Mon, Feb 19, 2024 11:54 AM
HFT Scan: Algo traders active in Confidence Petroleum, Dish TV counters
A Flip by Shubhangi Gupta
📊 Amid positive global cues, benchmark indices started on a positive note today. 📢 At 9:16 AM, the Sensex gained 398.67 points or 0.53% at 75,009.78. Nifty is higher by 128.10 points or 0.57% at 22,776.30. 📈 Bajaj Finance(⬆️5.61%), Bajaj Finserv(⬆️2.74%) and GMR Airports(⬆️1.25%) appeared as the top performers on the Nifty50 at the open. Apollo Tyres and Adani Enterprise stocks are in focus.
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A recent order by the Supreme Court is likely to pave the way for construction to begin on Unitech’s long-stalled projects involving around 6,000 homebuyers in the city. But buyers — who have been waiting for more than a decade for their homes — have raised apprehension, seeking to know where the developer will get funds to start construction.
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Suzlon Energy Ltd.'s board has approved the scheme of amalgamation involving the merger of Suzlon Global Services, a wholly-owned subsidiary with itself. The company also plans to transfer its project business on a slump sale basis to one or more wholly-owned subsidiaries of the company. Suzlon will also undertake a capital reorganisation exercise through the Scheme of Arrangement.
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