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Top News In அச்சு வங்கி ஒன்றுபட்டது கிஂக்டம் Today - Breaking & Trending Today

Nifty above 14,750 mark; metals shine

The main equity indices traded with modest gains in morning trade amid positive global cues. The Nifty traded above the 14,750 level. All the sectoral indices on the NSE were in the green. Metal stocks extended rally for the fifth session.
At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 233.81 points or 0.47% at 49,742.51. The Nifty 50 index added 73.15 points or 0.5% at 14,763.25.
In broader market, the S&P BSE Mid-Cap index gained 0.83% while the S&P BSE Small-Cap index added 1.54%.
The market breadth was strong. On the BSE, 1840 shares rose and 521 shares fell. A total of 111 shares were unchanged.
The buying was supported by positive cues from other Asian stock markets, supported by surveys showing higher production across Asia s factories last month, and the the U. S. government s $2 trillion spending plan. ....

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Axis Bank sells entire stake in UK unit

The private lender has entered into a share purchase agreement for sale of 100% stake in its subsidiary, Axis Bank UK to OpenPayd Holdings.
This transaction is subject to approval by the UK financial regulator, the Prudential Regulation Authority (PRA), the bank said in a BSE filing made after market hours yesterday.
Axis Bank expects to complete the transaction by 30 September 2021. For the transaction, the bank received the completion net asset value (book value of the bank on the date of completion) plus a fixed premium of $5.5 million.
Axis Bank offers the entire spectrum of financial services to customer segments covering large and mid-corporates, msme, agriculture and retail businesses. ....

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Axis Bank Share Price Today: Axis Bank Gains After Entering Into Agreement For Selling 100% Stake In Subsidiary

Axis Bank was last trading 2.54 per cent higher at Rs 715.25 on the BSE.
Share price of Axis Bank gained around three per cent on Thursday, April 1, after the bank entered into a share purchase agreement for the sale of 100 per cent stake in its subsidiary - Axis Bank UK to OpenPayd Holdings. On Thursday, Axis Bank opened on the BSE at Rs 706, touching an intra day high of Rs 716.90 and an intra day low of Rs 695.60, in the trading session so far. According to a regulatory filing by the bank to the BSE, the transaction is subject to approval by the UK Financial Regulator - the Prudential Regulation Authority or PRA. ....

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Sensex ends above 50K, Nifty crosses 14,850

The domestic equity indices ended near the day s high on Thursday led by gains in banks and auto stocks. As per the provisional closing data, the barometer index, the S&P BSE Sensex, jumped 520.68 points or 1.05% at 50,029.55. The Nifty 50 index advanced 176.65 points or 1.2% at 14,867.05.
The buying was supported by positive global cues, backed by strong factory activity data in euro zone and Asia last month, and the optimism around the U. S. government s $2 trillion spending plan.
US President Joe Biden unveiled a massive infrastructure package on Wednesday, which includes roughly $2 trillion in spending over eight years. The government will raise the corporate tax rate to 28%, combined with measures designed to stop offshoring of profits, to fund the infrastructure plan within 15 years. ....

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Stocks To Watch In Trade Today (April 1, 2021): HCL Tech, Axis Bank, Indian Oil

Stocks To Watch: HCL Tech, Axis Bank, Indian Oil
HCL Technologies has announced an agreement with Tenneco Inc, an automotive supplier and manufacturer for a multi-year, integrated application development, modernization, and operations services contract
Updated: April 01, 2021 9:00 am IST
Indian Oil Corporation has cut domestic LPG prices by Rs 10 to Rs 809 per cylinder in Delhi
The domestic stock markets are likely to open in the green, post the 1 per cent decline in the previous session, going by positive global cues. The Asian markets are poised to open firm and trends on SGX Nifty indicate a gap-up opening for the index in India, with a 114-points gain. At 7:30 am, the SGX Nifty futures were trading at 14,860, higher by 114 points or 0.95 per cent, on the Singapore Stock Exchange. ....

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