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Market Updates

The Markets are expected to open flat today as trend in SGX nifty indicate a flat start for the broader index after Nifty closed 83 points higher at 19,439 on tuesday.

Happiest Minds Technologies:

The company fixed Rs 972.16 as floor price for the issue under qualified institutional placements. The company had in Oct 2022 planned to raise Rs 1400 crore through various means.

Adani Enterprises:

The company raised Rs 1,250 crore via bonds. It allotted 125,000 secured, unrated, unlisted, redeemable, non-convertible debentures of face value of Rs 1,00,000 each on private placement.

PVR-Inox, cinema stocks:

GST Council agreed to reduce GST on food and beverages at cinema halls to 5% from previous 18%.

Sterlite Technologies:

The company has partnered with communications and software company Windstream to support the latter's large-scale fibre expansion projects.

Tatva Chintam Pharma Chem:

The company has agreed to raise more capital, not exceeding Rs 200 crore, by issuing equity shares and or equity-linked instruments through public or private offering or qualified institutional placement or any mix.

Bhansali Engineering Polymers:

The company approved allotment of 8.29 crore equity shares as fully paid-up bonus shares in the ratio 1:2. Post the bonus issue, the paid- up equity share capital will stand at Rs 24.88 crore.

Delta Corp, Nazara Technologies, online gaming stocks:

The GST Council has levied a 28% tax on online gaming, casinos, and horse racing, The goods and services tax is likely to be levied on the full-face value, which is the total value of bets placed on a platform.

Lupin:

The drugmaker received Establishment Inspection Report from the U. S. FDA for its Pithampur unit-2 manufacturing unit. This unit makes oral solids and ophthalmic dosage forms. The U.S. drug regulator issued the EIR after inspecting the facility from March 21 to March 29, 2023. The inspection classification, according to U.S. FDA is voluntary action indicated.

Earnings today:

Tata Consultancy Services, HCL Technologies, Anand Rathi Wealth, Steel Strips Wheels, 5Paisa Capital, National Standard (India).

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