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Shriram Finance has been included in Nifty50 index as it has the highest 6-month average free-float market capitalization within the eligible universe as a replacement to UPL Ltd, the bourse said. In Nifty Next 50, Adani Power, Indian Railway Finance Corporation, Jio Financial Services, Power Finance Corporation, and REC Ltd have been included
Nifty on Thursday ended 162 points higher to form a long bull candle with a long lower shadow on the daily charts as the short-term trend of Nifty turned up sharply after a small decline.
The shareholders of Unitop Chemicals started arbitration against promoters of Rossari Biotech, the company which had acquired Unitop in 2021. The Unitop shareholders have alleged that Rossari Biotech has breached the agreement for acquiring 100% stake in Unitop Chemicals.
Leading the pack is ICICI Bank, which secured the top spot with a net profit of Rs 11,052.60 crore in Q3FY24
The Saraswat Co-op Bank is the largest in India with a network of 283 branches and 311 ATMs in Maharastra, Madhya Pradesh, Goa, Delhi, Gujarat, and Karnataka.