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Trends on SGX Nifty indicate a gap-down opening for index

Zuari Global on Wednesday announced that the company has acquired 13.19% shares of Forte Furniture Products India from Indian Furniture Products (IFPL), subsidiary of the company. Zuari Global already holds 35.79% stake in Forte Furniture Products India (FFPL). With this transaction, the company has increased its stake by 13.19% in FFPL. Indian Furniture Products (FFPL) being a subsidiary of Zuari Global, the transaction falls under the related party. The cost of acquisition is Rs 13.69 crore and the acquisition is proposed to be completed within 60 days from the date of execution. The intent...

Key benchmark indices are trading near flat line in early trade. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 18.23 points or 0.03% at 53,072.99. The Nifty 50 index was down 3.90 points or 0.02% at 15,875.75. Asian stocks are trading mixed. The S&P BSE Mid-Cap index was up 0.48%. The S&P BSE Small-Cap index was up 0.53%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1728 shares rose and 795 shares fell. A total of 85 shares were unchanged. Stocks in news: Software services heavyweight Tata Consultancy Services (TCS) rose 0.25%. TCS wil...

Read more about Zuari Global reports consolidated net profit of Rs 11.86 crore in the March 2021 quarter on Business Standard. Sales decline 11.28% to Rs 284.56 crore

Read more about Board of Zuari Global approves signing of MoU with SolvaKian company on Business Standard. At meeting held on 04 June 2021