Nifty futures were trading 22.5 points or 0.15 per cent higher at 15,384.50 on the Singapore Exchange, indicating that Dalal Street was headed for a positive start on Tuesday. Markets returned to positive territory in yesterday’s session with the BSE Sensex rising over 200 points backed by FMCG, IT stocks and HDFC twins. The rally from European counterparts also picked up momentum on Dalal Street. Experts call this a relief rally after the market entered oversold levels, as the benchmark indices had fallen nearly 7 per cent in the past six consecutive sessions. The BSE Sensex closed 237 points higher at 51,598, while the Nifty 50 climbed 57 points to end at 15,350.
HUDCO
Fitch Ratings has confirmed the rating of Housing and Urban Development Corporation at ‘BBB-‘ level i.e. sovereign level. At the same time, the rating agency has downgraded HUDCO’s outlook from ‘negative’ to ‘stable’. Rating action follows change in government’s approach India Rating ‘Stable’ to ‘Negative’ as on June 10, 2022.
oil and natural gas corporation
The Ministry of Petroleum and Natural Gas has approved extension of the additional charge of the post of Chairman and Managing Director (CMD) to Alka Mittal, Director (HR) for a period of two months from July 1 to August 31, 2022 or for a period of two months. Appointment of a regular incumbent to the post, or until further orders, whichever is earlier.
Suven Life Sciences
The company informed the exchanges that the Board of Directors will meet on June 24 to consider raising funds by issuing equity shares on rights basis to the existing equity shareholders of the company.
Fineotex Chemical
The company said that a meeting of the board will be held on June 24 to decide on raising funds by issuing equity shares. It is subject to shareholders and regulatory approval.
Engineers India
The company said the board of directors has nominated Sanjay Jindal, director (finance) as the chief financial officer of the company in place of Vartika Shukla, CMD and additional charge director (technical). The appointment is for a period of five years with immediate effect, or till the date of his retirement or until further orders, whichever is earlier.
Bharat Forge
The company has decided to consolidate its electric vehicle business initiatives under wholly owned subsidiary Kalyani Powertrain (KPL) for better strategic alignment. Accordingly, its Investment Committee – Strategic Business has approved the transfer of the company’s stake in the joint venture company Refu Drive GmbH to KPL, subject to obtaining necessary approvals from the regulatory authorities.
The views and investment suggestions of experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decision.
read all breaking news , today’s fresh news watch top videos And live TV Here.