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Business News: Remedium Lifecare has informed exchange in a filing that its board is slated to meet on May 10 to consider and approve the financial result for the fourth quarter and financial year 2023-24. The company will also consider a proposal to issue bonus shares to the existing shareholders.
Meanwhile, the shares of Remedium Lifecare ended the session at Rs 100.20, down by 1.23 per cent from the previous close of Rs 101.45 on the BSE. Equity benchmark Sensex plummeted over 700 points to sink below the 74,000 level and Nifty retreated from a record high on Friday as investors pared exposure to telecom, capital goods and tech stocks.
Heavy selling pressure in Reliance Industries, L&T and HDFC bank counters also pulled indices down, traders said. The 30-share BSE Sensex dropped 732.96 points or 0.98 per cent to settle at 73,878.15 after soaring 484.07 points earlier in the day. From its intra-day high of 75,095.18, the benchmark tanked 1,627.45 points to the day’s low of 73,467.73.
The NSE Nifty also declined 172.35 points or 0.76 per cent to 22,475.85. The benchmark hit a record 22,794.70 in the early trade, up 146.5 points or 0.64 per cent. From the Sensex basket, Larsen & Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards.
Bajaj Finance climbed nearly 1 per cent higher. The Reserve Bank of India (RBI) has lifted restrictions on Bajaj Finance on sanctioning and disbursal of loans through eCOM and Insta EMI Card, the company said in a regulatory filing on Thursday.
In November last year, the central bank directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products — eCOM and Insta EMI Card — due to the company’s non-adherence to the extant provisions of digital lending guidelines.Bajaj Finserv, Mahindra & Mahindra, State Bank of India, ICICI Bank and Infosys were among the other gainers.
European markets were trading in the green. Wall Street ended with gains on Thursday. Global oil benchmark Brent crude declined 0.06 per cent to USD 83.62 a barrel. On Thursday, the BSE benchmark climbed 128.33 points or 0.17 per cent to settle at 74,611.11. The NSE Nifty went up by 43.35 points or 0.19 per cent to 22,648.20.
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