Top Share of the Day: Amid global pressure, once again the Indian market has started flat. Within a short time of market opening, the three-share BSE Sensex fell by almost 100 points. Whereas, NIFTY was also trading with red mark. Till 10 am, BSE Sensex was trading 140 points lower and NIFTY 38.80 points lower. Earlier, on the last trading day of last week, the 30-share index Sensex closed at 66,009.15 points, falling 221.09 points or 0.33 percent amid fluctuations. Whereas, the standard index Nifty of National Stock Exchange (NSE) also declined by 68.10 points or 0.34 percent and closed at 19,674.25 points. Swastika Investmart Ltd. Santosh Meena, head of research, said that this week there is settlement of futures and options (F&O) contracts for the month of September. Due to this, there is a possibility of fluctuations in the market. Amol Athawale, Vice President (Technical Research), Kotak Securities Limited, said that the market sentiment has been affected by rising crude oil prices, strengthening of the dollar index and selling by foreign institutional investors (FIIs). He said that apart from this, global and domestic macroeconomic data, trends in global markets, crude oil prices, movement of rupee against dollar, FII and domestic institutional investors (DII)’s activities will also be important for the market.
Today the market will keep an eye on these shares
JSW Steel:The company has signed a termination agreement with National Steel Holding (NSHL) to terminate the joint venture agreement for setting up scrap shredding facilities in India, as well as NSHL to buy out NSHL’s 50% ownership in NSHL. A securities purchase agreement has been signed with. Green Recycling.
state Bank of India: Through its fourth infrastructure bond sale, the country’s largest lender raised Rs 10,000 crore at a coupon rate of 7.49%. Investors included provident funds, pension funds, insurance firms, mutual funds and corporations. The bond proceeds will be used to improve infrastructure and long-term resources to support affordable housing.
Lemon Tree Hotel: Lemon Tree Hotel, Mcleodganj is the latest franchise location of the hotel chain. This is the group’s third property in Himachal Pradesh.
Kirloskar Oil Engine: Anurag Bhaganiya has resigned from the post of Chief Financial Officer (CFO) of the company due to personal reasons. Anurag will leave the post of CFO of the company on 22 November.
SJVN: State-owned hydroelectric power generation firm has received in-principle approval from its board members to secure future returns on equity of Nathpa Jhakri Hydro Power Station (NJHPS).
IRCON International: Under the Indian Line of Credit, the Public Sector Undertaking has executed a contract agreement with Sri Lanka Railways, Sri Lanka for the work of procurement of design, installation, testing, commissioning and certification of signaling and telecommunication system from Maho. Junction to Anuradhapura at a cost of $14.89 million (Rs 122 crore).
Reliance Industries: Alyssum Asia Holdings II Pte Ltd (KKR) subscribed for Rs 2,069.50 crore through Reliance Retail Ventures and has been allotted 1,71,58,752 equity shares of the company.
Life Insurance Corporation of India: The corporation received an order from Bihar-Additional Commissioner State Tax (Appeals), in which the authority demanded Rs 290.49 crore in goods and services tax, as well as interest and penalty. Within the specified time limit, the Corporation shall submit an appeal against the above order with the GST Appellate Tribunal.
Delta Corp: The casino chain has been notified by the Directorate General of GST Intelligence in Hyderabad that it will have to pay alleged tax debt, interest and penalty of Rs 11,139.61 crore from July 2017 to March 2022. Further, if the corporation fails to do so, a show cause notice will be issued. The amount claimed in the DG notice is calculated using the total gross bet value of all games played at the Casino during the relevant period.
Hinduja Global Solutions: Aviator Global Investment Fund, a foreign portfolio investor, has bought 2.8 lakh shares or 0.6% stake in the firm through an open market transaction at an average price of Rs 1,005 per share, in addition to 2.93% shareholding. Till June 2023. Legends (Cayman) was the seller in the transaction.