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The easing of US bond yields and crude oil prices contributed to the recovery in the market last month. Bond yields eased following encouraging inflation data in the US, which strengthened the view that the interest rate hike cycle is closer to the peak.
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TVS Srichakra Ltd said SG Acquisition Corporation will subsequently assume and take over assets, liabilities and business operations of Super Grip Corporation, USA. "SG Acquisition will focus on off highway tyre products," it said, adding the acquisition would help it in expanding its business in the US.
TVS Srichakra SG Acquisition: TVS Srichakra Ltd said SG Acquisition Corporation will subsequently assume and take over assets, liabilities and business operations of Super Grip Corporation, USA. "SG Acquisition will focus on off highway tyre products," it said, adding the acquisition would help it in expanding its business in the US.
The domestic equity market closed lower for the third straight session on Friday. Sensex slipped 231 points to end the session at 65,397 and Nifty lost 82 points to settle at 19,542. Here's a look at stocks that are likely to remain in focus this week.