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Showing posts with label Sensex. Show all posts
Showing posts with label Sensex. Show all posts
Friday, June 29, 2018
Opening Bell (29 June 2018)
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Wednesday, June 27, 2018
MCX SUPPORT & RESISTANCE LEVEL
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INTERNATIONAL MARKET UPDATE:
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NCDEX SUPPORT & RESISTANCE LEVEL
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IndusInd Bank hits record high after acquisition of IL&FS Securities Services
IndusInd Bank share price hit a fresh record high of Rs 1,995 in the opening after the private sector lender decided to acquired infra lender IL&FS' brokerage business. However, the stock price immediately wiped out those opening gains to trade 0.33 percent lower at Rs 1,977 on the BSE, at 09:30 hours IST.
The city-based lender, which has recently got the final nod for a merger with microlender BFIL, has received the Reserve Bank go-ahead for acquiring IL&FS Securities Services, it said in a statement.
"The acquisition will help us scale up the present capital market business in the bank and bring new specialised products, hitherto not offered by us, to our clients," said Romesh Sobti, managing director and chief executive officer, IndusInd Bank.
Incorporated in 2007, the brokerage offers clearing of exchange traded derivatives, depository and custodial services and has over 1,000 broker client accounts, FPIs and FIIs, the statement said, adding that its platform sees three million transactions a day.
It had clocked revenues of Rs 324.5 crore in FY18 versus the previous fiscal's Rs 342.65 crore, and a post tax net of Rs 45 crore.
The bank acquired securities business for an undisclosed amount. A definitive agreement for acquisition of 100 percent ownership against cash has been signed.
IndusInd Bank said it would take up to three months to complete the acquisition.
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Source: https://www.moneycontrol.com/news/business/markets/indusind-bank-hits-record-high-after-acquisition-of-ilfs-securities-services-2638981.html
Opening Bell (27 June 2018)
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Tuesday, June 26, 2018
Closing Bell (26 June 2018)
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Market Live: Sensex opens 100 pts lower; Asia under pressure on crude worries
"The company is not aware of any such negotiations. We would like to state that the company does not have any information on the news item published," the company said in an exchange notification.
The share had rallied on Monday, around 15 percent, on the back of media reports that the bank’s controlling stake was up for grabs. However, senior management at HDFC and now at PNB Housing Finance have clarified that no such talks are underway.
According to a report on The Economic Times, both the lenders were competing for a controlling stake in PNB Housing Finance in a bid to get better access to mortgage market.
The report further added, quoting sources, PNB and Carlyle were looking to sell their 66 percent stake to a large investor. The deal is expected to fetch them about Rs 6,000 crore each, the people said.
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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-opens-100-pts-lower-asia-under-pressure-on-crude-worries-2633361.html
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