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Nifty Bank index came off day's low led by buying in Kotak Mahindra Bank, Axis Bank and HDFC Bank. Nifty Bank index was down 0.65 percent at 25,000 level.
Vipul: The Delhi-based real estate developer rose 2 percent to Rs 65.50. As many as 18.57 lakh shares changed hands compared with an average of 2,733 shares traded daily in the past two weeks.
RPG Life Sciences: The drug maker rose 5 percent to Rs 480.40. As many as 25 lakh shares changed hands compared with an average 5,500 shares traded daily in the past two weeks.
Laxmi Machine Works: The industrial machinery maker rose 0.16 percent to Rs 5.870. As many as 4.27 lakh shares changed hands compared with an average of 1,027 shares traded daily in the past two weeks.
KEC International: The heavy electrical equipment maker fell 3.75 percent to Rs 377. As many as 29 lakh shares changed hands compared with 1.38 lakh shares traded daily in the past two weeks.
Shares of Mumbai-based e-governance service provider fell 5 percent to Rs 233 after 19.9 million shares (1.9 percent equity) changed hands in two block deals.
Shares of the Kolkata-based state-run lender fell as much as 11 percent to Rs 25.2 after it disclosed exposure of $411.82 million through SWIFT messages from Punjab National Bank.
Shares of Gitanjali Gems were locked in 10 percent lower circuit at Rs 33.80 after its VP- compliance and company secretary and chief financial officer resigned from the company following company's involvement in Rs 11,000 crore Punjab National Bank fraud.
Shares of the Gurugram-based airline rose as much as 5.33 percent to Rs 149 after it carried 1.14 crore domestic passengers in Jan. 2018, up 20 percent versus 95.79 lakh passengers (YoY).
The airline clocked 90 percent passenger load factor in January.
Shares of the Delhi-based state-run lender fell as much as 5.89 percent to Rs 118.15, extending its decline to fourth trading session after it informed exchanges of fraudulent transactions worth Rs 11,300 crore at one of its branches in Mumbai.
Shares of the Delhi-based financial service provider rose as much as 5 percent to Rs 63.20 after it revamped its top management following founders' exit from the board of directors.
Religare appointed Ashok Mehta, an independent director, as the interim CEO, while also naming Vikram Talwar and a former central bank official, P Vijaya Bhaskar, as independent directors. Siddharth Mehta, founder of Bay Capital Partners, will be a non-executive, non-independent director, it said in an exchange filing late Saturday.
Shares of Tata Steel fell as much as much as 5 percent while Bhushan Steel surged 20 percent after Tata Steel emerged as the highest bidder for debt-ridden Bhushan Steel and Bhushan Power and Steel, two unidentified bankers told BloombergQuint.
This is the result of independent bidding processes conducted for both Bhushan Steel and Bhushan Power & Steel under the Insolvency and Bankruptcy Code. The bankers quoted above stated that Tata Steel has offered to pay up to Rs 45,000 crore for Bhushan Steel and Rs 17,000 crore for Bhushan Power.
JSW Steel Ltd., the only other bidder for both companies is said to have put up Rs 30,000 crore for Bhushan Steel and Rs 11,000 crore for Bhushan Power & Steel.
Shares of GVK Power and Infrastructure rose as much as 4.76 percent to Rs 18.70 after the Prime Minister Narendra Modi laid foundation stone for Navi Mumbai International Airport site in Panvel, nearly 21 years after it was mooted. The first phase the Rs 16,700-crore project is expected to be completed by 2019.
Buyers and seller were not immediately known
Source: Bloomberg
Nomura on Glenmark Pharmaceuticals
Motilal Oswal on MCX
Fortis Healthcare
Sintercom India
Travelers between Mumbai and Pune may soon get rid of their traffic worries.https://t.co/KRU2Vy58ay
— BloombergQuint (@BloombergQuint) February 19, 2018
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