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Key indices declined due to negative cues from European stocks. The barometer index, the S&P BSE Sensex, fell 152.53 points or 0.49% to 31,138.21, as per the provisional closing data. The Nifty 50 index fell 56.20 points or 0.58% to 9,573.80, as per the provisional closing data. Selling in bank shares put pressure on key benchmarks.
Key indices were hovering near days low in mid-morning trade. At 11:15 IST, the barometer index, the S&P BSE Sensex, was down 68.05 points or 0.22% at 31,222.69. The Nifty 50 index was down 33.35 points or 0.35% at 9,596.65. Realty shares declined. IT shares were mixed.
Key benchmark indices settled with small gains after a lacklustre session of trade as most global stocks rose after the surprise UK general election result left the country facing a “hung parliament,” where no single party has a majority. The barometer index, the S&P BSE Sensex rose 48.70 points or 0.16% to settle at 31,262.06. The Nifty 50 index gained 21 points or 0.22% to settle at 9,668.25.
1. Sub-division of the Equity Shares of face value of Rs. 2/- each into Equity Shares of face value of Re. 1/- each and consequently amendment of the Capital Clause of Memorandum of Association of the Company.
Key benchmark indices languished in the negative terrain in morning trade despite mostly higher Asian stocks. At 10:20 IST, the barometer index, the S&P BSE Sensex was down 65.10 points or 0.21% at 31,147.87. The Nifty 50 index was down 23.15 points or 0.24% at 9,624.10.
Sunteck Realty on Thursday said that in order to make it affordable for small investors, the company would sub-divide shares to face value or Rs 1 each.
The board of directors of Sunteck Realty is scheduled to meet on Thursday to consider sub-division of the face value of equity shares of the company. As the current face value of the company’s shares is ₹2, the company can reduce it to ₹1. The stock is ruling at around ₹465.
Shares of Sunteck Realty rose 2.2 percent intraday Wednesday as the board will consider sub-division of its equity shares on June 8.
Tata Motors consolidated net profit fell 16.79% to Rs 4336 crore on 2.86% fall in revenues to Rs 77272 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017. Consolidated profit was lower due to translation impact from Pound to Indian Rupee.