The BSE Sensex and NSE Nifty extended losses for third day on Friday tracking a global sell-off on disappointment over the European Central Bank’s (ECB) stimulus measures. Sensex plummeted 248.51 points to end at 25,638.11, whereas Nifty dipped below 7,800-mark by falling 82.25 pts to 7,781.90.
Below are the stocks that made news today:
Zee Learn and Tree House: Share price gained as much as 10 per cent in the morning trade after the Essel Group’s education arm, informed BSE that its Board has accorded in-principle approval for exploring consolidation options with pre-school chain Tree House Education and Accessories. The scrip of Zee Learn Ltd closed 3.29 per cent up at Rs 43.95. Tree House share price surged 9.98 per cent to Rs 222.60 and hit upper circuit on Friday.
Sun Pharmaceutical: Shares of the company were closed 4.02 per cent up at Rs 756.10 after it said that one of its subsidiaries has received final approval from US FDA for its Abbreviated New Drug Application (ANDA) for generic version of Gleevec, which is used in treatment of chronic myeloid leukemia.
Dena Bank: Share price of the company surged ended 1.73 per cent up at Rs 44.20 after public sector lender got board approval for dilution of government holding to up to 52 per cent and raise capital up to Rs 2,500 crore from various bonds.
Mastek Ltd: Shares of the IT solutions company ended 4.30 per cent down at Rs 189 after it said that it will make no further investments towards development of ‘Veyo’, a platform built to help in conveyancing process.
Dabur Ltd: Share price of the company closed 2.05 per cent down at Rs 272.25 after the FMCG major on Thursday informed BSE that its juice sales are likely to dip 10-15 per cent in October-November due to disruption of supplies from its plant in Nepal.
Reliance Communications: Shares of the Anil Ambani-led group closed 3.11 per cent down at Rs 81.05 after it signed a pact to sell its tower and optic fibre assets in India to private equity firms TPG and Tillman Global in a deal estimated at about Rs 30,000 crore.
