Indian shares ended flat on Monday, as losses in top non-banking finance company HDFC countered gains in information technology and energy stocks, while top gold financing company Muthoot Finance fell after the death of its chairman.
NEW DELHI:
Muthoot Finance shares plunged 7 per cent on Monday after the NBFC s chairman, MG George Muthoot, passed away on Friday evening by falling from the fourth floor of his house.
Muthoot was largely credited for making Muthoot Finance a pan-India company, and the largest gold loan NBFC.
Following the development, the scrip fell 6.57 per cent to hit a low of Rs 1,205 on BSE.
Police received information on Friday at 9:21 pm regarding the admission of MG George Muthoot at a hospital after he fell from the fourth floor of the house, and was later declared dead, a senior officer said.
India Business News: Shares of Indian non-banking financial firm Muthoot Finance Ltd fell the most in nearly two months on Monday, after group chairman MG George Muthoot d
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Indian benchmark indices ended marginally higher on Monday, paring most of early gains, weighed down by losses in realty and FMCG space, weak Asian markets, falling US futures and rising oil prices. The BSE Sensex ended 35.75 points or 0.07 per cent higher at 50,441.07 and the NSE Nifty closed at 14,956.2, up by 18.1 points or by 0.12 per cent. Outperforming the benchmark indices, the broader market settled with decent gains. The BSE MIDCAP closed 0.36 per cent higher, while the BSE SMLCAP up by 0.66 per cent. The Market breadt