Share Market News: IIFL Finance, Tata Power, NALCO, other stocks to follow on Friday
Share Market News: Domestic equity benchmarks registered soft gains on Thursday, driven by buying in financials and FMCG stocks, after the Fed delivered a better-than-expected cut in key US interest rates. The Sensex rose 236.6 points, or 0.3 percent, to end at 83,184.8 while the Nifty50 settled with a gain of 38.3 points, or 0.2 percent, at 25,415.8.
As market participants await the final trading session of the week, here is a list of stocks that will be in focus during Friday’s session on Dalal Street including IIFL Finance, Tata Power, Axis Bank, and NALCO:
Godfrey Phillips
The company’s board is scheduled to meet on Friday to consider the payment of a bonus to shareholders.
AGM
The GNFC is expected to hold its 48th Annual General Meeting (AGM) at 3:00 pm.
Buy news
The Jai Corp share purchase, valued at Rs 117.8 crore, will close on Friday.
Dividends
A number of stocks due to ex-dividend trade at the opening on September 20, including GMDC, NALCO, and RITES.
RITES will also trade with the old bonus, except for The Phoenix Mills.
UPDATE: Fed surprises economists with better-than-expected 50 bps rate cut
Axis Bank
Capital markets regulator Sebi has barred Axis Capital from taking up new assignments as a bank dealer for debt securities.
IIFL Finance
The RBI has lifted certain restrictions imposed in March that prohibited NBFCs from providing gold loans. Read more
EMS
The company emerged as the lowest bidder for the Rs 681.5 crore order from the Kolkata Municipal Corporation.
Tata Amandla
Tata Power and Adaro have agreed to settle a dispute related to coal supply.
Infosys
The IT giant has expanded its strategic partnership with Posti, a provider of delivery and logistics services across Finland, Sweden, and the Baltics.
Lemon Tree Hotels
The company has opened a 44-room resort in Mussoorie, Uttarakhand.
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