Page 33 - Unit Trust News Today

Read more about Axis Bank awaits nod to reclassify 3 promoters as public shareholders on Business Standard. United India Insurance Company, National Insurance Company and New India Assurance Company will be reclassified as public category shareholders post requisite regulatory approvals

Synopsis Through the two-day offer for sale (OFS), the government sold around 5.80 crore shares or 1.95 per cent stake held in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI) at a floor price of Rs 680 a share. Agencies At the cut off price of Rs 701 a share, the 1.95 per cent stake sale fetched around Rs 4,000 crore to the exchequer. The government has raised about Rs 4,000 crore from sale of 1.95 per cent stake in Axis Bank held through SUUTI, DIPAM Secretary Tu...

Govt raises ₹4,000 crore from Axis Bank stake sale Updated: Updated: Share Article AAA The government has raised ₹4,000 crore through the sale of about 1.95% stake held in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI). The offer for sale of Axis Bank shares, that began on Wednesday, got ‘a good response from investors with SUUTI garnering about ₹4,000 crore (subject to reconciliation),’ said DIPAM Secretary Tuhin Kanta Pandey. SUUTI, which was set up...

SGX Nifty signals a 70-point gap-down opening for Nifty

Indiabulls Housing Finance, Prism Johnson, Mas Financial Services, TCI Express, JK Tyres and Heritage Foodsare among companies that will announce their March quarter results today.

After two days of strong gains, Indian benchmark indices could take a breather amid tepid global market cues and some profit-taking at the higher levels. Although, lack of a fresh spurt in Covid cases could help cap the downside. Besides, the Q4 earnings season has been healthy so far, providing support to market sentiments. At 7.30 am, SGX Nifty was trading 80 points lower at 15,081, indicating a negative start for the benchmark indices. In the overnight session, US stocks declined for a se...

Here are the top stocks to track in todays session: Earnings Today: IOC, Indiabulls Housing Finance, JK Tyre & Industries, Tanla Platforms and Zuari Agro Chemicals are among 25 companies slated to post their March quarter results today. Tata Motors: Auto major Tata Motors reported a surprise consolidated net loss of Rs 7,605 crore for the quarter ended March 31, 2021, mainly on account of asset write downs in subsidiary Jaguar Land Rover (JLR). According to a consensus estimate of Bloomberg, Ta...

Sensex and Nifty were likely to open lower today as Nifty futures on the Singapore Exchange fell 77 points, or 0.51 per cent, at 15,083. On Tuesday, benchmark indices zoomed for the second consecutive session this week led by gains in consumer durables an

Heres breaking down the pre-market actions

Volatility struck bourses in early trade as the key benchmark indices regained positive zone soon after opening lower. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 47.04 points or 0.09% at 50,240.37. The Nifty 50 index was up 21 points or 0.14% at 15,129.10. The S&P BSE Mid-Cap index was up 0.82%. The S&P BSE Small-Cap index was up 0.69%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1573 shares rose and 673 shares fell. A total of 106 ...