Nifty, Sensex slump on global cues – Thursday closing report
Moneylife Digital Team 08 July 2021
We had mentioned in Wednesday’s closing report that Nifty, Sensex may trend higher. On Thursday, the indices suffer a major correction. On the NSE, there were 766 advances, 1,165 declines and 334 unchanged.
 
The trend of the major indices on Thursday’s trading are given in the table below:
 
 
Zomato Ltd will open its initial public offering on July 14, and will close it on July 16. The price band is fixed at Rs 72 to Rs 76.
 
PNB Housing Finance has been asked to restructure Rs 4,000-crore capital infusion deal with Carlyle, by its promoter Punjab National Bank.
 
Bajaj Healthcare has received a licence from the Defence Research and Development Organisation (DRDO) to manufacture and sell its anti-COVID-19 drug.
 
HDFC sold 32.53 lakh shares out of its 1.48 crore shares of Hindustan Oil Exploration Company representing 2.46% of the latter’s paid-up share capital.
 
Employees Retirement System of Texas - Self Managed Portfolio bought 4,26,311 equity shares in HG Infra Engineering at Rs 472.23 per share on the NSE.
 
Tech Mahindra announced the Managed Security Services Provider (MSSP) partnership with Palo Alto Networks, a global cybersecurity leader.
 
L&T Infotech has completed the acquisition of 100% shareholding of Cuelogic Technologies.
 
Sangam renewables has sold its majority stake in WAACOX Energy to Aditya Birla Renewables for Rs. 41.60 crore. This latter now owns 100% stake in the firm.
 
NIIT and Axis Bank have launched a FinTech professional programme to build future ready FinTech professionals for Axis Bank.
 
RailTel Corporation of India has received a work order of Rs. 23.43 crore from Sagar Cable Network towards providing of multicast drop and carry with 1.5G capacity at 66 locations for a period of 5 years.
 
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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