Indian stocks began the week with a positive note on Monday. At 11:25 am, the S&P BSE Sensex benchmark stood at 40,553.09, 108 points, or 0.27%, while the Nifty 50 rose 38.80 points, or 0.33%, to 11,960.30.Dish TV, SBI, Bharti Airtel, Maruti Suzuki, IRB Infrastructure and Punjab and Sind Bank were among the key actions in today’s news. Read on to learn more:
Dish TV: Shares of Dish TV India Ltd rose more than 12% after CARE revised its rating of the company’s banking facilities to CARE D of CARE A4 +.
OSE: Shares of the State Bank of India (SBI) rose 1% after its subsidiary Nepal SBI Bank posted a net gain of Rs 229.25 crore for 2018-19, registering a growth of 13.29%.
Maruti Suzuki: Maruti Suzuki India Ltd shares rose 3.2% after the company increased its production in November by 4.33%.
Bharti Airtel: Shares of Bharti Airtel Ltd rose 1.5% after its parent company, Bharti Telecom Ltd, requested government approval for an investment of Rs 4.9 billion from Singtel and other foreign entities based in Singapore.
IRB Infrastructure: The Infrastructure Developers of IRB Ltdshares gained 2.9% after the board approved the increase of Rs 1.4 billion rupees through non-convertible bonds (ENT).
Punjab and Sind Bank: Punjab and Sind Bankshares increased 7.8% after the lender approved raising the capital to Rs 500 million through qualified institutional placement (QIP).
Bank axis: Axis BankLtd shares rose 1% after Jairam Sridharan, executive and financial director of the lender’s group, resigned to seek other career opportunities.
Bank of India: Bank of India shares advanced 1.4% after the lender approved the issuance of 125 crore of fresh capital shares through qualified institutional placement (QIP).
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