Read more about Magma Fincorp jumps 10% as Adar Poonawala to acquire 60% stake in firm on Business Standard. Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in non-banking financial company by subscribing to Rs 3,456-crore preferential issue
Here are the top stocks that are likely to hog the limelight today:
Magma Fincorp: Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in the non-banking financial company by subscribing to a Rs 3,456-crore preferential issue.
Q3 earnings: ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, MRF and NCC are among 442 companies slated to post their December quarter numbers today.
Eicher Motors: Niche bike maker Royal Enfield may look at hiking prices from April in view of rising commodity prices, a top company official said on Wednesday.
BPCL: Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) will buyout Oman Oil Company s shares in the Bina refinery project for about Rs 2,400 crore.
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MUMBAI: Benchmark equity indices ended at their record closing highs today helped by positive cues from other Asian markets and gains in index heavyweights like Reliance Industries and Bharti Airtel.
The Nifty50 index ended 67 points, or 0.4 per cent, higher at 15,173.3, while Sensex climbed 222 points, or 0.4 per cent, to 51,531.5.
The gains, however, were more prominent in the smallcap space as the Nifty Smallcap index surged nearly 2 per cent on increased confidence in the domestic economic recovery.
The breadth of the market was positive as advancing stocks on the National Stock Exchange outnumbered the declining scrips. The gains, however, came on the back of lower participation as cash market volume on the NSE fell 15 per cent.
Read more about Magma Fincorp jumps 10% as Adar Poonawalla to acquire 60% stake in firm on Business Standard. Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in non-banking financial company by subscribing to Rs 3,456-crore preferential issue
Magma Fincorp Spikes 10%, Hits 52-week High As Adar Poonawalla s Rising Sun Eyes Majority Stake moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.