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The rout on May 19 created panic among investors, leading to exchanges like Coinbase and WazirX witnessing temporary shutdowns
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SUUTI held 3.45% stake in Axis Bank at the end of March 2021.
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At close, the Sensex slipped 337 points or 0.68% at 49,564, and the Nifty ended at 14,906 tanking 124 points or 0.83%. The Nifty Metal index sunk over 3 per cent with Tata Steel, Steel Authority of India (SAIL), and Jindal Steel and Power (JSPL) sliding 5% each.
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Interest rates charged and the other charges like loan processing and interest in delayed payments are quite high
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Brokerages expect a sharp improvement in the company’s underlying operating performance, while risk-reward remains attractive
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Shares of the company climbed to Rs 1,813.90 on May 19, 2021 from Rs 21.26 on the same date in 2011
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Basant Agro, National Fertilizers, FACT, RCF, Chambal Fertilisers, Madras Fertilizers, Nagarjuna Fertilizers and Coromandel International also gained between 4%-5%.
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Titan, M&M, Asian Paints, ICICI Bank and L&T were the top gainers on the Sensex. On the downside, ONGC, Sun Pharma, Axis Bank, Bajaj Finance and Bharti Airtel lost up to 2.50%.
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India’s organized food services market is expected to grow at about 10.5% CAGR to $37 billion over FY2020-25E, capturing a 46% market share, up from 40% at present
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Zee Entertainment Enterprises, HPCL, Havells India, and Torrent Power are among 32 firms slated to post their quarterly numbers today.