Market News: Sigachi Industries Issues Warrant Updates | View the most important details here
Foreign institutional investors (FIIs) offloaded shares worth Rs 81.87 crore on Saturday, according to stock market data.
Share market news: Small pharmaceutical company Sigachi Industries has informed stock exchanges that its board of directors will meet on March 6, 2024 to approve the allotment of shares of Re 1 each upon conversion of warrants.
“Sigachi Industries Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/03/2024, inter alia, to 1. Allotment of shares of Re.1/- each for conversion of warrants 2. Each other item with the approval of the Chairman,” the company said in an exchange filing.
Shares of Sigachi Industries are up 58 percent this year and are up 125 percent in the past six months alone.
Meanwhile, equity benchmark indices rose in early trade on Monday with the Nifty hitting its new all-time high amid a rally in global markets.
Upbeat sentiment among investors following impressive GDP data has fueled the stock market rally.
The 30-share BSE Sensex rose 177.73 points to 73,983.88 in early trade. The Nifty touched an all-time high of 22,440.90.
Among Sensex companies, NTPC, Power Grid, Bharti Airtel, IndusInd Bank and Maruti were the biggest gainers. JSW Steel, Tata Steel, Titan and Mahindra & Mahindra were among the laggards. In Asian markets, Seoul, Tokyo and Shanghai traded in the green, while Hong Kong was lower. The American stock markets closed with a profit on Friday.
In a special trading session on Saturday, the BSE benchmark Sensex climbed 60.80 points or 0.08 percent to hit an all-time high of 73,806.15. The Nifty rose 39.65 points or 0.18 percent to hit a new closing high of 22,378.40.
Leading stock exchanges BSE and NSE on Saturday held a special trading session in equity and equity derivatives segments to check their readiness to handle major disruptions or failures in the primary venue.
The global oil benchmark for Brent crude rose 0.11 percent to USD 83.64 per barrel. Foreign institutional investors (FIIs) offloaded shares worth Rs 81.87 crore on Saturday, according to stock market data.
Disclaimer: This article is for informational purposes only and is not investment advice