Bajaj Finance share price up as foreign brokerage raises target

The Markets Today in a nutshell

• Domestic benchmark indices ended on a positive note.
• Markets ended in green despite weak global cues ahead of Federal Open Market Committee Meeting schedule this week. Foreign investors showed buying interest on Monday. Except for metals and realty all sectoral indices on Nifty made a comeback today.

Day Leader Board

Capital Flows

News you could use

?NCLT approves merger of Exide Life and HDFC Life
HDFC Life Insurance stock price jumped as NCLT approves the scheme of amalgamation. HDFC Life had initially announced acquisition of 100 percent stake in Exide Life from its parent Exide Industries a year ago.

?Indus Towers declines on key personnel resignation
Indus Towers declined as the managing director and CEO of the company resigned as a board of director. CFO and COO of the company will take over till the time vacancy is filled.
 
?Bajaj Finance share price up as foreign brokerage raises target
Bajaj Finance rose by 3.1 percent as Jefferies kept a ‘Hold’ rating and raised the target price. Bajaj Finance can be the first NBFC to issue a credit card if RBI approves. This will further help penetrate deeper markets.

News from the IPO world?

• Softbank backed OYO seeks to resurrect IPO after growth resumes.
• Volkswagen seeks to raise $9.4 bn in Porche IPO.
• Inox Green Energy plans to launch Rs. 740 crore IPO in next 30-45 days.

Numbers? that matter