Indus Towers, IGL, other stocks to track on Thursday
Share Market News, Stocks to Track: Domestic equity benchmarks Nifty 50 and Sensex managed to close higher for the fourth session in a row on Wednesday, driven by gains in financial and IT shares though losses in energy and auto stocks limited the upside. As market participants await a new week on Dalal Street, here are a few stocks worth tracking on Thursday, December 5.
Share Market News, Nifty 50/Sensex/BSE 500 Stocks to Track: Domestic equity benchmarks Nifty 50 and Sensex extended gains to a fourth back-to-back session on Wednesday, driven by buying in financial and IT shares though selling in energy and auto shares limited the upside. The Nifty 50 rose 10.3 points to end at 24,467.5 while the Sensex settled 110.6 points, or 0.1 per cent, higher for the day at 80,956.3. Investors now await the outcome of a three-day, bi-monthly meeting of the RBI's Monetary Policy Committee due on Friday, December 6.
As the focus shifts to the next trading session on Dalal Street, here are a few stocks worth tracking on Thursday, December 5.
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Rights Issue
Ace Software Exports shares are set to trade ex-rights on Thursday.
Suven Pharma named among global top 20
Suven Pharmaceuticals has been ranked among the global top 20 companies for sustainable growth in the drugs industry, according to a statement by the drug maker.
Indus Towers in focus; here's a Vodafone connection
British telecom firm Vodafone will sell 3 per cent stake in Indus Towers to clear its $101 million (about Rs 856 crore) debt and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea. The transaction is valued at around Rs 2,841 crore, as per Indus Towers shares' closing price on Wednesday.
IGL bonus shares?
Natural gas distribution firm IGL's board is scheduled to meet on December 10 to consider bonus shares, among other things.