The market declined for the second straight trading session on Monday, September 30, 2019, dragged by weakness in banking and financial stocks. But, certain stocks came in news after the market was closed for trading and can have an impact on the indices when it reopens on Tuesday, October 1, 2019. Here is a list of five such stocks:

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

PSU Companies in focus: The panel of secretaries has proposed the government to exit from four public sector undertakings (PSUs), namely Bharat Petroleum, Shipping Corporation of India, Tehri Hydro (THDC) and North Eastern Electric Power Corporation Limited (NEEPCO). And, it advised the government to reduce its holding in Concor to 25% from around 55%. 

See Zee Business Live TV streaming below:

IRCTC IPO: The initial public offering (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed about 81 per cent on the opening day of bidding on Monday. The price range for the IPO has been fixed at Rs 315-320 per share. A discount of Rs10 is being offered to the retail investors. The lot size or minimum order quantity is 40. The issue that seeks to raise about Rs628-638 crore will close on October 3. 

NSE Update: NSE increased a market lot of 52 companies and reduced it for 5 companies. The changes will be effective from November 1. Companies whose lots size have been reduced include Adani Power (reduced from 20,000 to 10,000), HDFC (reduced from 500 to 250), Interglobe Aviation (reduced from 600 to 350), Marico (reduced from 2600 to 1300) and NIIT Tech (reduced from 750 to 375). 

ONGC/MGL/IGL: Stocks of the oil marketing companies will be in focus today as the government on Monday cut the domestic natural gas price by 12.5% to USD 3.23 per million British thermal units (MMBtu) for the six months beginning October 1. 

Tata Communication: Amansa Holding Pvt Ltd on Monday sold 18.52 lakh shares of the digital infrastructure provider Tata Communication for Rs 68.55 crore. As of the June quarter, Amansa Holding owned over 53.88 lakh shares or 1.89% stake in the company. Meanwhile, ace investor Rakesh Jhunjhunwala's wife Rekha has picked up 19.65 lakh shares of in the digital infrastructure provider at an average price of Rs 370 for an estimated transaction of around Rs 73 crore through an open market transaction.