Hindustan Construction Company (HCC) hit an upper circuit of 20%

The Markets Today in a nutshell

• Domestic benchmark indices extended losses for fifth day.
• Global markets are in a tailspin as bears are tightening their grip over the bulls. With growing concerns of a recession, the meteoric rise of the US Dollar Index and a surge in bond yields are sucking liquidity from equity markets.

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?Muthoot Finance rallied more than 6 percent
The firm signed an MoU with UAE-based Lulu International Exchange to work as its collection partner. Through this partnership, Muthoot Finance aims to drive convenience and ease of money transfer for over 4 lakh NRIs in the UAE region whose relatives have availed gold loans back home, the company said in its release.

?Hindustan Construction Company (HCC) hit an upper circuit of 20%    
The company completed its debt resolution plan supported by 23 banks and financial institutions. The resolution plan has carved out a significant portion of HCC’s debt along with commensurate assets from its balance sheet.
 
?Dish Tv stock price fell over 6 percent
the company said in a notice to exchanges that its shareholders had rejected four of six resolutions at an annual general meeting on Monday. The firm said its AGM adjourned without assigning a day for a further meeting and the board strength is now down to two members.

News from the IPO world?

• Government owned WAPCOS files draft papers for public issue
• Gold Plus Glass Industry gets SEBI nod to float IPOs
• Uniparts India gets SEBI nod to float IPOs

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