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Axis Bank surged 16% on news of raising capital through NCDs; LIC HF rose 12% on favourable news including setting up a real estate venture fund
Gainers: Axis Bank is planning to raise Rs2,000 crore via unsecured redeemable non-convertible subordinated debentures. The stock surged 16% over the fortnight. LIC Housing Finance is setting up a Rs500-crore (about $100 million) venture fund to...
Infrastructure stocks were in demand. Noida Toll Bridge jumped 17% and IDFC was up 11%
Gainers: Steel stocks got a fillip on rising demand from the construction and automobile sectors. Jindal Steel & Power Ltd surged 20%. BEML and Noida Toll Bridge Co Ltd soared 17% each as infrastructure companies continued to attract investor interest. Larsen & Toubro (L&T) has sold its entire stake of...
Sugar stocks surged on fears of global output decline. Wipro and Infosys rose on expectations of more outsourcing business
Gainers: Global sugar output is feared to go down resulting in a spurt in sugar prices. Balrampur Chini Mills gained 22%. Shree Renuka Sugars was up 18%. Wipro BPO, an arm of Wipro Technologies, is discussing outsourcing contracts with some of the Fortune 500 companies....