Indian stock markets were trading with small gains on Thursday ahead of the derivatives expiry later in the day. At 10:39 am, the S&P BSE Sensex was up 50 points, or 0.12%, to 41,070.55, while the Nifty 50 rose 18.40 points, or 0.15%, to 12,119.10. SBI, Tata Motors, Bharti Airtel, RBL Bank, Jet Airways and Lemon Tree Hotels were among the key stocks in news today. Read on to know more:
SBI: The State Bank of India (SBI) shares gained 1.4% after its credit card subsidiary SBI Cards and Payment Services Ltd filed the draft red herring prospectus with Sebi for an initial public offering (IPO).
Tata Motors: Tata Motors Ltd shares fell 1.4% after a media report said that the company is working on a voluntary retirement scheme (VRS).
Bharti Airtel, Vodafone Idea: Shares of Bharti Airtel Ltd jumped 2.4%, while those of Vodafone Idea Ltd were up over 10% even as reports emerged that telecom regulator Trai is unlikely to make an immediate intervention on tariff issues, including fixation of any floor price, as of now.
RBL Bank: RBL Bank Ltd shares climbed 3.9% as the bank’s board announced meeting on 30 November to consider fund raising via issue of equity shares on a preferential basis.
Jet Airways: Jet Airways India Ltd shares advanced over 4% as the committee of creditors passed to file an application for the extension of the corporate insolvency resolution process by another 90 days.
Lemon Tree Hotels: Lemon Tree Hotels Ltd shares rose 2% after RJ Corp sold 11 million shares or approximately 1.4% stake of the company in an open market transaction.
BSE: BSE Ltd shares inched up 1.7% after the board approved selling 4% stake in Central Depository Services Ltd (CDSL) via offer for sale.
Videocon: Videocon Industries Ltd shares jumped 2.8% even as the company reported a loss of Rs 6,760.75 crore for FY19 against a loss of Rs 5,264.04 crore in the year-ago period.
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