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Benchmark NSE Nifty index was trading 97.15 points up at 15026.65 on Tuesday on account of buying in frontline bluechip counters.
Among the stocks that touched their 52-week highs on NSE were: Adani Green Energy, Centrum Capital, Deepak Fertilizers, Edelweiss Financial Services, Eris Lifesciences, IIFL Finance, Infosys, JBM Auto, MindTree, L&T Technology Services, Persistent Systems and UPL.
Overall, 35 shares were trading in green in Nifty50 index, while 15 were trading in red in the afternoon trade.
In the Nifty 50 index, Asian Paints, HCL Tech, Infosys, TCS and Dr. Reddy s were among top gainers, while Tata Steel, JSW Steel, Divi s Labs, BPCL and Coal India Ltd were trading in red.
Motilal Oswal ropes in Gaurav Saravgi for capital markets
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Motilal Oswal ropes in Gaurav Saravgi to strengthen capital market vertical ANI | Updated: Feb 02, 2021 19:38 IST
Saravgi has 18 years of experience in equities with 16 years in investment banking. He joins Motilal Oswal from Centrum Capital where he was associated as Senior Director for investment banking and Head of equity capital markets. His vast experience and extensive product knowledge with strong corporate connects will strengthen our position in the equity capital market space and accelerate the success of our clients, said Abhijit Tare, Managing Director and CEO for investment banking at Motilal Oswal Investment Advisors.
Saravgi said Indian equity capital markets are going through exciting times with optimism and momentum, thereby creating several transaction opportunities.
Updated Feb 01, 2021 | 20:36 IST
An aggressive disinvestment plan and the monetisation of land and other governmental assets, if effectively executed, will greatly help balance the fiscal equation Budget shift to asset monetisation for revenues, rather than raising taxes, gets industry thumbs-up
Mumbai: Reliance on divestments and asset monetisation for resource mobilisation in the Budget was welcomed by industry players on Monday, calling it as the biggest takeaway from the Budget document. Increasing taxes, the traditionally preferred option for revenues, may have been inappropriate given the impact of the coronavirus pandemic, they said.
In the Budget, Finance Minister Nirmala Sitharaman pegged the divestment target at Rs 1.75 lakh crore. She assured that pending stake sales in companies like Air India and LIC of India will be carried out during the next fiscal and also promised to unlock value by monetising assets like highways and transmission l
Centrum Capital announced that the company s step down subsidiary, Centrum Financial Services, a Non-Deposit taking Systematically Important NBFC, has made an offer for the revival and reconstruction of Punjab and Maharashtra Co-operative Bank (Bank) to the
Administrators of the Bank in response to their invitation to participate in the same.
The offer would be evaluated by the Bank and the Reserve Bank of India as per their process.
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