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Friday, December 9, 2022

Share Market LIVE: Infosys and Reliance are leading losses as the Sensex plunges 600 points and the Nifty drops below 18450.

 Share Market News Today | Sensex, Nifty, Share Prices LIVE: On the strength of the international markets, benchmark indices opened with modest gains. The NSE Nifty50 increased by 40 points, and the BSE Sensex increased by 100 points to 62,690.

Global cues were strong as Asian stocks advanced after US shares posted their first gain this month, with traders focused on inflation figures in China and the US.

Indian benchmarks were trading erratically today, according to share market news. Both the BSE Sensex and NSE Nifty 50 fell into the red after beginning slightly in the green. The Sensex was down 200 points at roughly 62,360, and the Nifty was trading below 18,600. The BSE MidCap and SmallCap indices were trading flat on the larger exchanges. The Nifty PSB index built increased 1.5% sectorally. Other top gainers included the metal, FMCG, and auto sectors, while the IT index only experienced losses, falling 0.5%. Paytm shares rose 5% among stocks after the business said that its board will meet on Tuesday, December 13, to discuss a share buyback plan.

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Ittira Davis' re-appointment as MD and CEO of Ujjivan SFB has been approved by RBI.

The Reserve Bank of India has given Ujjivan Small Finance Bank permission to re-appoint Ittira Davis as its managing director and chief executive officer for a period of two years beginning January 14, 2023. Ujjivan SFB asked the regulator for permission to extend his position until January 2025. Davis and Ujjivan have been connected since March 2015.

Axis Bank issues 10-year Basel-III bonds for a total of Rs 12,000 crore.

On December 9, Axis Bank raised Rs 12,000 crore through Basel-III Tier-2 notes with a 10-year maturity and a 7.88 percent coupon. The bank will use all of the issue's proceeds to fund demand for financing as well as its regular business operations. The wholesale debt market (WDM) of the National Stock Exchange of India Limited (NSE) and the BSE Limited (BSE), which will serve as the designated stock exchanges, is where the bonds will be listed. On the BSE, Axis Bank was trading at Rs 933.25, down Rs 6.20 or 0.66%, after reaching a 52-week high of Rs 945.45.

Shares of Bajaj Consumer board climb 3% after repurchase plan approval; see price and size details

The request to repurchase shares worth Rs 81 crore through the open market was accepted by the Bajaj Consumer Care board on Friday. The maximum number of shares that may be purchased under the buyback plan is 33 lakh, the company said in an exchange filing. "The board has approved the buyback of fully paid up equity shares having a face value of Re 1 each of the company at a price not exceeding Rs 240 per equity share for an aggregate amount not exceeding Rs 80.89 crore." Following news of the share purchase, Bajaj Consumer shares increased by more than 3% to Rs 184 per share in afternoon deals on the BSE.


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