Indian stocks were trading in the negative zone on Friday ahead of the release of the gross domestic product (GDP) data for the September quarter. At 10:37 am, the S&P BSE Sensex was down 259.19 points, or 0.63%, to 40,871, while the Nifty 50 index fell 71.35 points, or 0.59%, to 12,079.80. Yes Bank, Indiabulls Housing Finance, Bharti Airtel and HDFC Bank were among the key stocks in news today. Read on to know more:
Yes Bank: Yes Bank Ltd shares advanced over 5.6% ahead of the lender’s board meeting today where it will consider and approve raising funds by issue of equity or equity-linked securities.
Indiabulls Housing Finance: Indiabulls Housing Finance Ltd shares surged 12.5% after the government affidavit filed in the Delhi high court provided a clear picture about allegations.
Bharti Airtel: Bharti Airtel Ltd shares jumped 2.7% after the company submitted conditional bids of around Rs 9,500 crore for assets of debt-ridden Reliance Communications.
HDFC Bank: HDFC Bank Ltd shares inched down 0.7% after the lender formed a 6-member committee to find a successor to managing director Aditya Puri.
Ashoka Buildcon: Ashoka Buildcon Ltd shares soared 4% after the company received a letter of award for the development of the Bundelkhand Expressway Project.
CG Power: CG Power and Industrial Solutions Ltd shares gained 2.6% after the company cancelled royalty pact worth Rs 411.2 crore with Avantha Holdings.
PC Jeweller: PC Jeweller Ltd shares jumped 5.8% even as ratings agency CARE cut company’s FD rating to ‘B’ with stable outlook.
Aurobindo Pharma: Aurobindo Pharma Ltd shares jumped 2.7% after the US unit entered in pact with Profectus BioSciences to buy certain business assets for $11.29 million.