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The 30-share BSE Sensex was trading 363.46 points or 0.75 per cent lower at 48,418.90.
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Titan was the top loser in the Sensex pack, shedding around 3 per cent, followed by SBI, ONGC, Reliance Industries, Axis Bank, HDFC Bank, ICICI Bank, HDFC and Bajaj Finance.
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On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 369.13 points or 0.74 per cent lower at 49,396.81.
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HDFC Bank was the top loser in the Sensex pack, shedding around 3 per cent, followed by HDFC, ICICI Bank, Bajaj Finserv, Titan, Kotak Bank and SBI.
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IndusInd Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Axis Bank, Bajaj Finance, Bajaj Finserv, ONGC, Kotak Bank and Reliance Industries.
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Market experts said the trading started the new financial year on a robust note led by optimism in global markets
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The small finance bank has over 20 institutional investors with a mix of institutional investors, development funds, and private equity investors.
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Foreign Portfolio Investors (FPIs) had made a net investment of Rs 2,332 crore on February 24, 2021.
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A day earlier, the BSE S&P Sensex closed 254 points or 0.5 per cent higher at 51,280 while the Nifty 50 ticked up by 76 points or 0.51 per cent to 15,175.
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Further, the trading window for insiders of the company shall remain closed from the opening of business hours in stock exchanges on March 16, 2021 to closing of business hours on March 23, 2021, the filing said.
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Stocks of SBI Card were trading at Rs 1,068.15 apiece on BSE, up 0.93 per cent from its previous close.
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The Warburg Pincus arm would pick up 0.49 per cent stake in the Adani Group entity with the investment.
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BPCL said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.25 per cent to 90.35.
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After resumption of trade at 3.45 pm, NSE Nifty zoomed 274.20 points or 1.86 per cent to end at 14,982.
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It said NCDs will be listed on the National Stock Exchange (NSE).
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.07 per cent to 90.10 amid improved risk appetite in the markets.
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The company will announce the effective date of relieving of CFO, G R Arun Kumar and details of the successor in due course, Vedanta Ltd said in a filing to BSE
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Around 1.10 pm, HDFC's shares were at Rs 2,798, higher by Rs 39.35 or 1.43 per cent from its previous close.
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Shares of Bata India were trading 4.18 per cent lower at Rs 1,503.95 apiece on BSE.