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: