Markets are trading in negative territory wherein Nifty is eyeing the crucial level of 10,100. Broader market indices are also trading in negative territory. BSE Realty is the top losing index in the morning session on Tuesday. It is down by 1.40% at 2173.33. Indiabulls Real Estate is contributing majorly to the index losses and pushing it to lower levels. Indiabulls Real Estate is trading down 2.59% at Rs 259.00 per share on BSE. On the contrary, The Phoenix Mills is up 2.07% at Rs 508 per share.
Uniply / Green Ply / Century Ply
GL can be reduced on plywood and ply board. GST can be reduced from 28% to 18% on ply wood and ply board. Decision is taken in GST Council meeting on 9th September.
Bharti Airtel will sell 3.7 percent in Bharti Infratel for Rs 2600 crore. Bharti Airtel will sell the stake in Bharti Infratel at a price of Rs 378-397.85 per share.
Dr. Laal Path Labs
Dr Red Path Labs, DLPL (Bangladesh) will buy a 70 percent stake and the deal will be completed in the next 6 months.
Bajaj Hindustan / Balrampur Sugar
The government can start importing sugar for festivals. Government plans to import 3-5 lakh tonnes of imported sugar with 25 percent import duty. Ideas are possible at the Cabinet meeting on the issue of 25 per cent import duty.
Giant Investor Porigu Veliath has bought 4.4 per cent stake in GPT Infra. The block deal has been made at a price of Rs 125.7 per share.