Nifty, Sensex upmove continues - Thursday closing report
Moneylife Digital Team 16 September 2021
We had mentioned in Wednesday’s closing report that Nifty, Sensex were in a fresh upmove. On Thursday, the indices continued its rally and closed with decent gains.
 
On the NSE, there were 930 advances, 1,007 declines and 80 unchanged.
 
The trend of the major indices on Thursday’s trading are given in the table below:
 
 
Poonawalla Fincorp managing director Abhay Bhutada and seven others have been barred from accessing the securities market by the regulator Sebi due to allegations of insider trading.
 
The government is seeking LIC’s valuation to be between Rs 8 lakh crore (USD 109 billion) and Rs 10 lakh crore for its initial public offering, according to a report by Bloomberg.
 
The government will sell 5% of its stake in state-owned Hindustan Copper through an offer for sale (OFS) this week.
 
M&M Financial Services announced its entry into the leasing and subscription business. The new vertical would operate under the brand name ‘Quiklyz’.
 
Hindustan Aeronautics’ long-term credit rating was upgraded to AAA from AA+ by CARE Ratings.
 
Sunteck Realty said it plans to develop 50-acre land parcel at Shahad, Kalyan.
 
Gabriel India: HDFC Asset Management Company increased shareholding in the company to 7.04% from 5.02% earlier.
 
Saregama India board approved raising funds by further issue of securities by various ways for an aggregate amount not exceeding Rs 750 crore.
 
Power Finance Corporation has issued its maiden Euro 300 million 7 year Euro Bond issuance on September 13.
 
Adani Transmission Ltd (ATL) has received the Letter of Intent (LoI) for the acquisition of MP Power Transmission Package-II Limited, incorporated by REC Power Development and Consultancy Ltd.
 
Dilip Buildcon received a letter of acceptance from the NHAI for a project worth Rs 1,060 crore in the state of Andhra Pradesh.
 
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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