The S&P BSE Sensex is trading at 31,555 down 240 points, while Nifty is trading at 9844 down 60 points. A total of 15 stocks registered a fresh 52-week high in trade today, while 25 stocks touched a new 52-week low on the NSE.
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SREI Infrastructure Finance Ltd is considering an Initial Public Offering (IPO) for its equipment finance unit to a maximum of 25% stake paid up capital. SREI Infrastructure Finance expects that after its public offer (IPO) there will be no need for additional funds for next 3-4 years. It expects to raise Rs 1,800 – 2,000 Cr, through the offer.
The Sensex and Nifty were trading higher in early trade Monday, on positive global cues. the BSE Sensex, was up 239.30 points or 0.77% at 31,452.89, while the Nifty50 index was up 76.75 points or 0.79% at 9,787.55. Suzlon Energy (up 9.80), Navkar Corpn (up 7.44) and DLF were (6.72%) the Group-A gainers at this time, among others.
Equity benchmarks erased opening gains, with the Nifty testing 10,000 level due to selling pressure in banking & financials and oil stocks. The 30-share BSE Sensex was down 143.89 points at 32,129.78 and the 50-share NSE Nifty fell 43.05 points to 10,014.35. About two shares declined for every share rising on the BSE.