• Announcements
  • Economy
  • Investment
  • IPOs
  • Weekly Markets
  • Products
  • Morninger
  • Eveninger
  • Industry
  • refer
  • 7824-003-757
  • Download App Get App
  • Contact
Flattrade Kosh Flattrade Kosh
Open Account
Flattrade Kosh Flattrade Kosh
Open Account
Flattrade Kosh Flattrade Kosh
Open Account
Flattrade Kosh
Open Account
Flattrade Kosh > Eveninger > Post Market Report: Dalal Street falls on selling pressure; Solar PV firms, Adani Group and IDBI Bank in news
Eveninger

Post Market Report: Dalal Street falls on selling pressure; Solar PV firms, Adani Group and IDBI Bank in news

Posted by Flattrade March 28, 2023
Share on
READ NEXT
Post Market Analysis: Dalal Street ends in green aided by banks and auto stocks; HDFC Bank, Bharat Forge and Tata Power in news

Dalal Street ended lower as investors remained cautious amid broader sell-off across sectors. The Sensex slipped 0.07% and the Nifty fell 0.20%.

In broader markets, the Nifty Midcap 100 index fell 0.35% and the BSE Smallcap index dropped 0.79%.

Top losers were Media [-1.68%], Realty [-1.21%], Auto [-0.97%], IT [-0.88%], and Metal [-0.79%]. Top gainers were Bank [0.35%], Private Bank [0.34%], and Financial Services [0.27%].

Indian rupee gained 18 paise to 82.19 against the US dollar on Tuesday.

daily update

Stock in News Today

Solar PV Module Manufacturers: The Indian Government has allocated 39,600 MW Of domestic solar PV module manufacturing capacity under PLI (Tranche-II) to 11 companies with an outlay of Rs 14,007 crore under the production-linked incentive scheme, according to a press release by Ministry of Power. JSW, Reliance, ReNew, and Tata Power Solar are among the winning bidders. The Tranche-II is expected to bring in an investment of Rs 93,041 crore. It will also generate a total of 1,01,487 jobs with 35,010 getting direct employment and 66,477 being indirectly employed, the press release said.

Adani Group: The conglomerate was seeking to renegotiate terms of outstanding loans worth $4 billion taken last year to buy cement firms ACC and Ambuja Cements, The Economic Times reported citing sources. The group is also reportedly seeking conversion of another $1 billion mezzanine loan tranche to senior secured debt. At present, this $1 billion mezzanine loan has a maturity of 24 months but the group wants to extend the repayment schedule up to five years.

IDBI Bank: The lender announced that its board has approved the appointment of Smita Harish Kuber as chief financial officer (CFO) and key managerial personnel with effect from 1 April 2023. Kuber’s appointment follows the resignation of P. Sitaram, executive director (ED) and CFO due to attaining the superannuation. Smita Kuber is a qualified chartered accountant and has more than 25 years of banking experience.

LTIMindtree: The company said that it has been selected as the strategic sourcing partner by Hellenic Bank, a leading financial institution in Cyprus. The company will enable Hellenic Bank to meet their resource capacity demands in an efficient and timely manner.

Embassy Office Parks REIT: The company has agreed to buy Embassy Business Hub for Rs 334.8 crore. Embassy REIT will acquire the rights, title and interest of sellers in Embassy Construction Private, developer of Embassy Business Hub. It will also get exclusive ownership rights to approximately 1.4 million square feet of leasable area. Embassy REIT plans to primarily fund the acquisition through debt at 8.1% interest cost per annum.

Transformers and Rectifiers (India): The company said it has received orders worth Rs 184 crore for transformers from one of the central utility. With this order, the company’s order book as on date stands at Rs 1555 crore.

G R Infraprojects: The company said that it has been emerged lowest bidder (L1) bidder for two projects in Karnataka. The project includes construction of 4/6 lane bypass for Belagavi Karnataka on HAM Mode Package1. The cost of project is Rs 897.37 crore and the construction is expected to be completed within 912 days from appointed date and the operation period is 15 years from commercial operation date.

Further, the company has also bagged order for construction of four lane in Belgaum – Hungund Raichur section of NH‐748A in Karnataka on hybrid annuity mode (Package‐5). The cost of project is Rs 716.47 crore and the project will be completed within 730 days from appointed date and the operation period is 15 years from commercial operation date.

Sterlite Technologies: The company announced that it has signed an amended and restated agreement to transfer its telecom products and software business as an asset sale to Skyvera LLC. The transaction will be effected by Skyvera LLC through its Indian subsidiary. The aggregate consideration for sale of identified assets and intellectual property is $15 million. Skyvera LLC is an affiliate of TelcoDR, which is a US-headquartered global acquirer of telecommunication software businesses that operates and transforms the telco software companies.

Carysil: The company renewed their contract with US-based Karran Inc. for supplying quartz kitchen sink worth about $68 million over the period of five years. The five-year contract is about Rs 550 crore and the contract starts from FY24.

Zydus Lifesciences: The drug maker said that it has received final approval from the USFDA for Levothyroxine Sodium injection and Doxepin Hydrochloride capsules. Levothyroxine Sodium Injection is indicated for the treatment of myxedema coma. The drug will be manufactured at the group’s injectable manufacturing facility at Jarod, near Vadodara, Gujarat.

Further, the company has also received final approval for Doxepin Hydrochloride Capsules USP from the USFDA. The said drug is recommended for the treatment of Psychoneurotic patients with depression, anxiety, and psychotic depressive disorders. The drug will be manufactured at the group’s formulation manufacturing facility in Moraiya, Ahmedabad, Gujarat.

Aditya Birla Capital: The company in an exchange filing said that it has received board approval for sale of its entire 25.65 lakh shares or 50.002% stake in Aditya Birla Insurance Brokers (ABIBL), to Edme Services, which is part of the Samara Capital Group and an affiliate of Samara Alternate Investment Fund. Infocyber India, the other shareholder of ABIBL, will also sell its 25.64 lakh shares, or 49.998% of the company, to Edme Services. The total enterprise value of the transaction is set at Rs 455 crore on a cash-free and debt-free basis, with closing adjustments subject to the terms of the share purchase agreement (SPA).

Paras Defence and Space Technologies: The company announced it has secured regulatory license for establishing an industrial undertaking to manufacture certain industrial items. The company has secured license from the Department for Promotion of Industrial & Internal Trade, Ministry of Commerce & Industry, Government of India. The license is for establishing an Industrial undertaking for manufacturing of Red Dot Reflex Sights, Electronic Fuzes comprising of electronics, sensors, mechanical parts excluding Explosive content, Rugged COTS System and Rugged Networking & Communication. The license will be valid for 15 years.

Gujarat Ambuja Exports (GAEL): The company announced commissioning of 1200 tons per day Maize processing greenfield project at Malda in West Bengal. With this, the company has a total Maize processing capacity of 4,000 tons per day.

Avanti Feeds: The company’s board has approved acquisition of 16.70 million equity shares, representing 50% of the share capital of Srivathsa Power Projects Private Limited (SPPPL) at a price of Rs 2.30 per share, according to its regulatory filing. Post this acquistion, SPPPL would become 100% subsidairy of the Avanti Feeds.

Open a Free Demat Account
Tags: BSE COMMODITIES Demat Account Earnings Economy Flattrade Forex Forex trading Market News Market Update Markets nifty nifty futures Nifty Today NSE Opening Bell options Pre Market sensex SENSEX Today Share Market Stock Market stocks Trading Account
Share on
Share on Facebook Share on Twitter Share on Pinterest Share on Email
Flattrade March 28, 2023
Previous Article Premium hotel biz to post strong growth on higher ARR and occupancy: Report
Next Article Pre Market Report: Dalal Street may open flat; Vedanta, L&T and Jindal Stainless in focus

You Might Also Enjoy

Eveninger

Indian equity indices ended in losses for the second consecuive session; Sectoral Indices ended mixed with Realty, Tourism and PSU Bank sectors hit the most; Broader indices also witnessed a loss

May 9, 2025
Eveninger

Indian equity indices ended on a weak note; All the sectors ended in red except IT and Media; Broader indices also witnessed a loss

May 8, 2025
Eveninger

Indian equity indices ended on a positive note; All the sectors ended in green except FMCG and Pharma; Broader indices also closed higher

May 7, 2025
Eveninger

Indian equity indices ended on a positive note; Most sectors ended in green, with the market led by media, energy, IT and oil&gas; Broader indices also performed weak

May 2, 2025

Fortune Capital Services Private Ltd. SEBI Registration No. INZ000201438. Member Code for NSE: 14572 BSE:6524 MCX: 16765 and ICEX: 2010. CDSL DP ID: 12080300 SEBI Registration No.IN-DP-CDSL-729-2014. Registered Office: Kochar Technology Park, 6th Floor, SP-31-A, 1st Cross Road, Ambattur Industrial Estate, Ambattur, Chennai – 600 058. For any complaints pertaining to stock broking please write to [email protected] and for DP related to [email protected] Please ensure to read the Risk Disclosure Document carefully as prescribed by SEBI.

“Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances”

“Prevent unauthorised transactions in your account, update your mobile numbers/email IDs with your Stockbroker/Depository Participant. Receive information of your transactions directly from Exchange/Depository on your mobile/ email at the end of the day. Issued in the interest of investors”. As a business we do not give stock tips and have not authorized anyone to trade on behalf of others. If you find anyone claiming to be part of FLATTRADE and offering such services, please email to [email protected]. “KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.” Dear Investor, if you are subscribing to an IPO, there is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non-allotment, the funds will remain in your bank account.


“Attention Investors 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. 2.Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. 3. Pay 20% upfront margin of the transaction value to trade in cash market segment 4. Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. Issued in the interest of Investors”

Disclaimer: ‘Investment in securities market are subject to market risks, read all the related documents carefully before investing’.

“Investment in Mutual Fund market are subject to market risk. There is no guaranteed or assured rate of return. Past Performance is not indication of future returns. Please read all related documents carefully before investing”.

“The securities quoted are exemplary and are not recommendatory”.


“Brokerage will not exceed the SEBI prescribed limit”.

Registered Office:

Fortune Capital Services Pvt Ltd
Kochar Technology Park, 6 th Floor,
1 st Cross Road, Ambattur Industrial Estate,
Ambattur, Chennai – 600058.

Company

  • Home
  • About
  • Kosh
  • IPO
  • Services
  • Pricing
  • List of Charges
  • Contact

Useful Links

  • Brokerage Calculator
  • Downloads
  • Margin Details
  • Fund Transfer
  • Knowledge Center
  • Refer & Earn
  • Investor Charter

Quick Contact

Support Number:
044-61329696 / 044-35019696

Support Email: [email protected]

Join our Telegram Channel for trading related activities and information.