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From the Sensex stocks, L&T, Axis Bank, M&M, IndusInd Bank, TCS, and Infosys opened in the red, while Bajaj Finance, Bajaj Finserv, Maruti and Kotak Bank opened with gains.
"Resson has received a Certificate of Dissolution from Corporations Canada dated 20th September 2023, which was informed to the Company on 20th September 2023 at 8.19 p.m.," M&M said in the regulatory filing. The dissolution means that the Canadian firm no longer exists, with Mahindra receiving compensation for the Class C preferred shares it held in the company.
The automaker's market cap has doubled in less than one-and-a-half years - from Rs 1 lakh crore in April 2022 to over Rs 2 lakh crore this week. M&M market cap hit Rs 2 lakh crore mark on Monday.
Sectorally, buying was seen in the public sector, utilities, consumer durables, and power stocks while selling was visible in telecom, realty, and IT space.
Food and pet care giant announces plans to cut value chain emissions by roughly 15 million metric tons this decade