Share Market News: IIFL Finance, Tata Power, NALCO, other stocks to track on Friday

Share Market News: Domestic equity benchmarks registered mild gains on Thursday, driven by buying in financial and FMCG shares, after the Fed delivered a better-than-expected cut in the key US interest rates. The Sensex rose 236.6 points, or 0.3 per cent, to end at 83,184.8 while the Nifty50 settled with a gain of 38.3 points, or 0.2 per cent, at 25,415.8. 

As market participants await the last trading session of the week, here's a list of stocks that are set to be in focus during Friday's session on Dalal Street including IIFL Finance, Tata Power, Axis Bank, and NALCO: 

Godfrey Phillips

The company's board is scheduled to meet on Friday to consider a bonus payout to shareholders.

AGM

GNFC is slated to conduct its 48th annual general meeting (AGM) at 3:00 pm. 

Buyback news

Jai Corp's share buyback, worth an estimated Rs 117.8 crore, is set to close on Friday.

Dividend stocks

A bunch of stocks are due to trade ex-dividend at the opening bell on September 20, including GMDC, NALCO, and RITES.

RITES will also trade ex-bonus, besides The Phoenix Mills. 

ALSO READ: Fed surprises economists with better-than-expected 50 bps rate cut

Axis Bank 

Capital market regulator Sebi has restrained Axis Capital from taking up new assignments as a merchant banker for debt securities. Read more

IIFL Finance  

The RBI has lifted certain restrictions placed in March that prohibited the NBFC from providing gold loans. Read more

EMS  

The company has emerged the lowest bidder for a Rs 681.5 crore order from the Kolkata Municipal Corporation. 

Tata Power

Tata Power and Adaro have agreed to settle a dispute related to coal supply.

Infosys  

The IT major has extended a strategic collaboration with Posti, a provider of delivery and logistics services across Finland, Sweden, and the Baltics.

Lemon Tree Hotels

The company has opened a 44-room resort in Mussoorie, Uttarakhand.

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