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Nifty closed 203 points higher at 22,326.90 on Thursday - ARETE Securities Ltd
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The markets are expected to open marginally lower today as trends in GIFT Nifty indicate a negative start for the broader index after Nifty closed 203 points higher at 22,326.90 on Thursday.
Banking Industry:
Starting April 1 of FY25, RBI has authorized 11 banks for gold and silver imports. Eligible banks for both gold and silver include Axis Bank, HDFC Bank, SBI, and Karur Vysya Bank, while Indian Overseas Bank, PNB, and Union Bank of India are limited to gold purchases only.
JSW Steel:
The Vijayanagar Metallics unit has successfully commissioned a 5 MTPA capacity hot strip mill at its Vijayanagar plant.
Muthoot Microfin:
The company raised $75 million through external commercial borrowings for on-lending and financing eligible social loans.
Punjab National Bank:
The board has given approval to raise capital up to Rs 10,000 crore through compliant bonds, in one or more tranches during FY25.
Strides Pharma:
The NCLT has issued a stay on the corporate insolvency resolution process concerning its unit, Strides Alathur.
Aurobindo Pharma:
The agreement for contract manufacturing operations was signed by Unit CuraTeQ Biologics with Merck Sharpe & Dohme Singapore Trading.
Asian Paints:
The board has approved an investment of Rs 200 crore in its unit, Asian Paints International.
Chennai Petroleum Corp:
The company updated the cost of the Cauvery Basin Refinery & Petrochemicals project to Rs 33,023 crore and adjusted the JV's capital structure to 75% equity from IndianOil and 25% from the company.
Edelweiss Financial Services:
The company sanctioned the issuance of NCDs totaling Rs 200 crore.
Karnataka Bank:
The company greenlit the allotment of a QIP issue worth Rs 600 crore and inked a pact with ICICI Lombard General Insurance for distributing their general insurance products.
Great Eastern Shipping:
The company will buy a medium-range product tanker, approximately 51,486 deadweight tons, solely funded by internal accruals, to modernize and expand its fleet.
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