The benchmark indices dropped for the fourth straight session on Monday, in line with weak global equities amid foreign fund outflows. Sensex lost 953.70 points or 1.64 per cent to 57,145 at the end of the day. The Nifty fell 311.05 points or 1.80 per cent to close at 17,016. The mid-cap and small-cap indices on the BSE fell 718 points and 959 points. Banking, auto and metal shares were the top sectoral losers, with their BSE indices falling 1,037 points, 1,157 points and 841 points, respectively. Market breadth was negative with 611 stocks ending higher against 2,980 stocks falling on the BSE, while 116 shares were unchanged.
Share Market News Today Live Updates: Sensex, Nifty may take a breather after a 4 day losing run amid mixed global cues.
Here is a look at stocks that are likely to remain in news today.
PVR Ltd: Film exhibition company PVR Cinemas will invest up to 350 crore to open 100 new screens in FY 23. The company expects to close with Inox Leisure by February 2023, after which it will start to run as a combined business, according to PVR's chief executive Gautam Dutta.
The battery firm plans to integrate the battery plastic component business of Mangal Industries into its fold through a scheme of arrangement. The process involves the demonetization of Mangal Industries' plastics component battery business with the company.
The Embassy Office Parks REIT: Blackstone plans to sell 7.7 crore units of Embassy REIT worth Rs 2,650 crore via block deals on September 27th, according to reports. The offer price of the block deal is Rs 345 per unit.
The firm of Forbes has announced plans to demerge its precision tools business. The precision tools business will be shaped into a new entity - Forbes Precision Tools and Machine Parts.
Dhanuka Agritech: The agrochemical firm said there were many ghost companies selling spurious pesticides in the domestic market and called for a crackdown against illegal trade as it affects all stakeholders, including farmers. It has three manufacturing units located in Jammu and Kashmir, Rajasthan and Gujarat.
Shree Ajit Pulp and Paper: The board of directors are due to meet on September 29 to discuss the issue of equity shares of the company on a rights basis.
Dev Information Technology: Microcap IT company has won an order worth Rs 4.97 crore for database management system software along with data centre class operating system software.
Jyoti Structures: The company has won a contract worth Rs 237 crore from Sterlite Power Transmission for the turnkey supply and construction of 400 KV and 220 kV double circuit transmission line in Goa Karnataka. It will be commissioned in a phased manner by December 2023 and July 2024.
Mahindra Logistics has a business transfer agreement with Rivigo Services and its promoter for the acquisition of its B 2 B express business, as a going concern, on a slump sale basis. The acquisition is expected to be completed by November 1, and the transaction cost is Rs 225 crore.
Filatex India commissioned a project for debottlenecking a melt capacity of 50 MT per day and production lines of 120 MT per day at Dahej Plant.
Mastek: Smallcap World Fund Inc bought 5,49, 676 equity shares via open market transactions. These shares were bought at an average price of Rs 1,759. 97 per share. Hornbill Orchid India Fund sold 4,29, 086 shares in the company at an average price of Rs 1,760. 01 per share.
On September 23rd, Mercator: Promoter AHM Investments offloaded 1 lakh shares or 0.03 per cent via open market transactions. Its stake in the company has gone down to 3.14 per cent, down from 3.17 per cent earlier in the day.