Benchmarks near the day s high; oil & gas shares decline business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Max Healthcare Institute, one of India’s largest hospital chain operators, is looking to raise up to Rp12bn ($164m) from a qualified institutional placement that was launched on Thursday.
Here are the top stocks that are likely to be in focus today:
Wipro: Set to be its biggest ever buyout, Wipro will acquire London-headquartered Capco in a $1.45 billion (over Rs 10,500 crore) deal.
Heranbas Industries: Shares of Heranba Industries will list on the bourses today. The issue price has been fixed at Rs 627 per share.
Axis Bank: The private lender, on Thursday, said that one of its promoters, National Insurance Company, has asked it to classify the insurer as a public shareholder.
Mindspace REIT: Mindspace Business Parks REIT plans to raise up to Rs 450 crore through the issue of debt securities.
This is by far the company s largest-ever acquisition by the Bengaluru-based IT services major.
Credit: BCCL
Max Healthcare Institute Qualified institutional placement (QIP) to open on March 4.
The company has set the floor price at ₹190.40 per share, which is at a 2.54 percent discount to Thursday closing price.
Credit: BCCL
Indiabulls Housing Finance raises ₹1,091 crore via foreign currency convertible bonds
The bonds set to mature on March 4, 2026, bear a coupon rate of 4.5 percent.
Credit: BCCL
TCS launches solutions for COVID-19 testing, vaccine management
TCS sees this as an opportunity to streamline the stages of end-to-end testing and vaccination journeys.
Credit: BCCL
Domestic equity benchmarks declined for second trading session on Friday. Resurgent worries about rising US bond yields hit global stocks. Firm crude oil prices also spooked investors. Higher crude oil prices could increase fiscal deficit, current account deficit and stoke fuel price inflation. The Nifty closed below the crucial 15,000 mark.
The S&P BSE Sensex, tumbled 440.76 points or 0.87% at 50,405.32. The Nifty 50 index slumped 142.65 points or 0.95% at 14,938.60. Both these indices have fallen a little over 2% each in two consecutive sessions.
ICICI Bank (down 1.80%), HDFC (down 1.55%), HDFC Bank (down 1.52%) and Infosys (down 1.07%) were major drags today.
Selling was broad based. The S&P BSE Mid-Cap index fell 1.89% and the S&P BSE Small-Cap index tumbled 1.50%. Both these indices saw profit taking after rallying over 5% in the past four days.