STOCK MARKET OPENING BELL
SENSEX UP + 29.24 @ 28372.25, NIFTY FUTURE DOWN - 3.60 @ 8791.00, BANK NIFTY FUTURE UP + 34.50 @ 19672.50, USD/INR – 67.0850.
The market has opened higher with support from banks. The Sensex is up 46.66 points or 0.2 percent at 28389.67, and the Nifty is up 9.70 points or 0.1 percent at 8754.05. About 277 shares have advanced, 80 shares declined, and 24 shares are unchanged. Wipro, Cipla, Asian Paints, ITC and Sun Pharma are top gainers while ONGC, BHEL, Adani Ports, Tata Steel and Reliance are losers in the Sensex. The Indian rupee opened marginally lower at 67.08 per dollar versus 62.02 Tuesday.
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ABOVE 199 TG1 201 TG2 206 SL 196.90
Bajaj Finance shareholders approve stock split, bonus issue Bajaj Finance today said its shareholders have approved proposals to split its stock in the 1:5 ratio and also to issue bonus shares in 1:1 ratio. The shareholders also approved the issuance of bonus shares, under which Bajaj Finance will make allotment in the ratio of 1:1. These shareholders would get equity shares of face value of Rs 2 each upon subdivision of equity shares of face value of Rs 10 each, and fully paid up bonus equity shares of face value of Rs 2 each in the proportion of one bonus equity share for every one equity share of face value of Rs 2 (that is as adjusted for subdivision of equity shares).
Bajaj Finance stock closed 0.15 per cent up at Rs 10,772 on BSE. The company shares have appreciated by over 25 per cent from Rs 8,592.10 on July 11, when it had first announced the stock split and bonus issue plans. Results today: MCX , Aditya Birla Fashion and Retail , Ansal Properties, Hathway Cable, Kanoria Chemicals, UB Holdings, Sadbhav Infrastructure, Power Mech Projects, Lloyd Electric
Stocks in news: RBL Bank | Kotak Mahindra Bank | DLF | Delta Corp | UltraTech Cement | Reliance Communications | Sterlite Technologies | Ujjivan Financial | PG Electroplast | Phoenix Mills | Jain Irrigation | Indraprastha Medical and Cox & Kings are stocks, which are in the news today.
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ABOVE 254 TG1 259 TG2 267 SL 251.20
Shares of RBL Bank was listed at the exchanges at Rs 274.20 per share, up 22 percent from its issue price of Rs 225. The first private lender IPO in a decade was open for subscription on August 19. Price band was fixed at Rs 224-225 for share sale. The plan included raising up to Rs 832.50 crore through the issue of fresh shares and up to Rs 380.46 crore in an offer for sale by existing shareholders. The share sale, accounting for 10-11 percent stake, will give the bank a valuation of over Rs 12,000 crore.