Stocks in Focus on January 7: Real Estate Stocks, Bandhan Bank, NMDC, PVR to Wendt India; here are the 5 Newsmakers of the Day
The Nifty closed below the 14,200-mark. Buying was seen in metal, realty and banks stocks while FMCG and IT shares tumbled. The S&P BSE Sensex, dropped 263.72 points or 0.54% at 48,174.06. The Nifty 50 index slipped 53.25 points or 0.38% at 14,146.25. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday
The BSE Sensex ended with modest losses on Wednesday, January 6, 2021, snapping its ten-day rising streak. The Nifty closed below the 14,200-mark. Buying was seen in metal, realty and banks stocks while FMCG and IT shares tumbled. The S&P BSE Sensex, dropped 263.72 points or 0.54% at 48,174.06. The Nifty 50 index slipped 53.25 points or 0.38% at 14,146.25. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, January 7, 2021. List of such five stocks:
Real Estate Stocks: Real Estate stocks will be in focus today as Maharashtra government on Wednesday decided to reduce all premiums related to the sector by 50%. Builders have to pay stamp duty on behalf of customers. It will be applicable till December 31, 2021.
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Bandhan Bank: The private sector lender on Wednesday released its quarterly update for Q3FY21 ended December 31, 2020, and reported 23% (YoY) increase in loan and advances. The bank's total deposits grew by 30% (YoY), while CASA Ratio (%) increased from 38% reported in the September quarter to 43% in December quarter.
NMDC: Iron ore prices increased on January 6, 2021. Lump Ore Price went up from Rs 5200 / ton to Rs 5700 / ton, + 9.6%. Fines price went up from Rs 4610 / ton to Rs 4810 / ton, + 4.3%.
PVR/Inox in Focus: The Ministry of Home Affairs on Wednesday asked Tamil Nadu government to immediately retract its order for 100% seating capacity in theatres and cinema halls. It asked the state to bring their guidelines in line with the MHA guidelines issued for Covid-19 containment after the state increased the seating capacity of theatres and cinema halls from 50% to 100% earlier. The MHA notification says States and UTs shall not dilute guidelines issued under DM act in any manner.
Wendt (India) Ltd: Wendt India's OFS (offer for sale) opens today for non-retail investors only. It will open for retail investors and non-retail investors who choose to carry forward their un-allotted bids tomorrow. Wendt GmBH seeks to sell up to an aggregate of 94,704 equity shares (representing 4.74% of the total issued and paid-up Equity Share capital) of Wendt (India) Ltd. The floor price for the Sale be Rs 2,200 per share.
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