Sensex, Nifty hit fresh intraday low in morning trade on Monday. The Sensex is trading at 33,681 down by 4.56 points whereas Nifty edged down 9,45 points at 10,423 at 10.40 am today.
Stock News: The shares of Reliance Nippon AMC will be listed on the NSE today. The offer had opened for subscription from Oct 25 to 27 in a price band of Rs 247-Rs 252.
Union Bank has reported loss of Rs 1530.72 cr for the Q2FY18, due to its rise in bad loans. It had earlier posted a profit of Rs. 176.67 cr in the July – September of previous fiscal.
Stocks of PNB in under watch as CLSA has maintained `buy’ rating on PNB and raised the target price to Rs 250 from Rs 180.
The Real Estate major DLF Ltds’ stock will be watched out as the CCI has approved Singapore’s sovereign wealth fund GIC’s proposal to acquire a stake in a rental arm of the company for 1.39 billion dollar.
ITC Limited has said that the company intends to invest Rs 10,000 cr to set up food processing facilities across the country and its looking to have around 20 such units pan India.
Hindalco Industries is looking to set up new factories in the US and China to cater to growing auto demand through overseas subsidiary Novelis.