Sensex falls 37 points, Nifty ends flat

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Sensex falls 37 points, Nifty ends flat

Benchmark indices ended up falling for the fifth straight session on Tuesday, due to partial recovery in Asian markets. The indices attempted a comeback during the session but gave up gains in the last 45 minutes of trade. Sensex fell 37 points to 57,107 and Nifty lost 9 points to 17,007. Among the 30 share Sensex pack, Tata Steel, Titan, Kotak Bank, SBI and HDFC were the top Sensex losers falling to 1.85 per cent. The top Sensex gainers were IndusInd Bank, PowerGrid, HCL Tech, Infoys Wipro and Dr Reddy's.

Here is a look at stocks that are likely to remain in news today.

Axis Bank: The lender will invest around 50 -- 70 crore to acquire a little less than 10 per cent stake in Fairfax-backed Go Digit Life Insurance. The lender is a promoter of the Max Life Insurance Company.

The sale of the balance 12.25 acre of land for Rs 125.11 crore was completed by the GOCL Corporation. It had sold 32 acre of 44.25 acre earlier in the day.

Mahindra CIE Automotive: Mahindra Mahindra Mahindra has offloaded 82,42, 444 shares or 2.173 per cent of the associate company Mahindra CIE Automotive. The sale was executed through a bulk deal window at a gross price of Rs 285 per share.

Bharat Heavy Electrical: The company has won an order to set up the 2 x 660 MW Talcher thermal power project Stage-III on the EPC engineering, procurement and construction basis from NTPC.

The state-owned transmission major PowerGrid Corporation has appointed its Director Finance G Ravisankar as Chief Financial Officer CFO with effect from Monday. The Board of Directors approved the appointment of G Ravisankar, Director Finance, as CFO of the company from September 26th, 2022.

The IFCI: The company said it has cleared preferential issue of equity shares up to Rs 100 crore for FY 23 to the Government of India. The shareholders' approval is needed to make this happen.

Future Lifestyle Fashions: Investor Pioneer Investment Fund offloaded 4.73 lakh equity shares or 0.23 per cent of the company via open market transactions on September 22 -- 23. It reduced its stake to 2.20 per cent, from 2.44 per cent earlier in the day.

Since December last year, LIC has bought a 2 per cent stake in the state-owned refiner for nearly 1,598 crore. Its shareholding in BPCL has increased from 15.25 crore to 19.61 crore equity shares, increasing its holdings from 7.03 per cent to 9.04 per cent of the company.

The Indian Institute of Management - AhmedabadIIMA has inked an agreement with Nykaa to set up the Nykaa Chair in Consumer Technology The Chair is being set up for an initial period of three years and has been facilitated by the IIMA Endowment Fund.

The Bank of India: State-owned lender said it has acquired over 5.5 per cent of the Open Network for Digital Commerce ONDC for Rs 10 crore.

Torrent Pharmaceuticals bought Curatio Healthcare, which has a strong presence in the cosmetic dermatology segment with a portfolio of over 50 brands, for Rs 2,000 crore. It has entered into definitive agreements to acquire 100 per cent of Curatio, which reported revenue of Rs 224 crore for FY 21 -- 22.