchanged. 
     
    The trends of the major indices in the course of Monday’s trading are given in the table below:

     
    The key Indian equity indices opened on a positive note on Monday with the NIfty50 on the National Stock Exchange and the BSE touching new record levels. 
     
    The Directorate General of Civil Aviation (DGCA) has extended the deadline for IndiGo to replace about 135 unmodified Pratt and Whitney engines till May 31, 2020. Previously, the airline had to get the engines by January 31.
     
    Ritesh Agarwal-led Oyo, valued at nearly $10 billion in the country, has acted tough by laying off thousands of employees in India and China, after Japanese giant SoftBank tightened its noose around it.
    Walmart India has asked 56 senior executives to leave as part of its corporate restructuring process, shrugging off reports about the second round of layoffs coming in April.
     
    The National Company Law Tribunal (NCLT) approved the demerger of consumer products business of Tata Chemicals, which will be merged with Tata Global Beverages (TGBL), the latter being renamed to ‘Tata Consumer Products’.
     
    The TRAI defended its new tariff rules for cable and digital television players, saying the new rules were aimed at curbing excessive pricing by some broadcasters. Television broadcasters had earlier criticized the regulation, saying it could put some channels out of business and would stifle consumer choice.
     
    Former head of the audit committee of the Yes Bank board Uttam Prakash Agarwal has filed a complaint with the Securities and Exchange Board of India (SEBI) seeking a probe into "the illegal gains made by a certain set of people" in giving misleading information to the markets and the people on potential investors, including Citax and Erwin Singh Braich.
     
    Rashesh Shah, Chairman & CEO, Edelweiss Group, has written a personal note to assure stakeholders that Edelweiss has no relationship with Capstone Forex and all allegations of FEMA violations are false. 
     
    An independent forensic audit in Reliance Home Finance Limited (RHFL) contains no adverse findings on any fraud, embezzlement, diversion or siphoning of funds by the company, or its promoters. The forensic audit conducted by Grant Thornton was mandated by the lenders of RHFL which has been completed.
     
    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:
     
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