PNB, SBI, Laurus Lab, Fino Payments Bank and GSPL are stocks in news for these reasons

Stocks in News: Even as global cues remain mixed on account of truncated trading week in the US, Indian stock Markets are expected to see positive action when they resume trading on Friday. There could be stock specific action based on news with respect to these counters.

One stock that could be in news is Punjab National Bank (PNB) where the government has given its go-ahead to the state lender to sell its 15.22 per cent stake in UTI AMC. The approval has come to seel the entire stake in UTI AMC.

The second largest public bank can sell its stake in one or multiple tranches.

Another stock could be State Bank of India (SBI) where the board will meet on 29 November to consider approval for raising of Infrastructure bonds up to Rs 10000 cr.

Laurus Lab is likely to buy 26 per cent stake in Ethan Energy and could be in news as well.  

There will be a change in price band in stocks Fino Payments Bank and Gujarat State Petronet Limited. While in case of former it is from 10 per cent to 20 per cent, the latter is from 20 per cent to 10 per cent.

Insurance sector stock will also remain in focus as the regulator Insurance Regulatory and Development Authority’s (IRDAI) board will meet to discuss reforms in this sector.   

Also Read: Stock Market Today Live: Cues mixed for Sensex, Nifty amid negative SGX Nifty, Dow Futures and truncated Friday session on Wall Street

Global cues remain mixed for Indian benchmark indices S&P BSE Sensex and NSE Nifty 50 on Friday, November 25 as Singapore-based SGX Nifty, an early indicator of Nifty movement was trading 45 points, or 0.24 per cent lower at 18,623 hours before the opening of domestic markets.  Today is the start of December series

On Thursday, Sensex and Nifty rallied over 1 per cent to close at lifetime highs of 62,272.68 and 18,484.10 on the closing basis respectively.