Indiabulls Ventures Limited on Friday informed the exchanges on Friday that the board of directors have approved the buyback of Rs. 1000 crores of up to 6,66,66,666 fully paid-up equity shares.

Muthoot Finance Ltd has been assigned Long Term rating of ‘BB+’ with ‘Stable’ outlook by Fitch Ratings. S&P Global Ratings has assigned a Long Term rating of ‘BB’ with ‘Stable’ outlook. Moody’s Investor Service has assigned ‘Ba2’ Corporate Family Rating with ‘Stable’ outlook. The stock jumped nearly 2 per cent intraday in BSE.

Arvind Homes, which is a wholly owned subsidiary of Arvind SmartSpaces, has entered into a Platform Funding agreement of Rs. 250 crore with HDFC Capital Advisors Private Limited.

The decline in crude steel output is negative for the company. Owing to prolonged slowdown in the steel sector, it received a rating downgrade from CARE to negative from stable.

Tech Mahindra Limited has been picked up by our Bollinger Band Squeeze scanner which suggests that the stock is near a consolidation breakout.

Following stocks are close to their 52-weeks low as at 12:51 p.m. on October 11, 2019.

The IATA data showed that the country’s domestic air passenger market clocked an 8.9 percent growth in July 2019 when compared to the same month last year. 

Biocon’s wholly owned subsidiary, Biocon Biologics and Evotec’s wholly owned subsidiary, Just - Evotec Biologics have entered into a strategic licensing agreement for an early-stage, pre-clinical bio-similar asset. The shares of Biocon gained nearly 2 per cent intraday on Friday.

The markets on October 11, 2019 opened gap up. BSE Sensex is trading at 37,961.50, up by 81.10 points and the Nifty is closed at 11,251.85, up by 17.30 points.

On Thursday, SMS Lifesciences informed the bourses that it has done preliminary analysis of its Ranitidine product and processes and found that the NDMA impurity is in trace levels, in many cases lower than the levels found in commonly consumed food, milk, meat etc.