Business News Desk – This week saw a recovery in the domestic stock markets, however, due to light profit-booking on Friday, the last day of the week, the five-day gain came to a halt. The markets were closing in the green for five consecutive days. Today closed in the red. The markets closed down after trading in the range following monetary policy. But after the cut in CRR (Cash Reserve Ratio), buying was seen in public sector bank shares. Nifty closed 30 points down at 24,677. Sensex closed 56 points down at 81,709 and Nifty Bank closed 94 points down at 53,509. The stock market had a flat start today ahead of RBI’s monetary policy. Nifty and Sensex were seen swinging between red and green marks. Sensex opened 122 points up at 81,887. Nifty opened 21 points up at 24,729 and Bank Nifty opened 31 points up at 53,634.
However, after this the index slipped slightly and flat trading was seen in early trade. In his address, the RBI Governor said that the Monetary Policy Committee has decided to keep the repo rate stable, while the CRR (Cash Reserve Ratio) has been reduced by 0.50 percent. There was a decline in the market with the address, but after this the market seemed to recover from the lower levels.
Share today’s news
RBI approves disinvestment in Canara Robeco AMC and Canara HSBC Life through IPO
Approval to sell 13% stake in Canara Robeco AMC
Approval to sell 14.5% stake in Canara HSBC Life
Time to bring stake to 30% by October 31, 2029
Ola Electric
CCPA seeks additional documents and information based on company’s previous response
CCPA directed to submit documents within 15 days
CCPA: Central Consumer Protection Authority
Torrent Power (CMP:1664)
QIP closed yesterday
Issue Price Rs 1503/share (9.6% discount to CMP)
Raised Rs 3500 crore through QIP
QIBs include- SBI Funds, MPS Trust, Kotak Funds, New World Fund Inc, American Funds Insurance and Nippon India Funds
Nykaa Fashion
Nihir Parikh resigns as CEO of Nykaa Fashion
resigned due to personal reasons
Resignation effective from November 5
zagle prepaid
Agreement with Hitachi Energy
Agreement to provide Zaggle Propel Rewards solution for 1 year
Agreement with Blink Commerce
Agreement to provide Zoir Solution for 2 years
rights
Order received from IIM Raipur for Project Management Consultant (PMC) for Campus Development
Order worth Rs 148.25 crore received
The order will be completed in 23 months