Shares of Avenue Supermarts gained 6 percent as promoter of the company sold the stake in the company for achieving minimum public shareholding.
The promoter of the company, Radhakishan Shivkishan Damani has completed sale of 6,240,844 equity shares of the company, constituting 1 percent of the paid-up equity share capital of the company, between May 21 and May 24, 2018.
Under SEBI norms, every listed company will need to maintain a public shareholding of at least 25 percent.
Cox & Kings stock rose 3% after non-banking finance company's license granted to its wholly owned subsidiary, Cox & Kings Financial Service Limited.
Shares of IFCI soared 5% as company received Rs280cr from Bhushan Steel resolution.
Vedanta’s stock fell over 3% as investors remained cautious of tensions at Thoothukudi in Tamil Nadu, which houses its copper unit.
· Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.09% while the Hang Seng is down 0.44%. The Shanghai Composite is not trading.
· US Markets: The Dow Jones Industrial Average fell 75.05 points, or 0.3 percent, to 24,811.76, the S&P 500 lost 5.53 points, or 0.20 percent, to 2,727.76 and the Nasdaq Composite dropped 1.53 points, or 0.02 percent, to 7,424.43.
· European markets- European markets finished lower today with shares in Germany leading the region. The DAX is down 0.94% while London's FTSE 100 is off 0.92% and France's CAC 40 is lower by 0.31%.
Trend in FII flows:- The FIIs were Net Value of Rs -701.93 in the cash segment THURSDAY while the DIIs were Net Value of Rs 1480.51 as per the provisional figures.
TODAY ON EARNING FRONT:- Sun Pharma, Tech Mahindra, Bank of Baroda, Cadila Healthcare, Page Industries, IDBI Bank, Power Finance Corporation, Sundaram Finance, NBCC India, Max Financial, Karur Vysya Bank, Jagran prakashan, BEML and India Cements.
Securities in Ban For Trade Date 25-MAY-2018 :-
3. Jet Airways,
4. Jain Irrigation Systems and
5. Reliance Communications