Nifty, Sensex may move sideways – Thursday closing report
We had mentioned in Wednesday’s closing report that Nifty, Sensex may remain under mild pressure. On Thursday, the major indices opened higher but faced another minor correction. On the NSE, there were 1,061 advances, 862 declines and 326 unchanged.
 
The trends of the major indices in the course of Thursday’s trading are given in the table below:
 
 
Shilpa Medicare received an Import Alert 66-40 on February 17, 2021 after the USFDA inspection of the Unit 4, Jadcherla, Telangana facility from February 13 - 20 and February 24-25, 2020. The products that have been exempted from the Import Alert are - Azacitidine for Injection, Cyclophosphamide Capsules and Erlotinib Tablets.
 
Bharti Airtel said that it will acquire a Warburg Pincus affiliate's 20% equity stake in its DTH arm Bharti Telemedia for a total consideration of Rs 3,126 crore primarily via issuance of 36.47 million equity shares of Airtel at a price of INR 600 per share; and up to Rs 1,037.8 crore in cash.
 
NALCO plans to buy back Rs 749-crore worth of shares, DIPAM Secretary Tuhin Kanta Pandey has said. The offer opens on February 25 and closes on March 10.
 
Gail India is going to open its buyback programme on February 25 for up to 6,97,56,641 fully paid-up equity shares of face value Rs 10 each, representing 1.55% of equity share capital of the company.
 
IndiaMART Intermesh launched a qualified institutional placement to raise around Rs 1,100 crore.
 
L&T has secured a significant order in the nuclear sector from Nuclear Power Corporation of India Limited (NPCIL) to construct the main plant civil works of the Kudankulam 5&6 units.
 
IndusInd Bank has raised Rs 2,021 crores of common equity capital through conversion of preferential warrants issued to the promoter entities - IndusInd International Holdings Limited (IIHL) and IndusInd Limited. The warrants were issued as an integral part of the merger with Bharat Financial Inclusion Limited in July 2019. The promoter entities had paid Rs 673 crores at the time of subscription to the warrants and the balance amount of Rs 2021 crores was paid today.
 
Arvind Fashions board has approved the issue of 1.48 crore partly paid-up equity shares of face value of Rs 4 each at an issue price of Rs 135 per equity share for an amount aggregating up to Rs 199.84 crores to all the existing equity shareholders of the company on a rights basis in the ratio of 3 rights equity shares of Rs 4 each for every 20 equity Shares of Rs 4 each held by the equity shareholders in the company as on the record date. 
 
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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