Benchmark indices fell sharply by nearly 2 per cent each, extending their decline for the third straight session on Friday, amid a bearish trend in global markets. Sensex was down 1,020. It was worth 80 points or 1.73 per cent to end at 58,098. The Nifty dropped 302.45 points or 1.72 per cent to close at 17,327. The Power Grid was the top Sensex loser, slipping 7.93 per cent, followed by Mahindra, State Bank of India, Bajaj Finserv, Bajaj Finance, NTPC, HDFC and IndusInd Bank. Sun Pharma, Tata Steel, and ITC were the only Sensex gainers, rising up to 1.53 per cent.
Here are some stocks that are likely to remain in news today.
Harsha Engineers International: The manufacturer of precision bearing cages will make its debut on Monday at Dalal Street. The company raised 755 crore through its initial public offer IPO by selling shares in the range of 314 -- 330 crore between September 14 and 16.
Bharat Petroleum Corporation: The state-owned oil marketing firm has agreed with Brazilian national oil company Petrobras to source crude oil from the Latin American nation as part of its plans to diversify its sourcing needs. The BPCL imports large amounts of crude oil which is turned into fuel at its three oil refineries.
A Infrastructure: The cement company has received a letter of intent from MP Industrial Development Corporation for allotment of 1.01 lakh square meters of land. It will be setting up a large manufacturing unit.
PI Industries: The promoter of the company sold 10 lakh shares of the firm for Rs 315 crore through open market transactions. Foreign investors and an insurance company bought the shares by a clutch of domestic mutual funds.
Embassy Office Parks REIT: Blackstone will sell a stake worth up to $400 million in Embassy Office Parks REIT, India's biggest real estate investment trust, via block deals, and Abu Dhabi's sovereign wealth fund is likely to pick up half of the stake that Blackstone is going to sell, according to reports.
Spandana Sphoorty Financial: The non-banking finance company raised Rs 40.35 crore through its non-convertible debentures issue. On a private placement basis, the board members have cleared an allotment of 402 non-convertible debentures of face value of Rs 10,03, 924.
Infibeam Avenues: The fintech payment infrastructure company has consolidated its international business to expand its global digital payment gateway infrastructure market. The company will issue 240 crore shares with face value of Rs 2 per share at an issue price of Rs 5 per share.
Laxmi Organic Industries: The specialty chemical company has resumed its operations at its Mahad plant in Maharashtra. It will increase capacity utilisation in the next few weeks. The plant was closed for 21 days to conduct maintenance activities.
Coal India: The state-owned coal miner will ink pacts with three public sector enterprises - Bharat Heavy Electricals BHEL Indian Oil Corporation IOCL and GAIL to set up four surface gasification projects.