Domestic equity benchmarks ended the session near the day’s high on Wednesday, December 16, 2020, mirroring positive global shares. The S&P BSE Sensex jumped 403.29 points or 0.87% at 46,666.46. The Nifty 50 index advanced 114.85 points or 0.85% at 13,682.70. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, December 17, 2020. List of such five stocks:
Induslnd Bank: The Securities and Exchange Board of India (Sebi) has granted Hindujas more than a month, till February 04, 2021, to bring in the balance amount of Rs 2,021.45 crore to subscribe to warrants of IndusInd Bank. The previous date for conversion was January 5, 2021.
IDFC: Reverse merger of IDFC Limited and IDFC First Bank is possible, Zee Business sources. Shareholders of IDFC Limited will get 1.4 shares of IDFC First Bank. For the purpose, the company is waiting for RBI guidelines on NBFC.
GIPCL: The company will raise huge capital for setting a 2375 MW Renewable Energy Park in Kutch, Zee Business sources. The company has bought a land parcel for setting-up the renewable energy park, which will be completed 50% in the next three years and will be completed in five years.
Jubilant FoodWorks Limited (JFL): Jubilant FoodWorks on Wednesday announced the launch of a new restaurant chain selling biryani under the Ekdum! brand, capitalizing on the popularity of the rice-based dish among Indian diners. Ekdum! is starting with three restaurants in Gurgaon that will be operational for delivery, takeaway and dine-in.
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Concor/Logistics stocks in Focus: Indian Railways removed haulage charges on empty containers and empty flat wagons till December 31, 2020. The decision was taken due to a shortage of containers.