Stocks in Focus on March 26: Yes Bank, India Cements to IndusInd Bank; here are expected 5 Newsmakers of the Day
Stocks in Focus on March 26: Yes Bank, India Cements, IndusInd Bank, Delta Corp and power stocks are expected to remain newsmakers throughout the intraday trade session.
Stocks in Focus on March 26: The domestic stock market surged on Wednesday, March 25, 2020, tracking strong global shares. Sensex at the Bombay Stock Exchange zoomed 1,862 points, or 7 per cent, to end at 28,536. The Nifty at the National Stock exchange shot up 517 points, or 6.62 per cent, to 8,318. But certain stocks came in news after the market was closed and can impact the indices when it reopens on Thursday, March 26, 2020. List of such five stocks:
India Cements: Radhakishan Damani acquires 16 lakh shares (0.52 per cent) at Rs 94.97 apiece.
See Zee Business Live TV streaming below:
IndusInd bank: Europacific Growth Fund sold 35.76 lakh shares (0.57 per cent) at Rs 298.83 apiece.
Power Companies: Power demand drops by almost 20 per cent due to the closure of offices.
Yes bank: The bank’s board is scheduled to meet today to consider and approve a proposal for raising funds through permissible modes.
Delta Corp: The Board of Directors of the Company is scheduled to meet on March 28, 2020, to consider and approve buyback of equity shares.
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