Stocks of Oil and Gas (O&G) companies were trading in green during the Monday’s trading session after Liquefied natural gas (LNG) pricing formula negotiation from Australia’s Gorgon project.
Gail (India) Ltd was the top gainer in O&G index, trading up by 4.10 percent at Rs 395 per share. GAIL stock was contributing mostly to the index gaining, BY registering a spurt in volume by more than 1.07 times today. Further, Reliance Industries, Petronet LNG, Hindustan Petroleum Corporation (HPC) and BPCL were contributing more than 20 points.
Bajaj Finance Ltd has launched a Rs. 4,500 crore QIP fundraising, at the floor price of Rs.1,777.9 per share to set a new record this year.
Qualified Institutional Placement (QIP) is a fund raising tool by which listed firms can sell equity shares, fully & partly convertible debentures that are convertible into stocks to a qualified institutional buyer. The company has set a floor price of Rs 1,777.9 per share for the share sale and is offering a discount of up to 5 percent on the floor price.
The S&P BSE Sensex is trading at 31,332 up 73 points, while Nifty is trading at 9,779 up 25 points. A total of 12 stocks registered a fresh 52-week high in trade today, while 41 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading down 0.17% at 14,961, whereas BSE Small-cap Index is trading down by 0.41% at 15,404.
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