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Nifty PSU Bank index rose 1 percent led by the Central Bank of India, IOB, UCO Bank, Punjab and Sind Bank
Indiabulls Housing Finance to raise over Rs 7,000 crore:
Indiabulls Housing Finance said its board has approved a proposal to raise over Rs 7,000 crore through various means.
This includes USD 275 million (Rs 2,043.43 crore) by issuing equity shares or other instruments.
The company’s fund mop-up plan is subject to shareholders’ approval in the upcoming annual general meeting (AGM) to be held in late July.
Indiabulls Housing Finance was quoting at Rs 263.70, down Rs 0.30, or 0.11 percent on the BSE.
Market Updates at 10 AMBenchmark indices erased some of the early gains but still trading higher with Nifty around 15800 level.The Sensex was up 177.68 points or 0.34% at 52727.34, and the Nifty was up 50.10 points or 0.32% at 15798.60. About 1760 shares have advanced, 887 shares declined, and 90 shares are unchanged.Maruti Suzuki, Divis Labs, JSW Steel, Tata Steel and SBI Life Insurance were among major gainers, while losers included Power Grid Corp, Adani Ports, ICICI Bank, NTPC and Grasim.
Lupin receives tentative USFDA approval
Lupin has received tentative approval from the United States Food and Drug Administration (FDA) under the US President’s Emergency Plan for AIDS Relief (PEPFAR) for its New Drug Application for Dolutegravir, Lamivudine and Tenofovir Disoproxil Fumarate (TLD) Tablets, 50 mg/300 mg/300 mg, and antiretroviral Fixed Dose Combination (FDC). This product would be manufactured at Lupin’s Nagpur facility in India, company said in the release..
Lupin was quoting at Rs 1,161.85, up Rs 0.85, or 0.07 percent on the BSE.
Gold set for biggest monthly drop since 2016:
Gold was hovering around an over two-month low on Wednesday as investors awaited U.S. jobs data for further clarity on the Federal Reserve’s policy stance, with the precious metal heading for its worst monthly drop since November 2016.
Nifty Metal index added 1 percent led by the APL Apollo, NALCO, SAIL, NMDC
IRCTC Q4 results:
Indian Railway Catering and Tourism Corporation Ltd (IRCTC) on Tuesday reported a 23 percent decline in its profit after tax to Rs 103.78 crore for the March 2021 quarter.
The company had reported a profit after tax (PAT) from continuing operations of Rs 135.14 crore for the corresponding quarter a year ago, according to a regulatory filing to the BSE.
Total revenue dropped in January-March 2021 to Rs 358.25 crore, against Rs 595.70 crore in the year-ago period.
IRCTC – Indian Railway Catering & Tourism Corp was quoting at Rs 2,094.45, up Rs 14.20, or 0.68 percent on the BSE.
Gold prices held steady on Wednesday as investors were cautious ahead of U.S. jobs data due later this week, but prices were set to post their worst month since November 2016 on the U.S. Federal Reserve’s shift to a hawkish policy stance.
Gainers and losers on the BSE Sensex in the early trade:
Market Opens: Indian indices opened on positive note on June 30 with Nifty above 15800 level.
The Sensex was up 212.52 points or 0.40% at 52762.18, and the Nifty was up 61.90 points or 0.39% at 15810.40. About 1553 shares have advanced, 554 shares declined, and 64 shares are unchanged.