Nifty, Sensex Trendless – Monday closing report
The major indices were choppy today and managed to close flat. On the NSE, there were 1,150 advances, 683 declines and 292 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:
 
 
The Enforcement Directorate (ED) attached 124 immovable properties valued at Rs 175.29 crore of Prakash Vanijya Pvt Ltd and others for defrauding Central Bank of India to the tune of nearly Rs 235 crore.
 
Shriram Transport Finance plans to issue redeemable non-convertible debentures/ subordinated debentures on private placement basis to raise up to Rs35,000 crore.
 
IFCI has approved the preferential issue of equity shares aggregating to Rs. 200 crore to the promoter i.e. Govt. of India, subject to the approval of the shareholders.
 
Infibeam Avenues plans to acquire USA registered firm AI Fintech, Inc. The acquisition is to expand Digital Payments business in United States.
 
The Power Transmission & Distribution Business of L&T Construction has bagged orders in India and abroad. The business has won an order to modernize the power distribution network in a subdivision of Bengaluru Metropolitan Area Zone. The business has also bagged orders to establish 220kV, 132kV Substations and 132kV cable networks in India, the Middle East and Africa. In a consortium, another order has been secured for the rehabilitation of substations and transmission lines associated with hydropower plants in Myanmar.
 
Mahindra & Mahindra allotted 6.65% 10,000 unsecured, redeemable NCDs of Rs. 10,00,000/- each for cash at par, aggregating Rs.1,000 crores on private placement basis.
 
ABB Power Grids has been awarded a project worth Rs.165 crore by state-owned refiner Indian Oil Corporation (IOCL) to ensure reliable grid connection at its Barauni refinery in Bihar.
 
Prakash Pipes has received all the regulatory permissions to operate its flexible packaging plant at Kashipur, Uttarakhand, which provides material for packaging of essential commodities
.
IRB InvIT fund’s SPVs received a communication from NHAI instructing resumption of collection of user fee at all toll plazas on National Highways w.e.f. April 20, 2020 by ensuring compliance with preventive measures.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
  • User 

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  • Weekly Moneylife Indices & Sector Trends
    INDIAN MARKET TRENDS
    From 9th April to 16th April, ML Micro-cap Index rose 6%. Both, ML Mid-cap Index and ML Small-cap Index rose 4%. ML Large-cap Index rose 2%. ML Mega-cap Index ended flat. The NIFTY and the Sensex fell 1% and 2%, respectively.
     
     
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    Foreigners: Foreign institutional investors were net sellers of equities during the period...
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