The Reserve Bank of India has allowed foreign investors to hike their stakes in Adani Ports and Special Economic Zone Ltd and Multi Commodity Exchange to 49 per cent and 34 per cent, respectively.
The Securities and Exchange Board of India (Sebi) on Friday exempted Azim Premji-controlled Apex Trust and his son Rishad Premji from making an open offer to Wipro's public shareholders with regard to their stake going up due to a rejig in shareholding of three other promoter entities.
Housing Development Finance Corporation (HDFC) will raise Rs 525 crore through bonds on October 4.
Sebi has kept a constant vigil on the market to contain any severe volatilities in the wake of Indian Army's surgical strikes on terror launch pads across the LoC.
Forex dealers said apart from selling of the American currency by exporters and banks, expectations of strong capital inflows coming into the country in the long-run due to strong economic fundamentals largely supported the rupee.
Geo-political risks are likely weigh on Indian markets for some more time and in short term Nifty can go down to 8,400 levels, says Sanjiv Bhasin.
After the recent correction in markets, there has been some damage to the uptrend, says Gaurav Bissa, derivatives analyst at LKP Securities. However, he said that the longer term bull trend is still intact. In the near-term Nifty can go to 8,700 and will take support at 8,550, Mr Bissa added.
Shares of NHPC rose nearly 5 per cent today after the company signed a power purchase pact with Rajasthan as well as Inox Ltd for a 50 MW wind power project in the state.
The Sensex was mildly lower, dragged down by some selling pressure in FMCG, metal and captial goods stocks.
Shares of liquor companies such as Globus Spirits, Radico Khaitan, G.M.Breweries, Tilaknagar Industries, Pincon Spirit, United Spirits and United Breweries rallied between 3.5 and 12 per cent each after Patna High Court said that Bihar government's prohibition policy is illegal.
Shares of Sintex Industries rallied as much as 7.8 per cent to hit intraday high of Rs 78.60 after the company announced demerger of custom moulding and prefab businesses from the company to Sintex-BAPL Limited and Sintex Infra Projects Limited respectively.
Sumeet Bagadia, associate director at Choice Broking, recommends buying ONGC for target of Rs 260-275 with stop loss at Rs 238.
Alkem Laboratories said that the US regulator had conducted an inspection at the company's manufacturing facility located at Daman from September 20 to September 29, 2016.
The Dow Jones industrial average slid 1.07 percent to 18,143.45 points at the close, its sharpest decline since Sept 13.The S&P 500 lost 0.93 percent to end at 2,151.13 and the Nasdaq Composite dropped 0.93 percent to 5,269.15.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, on track for a 0.4 percent drop for the week. It is poised for a 2.2 percent gain in September, and a 9.5 percent jump in the third quarter.
Dutch financial major ING on Thursday offloaded a 2.5 per cent stake in Kotak Mahindra Bank for an estimated Rs 3,653 crore through an open market transaction.
State-owned Oriental Bank of Commerce on Thursday said it will raise Rs 500 crore through an issue of additional Tier 1 bonds which will open for subscription on Friday.
Alcobra Ltd's market value more than halved on Thursday, a day after the company said the US Food and Drug Administration (FDA) had placed a hold on its lead experimental drug.