Stock Market Today: Holi caused the equities markets to close on Monday. Three days from now, trading will restart on the markets. It is anticipated that the GIFT Nifty on the NSE IX will start off well today. The NSE Nifty was up 85 points, or 0.39%, to 22,097, while the BSE benchmark Sensex gained 191 points, or 0.26%, to close at 72,832. US equities fell on Monday as traders bet against inflation data at the beginning of a week truncated by holidays. The blue-chip Dow had the biggest percentage drop at the close of the day, while all three of the main US stock indices finished the day lower. Due to profit-taking and pressure from a somewhat higher yen, the dollar was weaker on Tuesday.
Stock Market Today: Stocks in focus
Adani Ports
The business revealed on Tuesday that it intended to pay Rs 13.49 billion ($161.74 million) in equity to acquire a 95% share in Odisha’s Gopalpur Port. Adani Ports will purchase a 39% share from Orissa Stevedores and a 56% stake from the massive Shapoorji Pallonji Group, which is in the real estate business. An estimated Rs 30.80 billion represents the transaction’s overall enterprise value.
Tech Mahindra
The IT services and consultancy company, Tech Mahindra (Americas) Inc., has announced plans to merge Born Group, a wholly-owned subsidiary, with the company. Both parties gave their approval to this merger on Friday, March 22, 2024. The Pune-based business revealed in a regulatory statement that both Tech Mahindra (Americas) Inc., a wholly-owned material subsidiary, and Born Group, Inc., a wholly-owned subsidiary, had accepted the merger plan. This consolidation aims to reduce operational expenses, minimise business activities, and minimise compliance concerns.
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