Trade Nivesh | Sensex falls 200 pts, Nifty below 11,800
All the sectoral indices are trading lower led by the auto, pharma, FMCG, IT, energy, metal and infra.
Competition Commission of India approved proposed merger of Indiabulls Housing Finance and Lakshmi Vilas Bank.
Sundaram Finance Buys BNP Paribas Stake in Securities Business
Sundaram Finance shares gained more than 2 percent intraday on acquisition of BNP Paribas' stake in securities business.
"We approved the acquisition of 2,20,51,470 equity shares, representing 49 percent in its subsidiary company, Sundaram BNP Paribas Fund Services Limited (SBFS), from BNP Paribas Securities Services, France, for a total consideration of Rs 1.5 crore," the company said in its NSE filing.
After this proposed acquisition, company's stake in SBFS will increase from 51 percent to 100 percent and SBFS will become a wholly-owned subsidiary of company.
TVS Motor slips 2%: Shares of TVS Motor Company slipped more than 2 percent June 21 after brokerage house CLSA has maintained sell call on the stock with a target of Rs 360 per share.
Market Update: Benchmark indices extended the morning losses with Nifty below 11,800 level.
At 09:51 hrs IST, the Sensex is down 201.22 points or 0.51% at 39400.41, and the Nifty down 58.30 points or 0.49% at 11773.50. About 705 shares have advanced, 824 shares declined, and 75 shares are unchanged.
Balaji Telefilms shares gained over 8 percent in the early trade on June 21 after company completed the sale of distribution rights for its upcoming movies.
Buzzing: Share price of Welspun Corp added 2.6 percent in the early trade on Friday after company successfully commenced commercial production of pipes at Madhya Pradesh plant.
All the sectoral indices are trading lower led by the auto, pharma, FMCG, IT, energy, metal and infra.
Competition Commission of India approved proposed merger of Indiabulls Housing Finance and Lakshmi Vilas Bank.
Sundaram Finance Buys BNP Paribas Stake in Securities Business
Sundaram Finance shares gained more than 2 percent intraday on acquisition of BNP Paribas' stake in securities business.
"We approved the acquisition of 2,20,51,470 equity shares, representing 49 percent in its subsidiary company, Sundaram BNP Paribas Fund Services Limited (SBFS), from BNP Paribas Securities Services, France, for a total consideration of Rs 1.5 crore," the company said in its NSE filing.
After this proposed acquisition, company's stake in SBFS will increase from 51 percent to 100 percent and SBFS will become a wholly-owned subsidiary of company.
TVS Motor slips 2%: Shares of TVS Motor Company slipped more than 2 percent June 21 after brokerage house CLSA has maintained sell call on the stock with a target of Rs 360 per share.
Market Update: Benchmark indices extended the morning losses with Nifty below 11,800 level.
At 09:51 hrs IST, the Sensex is down 201.22 points or 0.51% at 39400.41, and the Nifty down 58.30 points or 0.49% at 11773.50. About 705 shares have advanced, 824 shares declined, and 75 shares are unchanged.
Balaji Telefilms shares gained over 8 percent in the early trade on June 21 after company completed the sale of distribution rights for its upcoming movies.
Buzzing: Share price of Welspun Corp added 2.6 percent in the early trade on Friday after company successfully commenced commercial production of pipes at Madhya Pradesh plant.
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