Bank

Wipro, Indigo, HDFC Bank, Adani, Fertilizer Stocks and others

The market tried to extend the trip north but failed in the morning trade itself and remained limited for the rest of the session in the last session. Benchmarks moved into the August 30 trading range for the fourth consecutive session. The BSE Sensex fell 49 points to 59,197, while the Nifty50 fell 10 points to 17,656.

Stocks in the news

Wipro

The IT services company has begun an expanded collaboration with Palo Alto Networks to provide managed security and network transformation solutions such as SASE (Secure Access Service Edge), cloud security and SOC (Security Operations Center) solutions from new generation based on Zero Trust principles for the whole world. businesses.

Astral

The company received an order from the NCLT sanctioning the scheme to merge subsidiaries Resinova Chemie Limited and Astral Biochem Private Limited with itself. As a result, the Scheme of Amalgamation came into effect on September 6.

Para Defense and Space Technologies

The company has entered into an exclusive association agreement with ‘ELDIS Pardubice’ sro, Czech Republic. They are intended to provide turnkey anti-drone systems for civilian airports in India.

InterGlobe Aviation

Petrus Johannes Theodorus Elbers joined the company as Managing Director effective September 6.

Salasar Techno Engineering

The share will be in focus as the company said its board fundraising committee had approved the allocation of 3 crore equity shares to QIBs at a price of Rs 27.30 per share. The company raised Rs 81.9 crore through its issuance.

Zuari Industries

The company has signed a memorandum of understanding with Envien International, Malta and Zuari Envien Bioenergy, to build and operate a biofuel distillery. The company will explore organic and inorganic business opportunities in biofuels in India.

Fertilizer sector

The government could consider privatizing the UAPs in the sector. According to the PES policy, 2021, the government will seek to exit non-strategic sectors, such as fertilizers, steel and tourism, by privatizing or closing UAPs.

HDFC Bank

On Tuesday, India’s largest private sector lender sold additional Tier 1 (AT-1) bonds worth Rs 3,000 crore at a cut-off rate of 7.84% – the lowest rate disbursed by a bank, so far, in fiscal year 23. Tuesday’s bond sale marks the first time a private bank has tapped the debt capital markets by issuing AT-1 bonds in the course of the current exercise.

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