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Indiabulls Housing Finance Founder Sameer Gehlaut will resign from the Board of Directors of the housing finance company by the end of the ongoing fiscal year, i.e., March 31, 2022.
A couple of stocks from across the sectors including technology, industrials, e-commerce, real estate and chemicals may witness an upgrade from mid- to large-cap category and from small to mid-cap category in the next AMFI market cap review.
The domestic stock markets are expected to trade in a cautious manner on Thursday, taking cues from the profit-booking deals witnessed in the last two consecutive sessions.
India's equity benchmarks closed at record on Thursday and rose for the sixth consecutive session, aided by gains in banking, information technology, metal, power and realty stocks. The S&P BSE Sensex index rose 0.94% to 61.305.95, a record close for the 30-stock index. The 30-stock index hit a record 61,353.25 in intraday trade. The NSE Nifty 50 Index also advanced by a similar magnitude to close at 18,338.55, a record close for the index. The 50-stock gauge hit a record 18,350.75 in intraday trade.
According to an investors presentation, new sales stood at Rs 874 crore in the first half of this fiscal year from Rs 368 crore in the corresponding period of the previous year.