What is the status of the Indian stock market, Indian stock indices opened higher on the third trading day of the week yesterday, as foreign investors bought stocks after 23 trading days.
RBI meeting issues precautionary measures
However, investors remained cautious amid concerns over the trade war and the Reserve Bank of India’s monetary policy meeting.
Foreign Investment, Foreign investors sold shares worth Rs 1,683 crore yesterday.
Crude Oil, Global crude oil prices fell 0.84 percent to $75.56 per barrel yesterday.
Rupee Value, The Indian rupee fell 36 paise against the US dollar to a record low of Rs 87.43.
Why are ITC Hotels removed from Sensex
ITC Hotels shares were temporarily removed from 22 indices of the Bombay Stock Exchange, including the Sensex, yesterday. ITC Hotels shares did not reach the minimum price within the specified period. Therefore, ITC management has suspended its trading in all BSE indices. Due to this, shares worth Rs 400 crore were sold.
GST Notice to Jammu and Kashmir Bank
The Directorate of GST Investigation has issued a notice to Jammu and Kashmir Bank, a private bank headquartered in Srinagar, asking it to pay a total of Rs 16,322 crore in GST, including Rs 8,161 crore in transactions and a penalty of the same amount of Rs 8,161 crore. It is noteworthy that the GST dues of the bank are 1.5 times more than its value, while the total market value of the bank is Rs 11,210 crore.
Ajax share price Rs.629
Ajax Engineering, which is going to issue new shares, has set the price of one share at Rs.629. The Bangalore-headquartered company, which is engaged in the manufacture of concrete mixing machines, is going to raise an investment of Rs.1,269 crore through the IPO.
2.01 crore shares held by investors will be sold. It has been informed that investors can apply for shares from February 10-12.
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