Not just Future Retail but shares of Reliance Industries were also trading 1.5 per cent higher during the afternoon trading session. Here's is all you need to know:
Future-Reliance deal: Future Group challenges Delhi HC order halting its deal in dispute with Amazon
Kishore Biyani, CEO and founder of Future Group
(REUTERS)Premium
The Delhi high court on Tuesday put a hold on Future Group s the ₹24,713-crore retail deal with billionaire Mukesh Ambani s Reliance Industries
Amazon had filed an urgent petition last week seeking detention of Future Group founders, including its promoter Kishore Biyani
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Future Group on Wednesday has challenged the Delhi high court order that has halted sale of its to Reliance Industries Ltd (RIL) on objections retail giant Amazon, the company said in regulatory filing. Further to our letter dated 2nd February, 2021, please be informed that the Company has filed an appeal before Hon’ble High Court of Delhi against the impugned order dated 2nd February, 2021 passed by Ld, Future Group said.
Government keen to offer ‘direct’ GSec play to retail investors
The government is planning to raise up to Rs 15,000 crore through the Bharat Bond ETF for some state-owned units.
Synopsis
“We are considering such a structure as the Centre believes in retail participation in the government bond market. The proposed instrument is also expected to increase liquidity in sovereign debt,” said a senior government source.
Mumbai: The Centre is considering the launch of a Bharat Bond ETF product that would include central government securities to increase both safe investment options for retail investors and liquidity in sovereign papers.
Finance ministry is in talks with the market regulator, Securities & Exchange Board of India (Sebi) and they are exploring the broad contours of the proposed product, three people with knowledge of the matter told ET. Both Sebi
Shares of UPL hit an over 11-month high of Rs 558, up 7 per cent, on the back of heavy volumes in an otherwise subdued market on the National Stock Exchange (NSE). With today s gain, it has bounced back 34 per cent from its recent low of Rs 416, hit on December 21, 2020, in the intra-day trade. The stock of the agrochemicals company was trading at its highest level since February 2020. Moreover, it was quoting close to its 52-week high level of Rs 601, touched on February 14 last year. Trading volumes on the counter more-than-doubled with a combined 27 million equity shares, representing 3.5 per cent of total equity, of UPL changing hands on the NSE and BSE till 02:42 pm.
The main equity indices closed mildly lower on Thursday. Buying was seen in metal, realty and financial stocks while FMCG, IT and pharma shares corrected. As per the provisional closing data, the S&P BSE Sensex, fell 80.74 points or 0.17% at 48,093.43. The Nifty 50 index fell 8.9 points or 0.06% at 14,137.80.
The broader market outperformed the benchmarks. The S&P BSE Mid-Cap index added 1.05% while the S&P BSE Small-Cap index rose 0.85%.
Buyers outpaced sellers. On the BSE, 1974 shares rose and 1101 shares fell. A total of 152 shares were unchanged. In Nifty 50 index, 27 stocks advanced while 23 stocks declined.
Foreign portfolio investors (FPIs) sold shares worth Rs 483.64 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 380.41 crore in the Indian equity market on 6 January 2021, provisional data showed.