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Key equity indices up,Sensex, Nifty trade higher

Key equity indices up, Sensex, Nifty trade higher

The Council—a constitutional body for making recommendations to the Centre and states on issues related to Goods and Service Tax (GST)—will take crucial policy-related decisions in a meeting that will be held via video conference.

Over 65 stocks including Avadh Sugar & Energy, Bhushan Steel, Bombay Rayon Fashions and Centrum Capital hit fresh 52-week lows on NSE during Friday's trade, remaining immune to the prevailing positive sentiment in broader markets. 

Parag Milk Foods' board meeting is scheduled to be held on May 09, 2018, to consider audited standalone and consolidated financial results for the quarter and year ended March 31, 2018 and recommend final dividend.

Shares of Essel Propack gained nearly 9 percent intraday Friday as company recommended bonus issue.

The company at its meeting held on April 26 has recommended bonus issue of equity shares in the ratio of 1 equity share for every 1 held by the shareholders of the company as on the record date/date fixed for this purpose, subject to the approval of the Members.

The Lodha Group is said to be looking to raise more than Rs 5,000 crore through an Initial Public Offering (IPO).

An Economic Times report stated that Rs 3,750 crore will be raised through issuance of fresh shares, while the balance will come in through offer for sale.

Buying was observed across sectors, but IT stocks were feeling the heat of selling. 

Bank, auto, capital goods, energy and realty stocks were leading the pack of gainers. 

The NSE Nifty index was trading 72 points up at 10,689, while the BSE Sensex was up 260 points at 34,973 around 11:10 am (IST). 


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