Stock Market Update: Amidst mixed global signals, the domestic stock market is trading in a range today. Both the Sensex and Nifty indices have strengthened in the business.
Nifty has crossed 17850. There is a mixed reaction in today’s business. If there is a rise in auto stocks, then there is pressure on IT.
Trading is being done in the range in bank and financial shares. Metal, Pharma, FMCG and Realty indices are seen in green on Nifty. Currently Sensex is up by 81 points and it is trading at the level of 59923; Whereas Nifty is up by 32 points and it is trading at the level of 17857.
Today there is a buy in heavyweight stocks. 23 stocks of Sensex 30 are in green mark. HDFC Twins are the top losers while NTPC is the top gainer.
The state-owned power company has floated a tender for raising term loans worth Rs 5,000 crore from financial institutions.
As per the document, bids can be submitted till 11 am on August 31. The minimum amount of loan given by banks or financial institutions should be Rs 500 crores or Rs 500 crores in multiples.
Cipla has appointed Ashish Adukia as Global Chief Financial Officer. After which the stock will be in focus today. Dinesh Jain has been relieved of additional responsibility as the interim Chief Financial Officer of the company. Jain will continue as Senior Vice President and Head of Corporate Finance.
Also Read – Stock Market Update Today: Today’s Top Gainers
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