The board of directors of Eris Lifesciences approved the buyback of the fully paid 17,39,130 equity shares of Re. 1 each. The buyback was initiated at a price of Rs. 575 per share, thereby resulting in a maximum consideration amount not exceeding Rs. 100 crore.

Friday morning has nothing positive to offer for the markets given the subdued and muted global sentiments. At the time of writing, the SGX Nifty was trading just below the dotted line down by 5 points at 11,974 level.

NCLAT on Thursday approved ArcelorMittal’s bid of Rs. 42,000 crore for Essar Steel India and also ruled that the resolution professional (RP) and not the CoC has to decide on the distribution of amount between financial creditors and operational creditors.

The stocks to watch out for July 5 include IndiaMart, McLeod Russel, Kolte-Patil Developers, Gravita India, Quess and Thomas Cook.

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Following stocks are close to their 52-weeks low as at 2:28 p.m. on July 04, 2019.

Zee Entertainment Enterprises Ltd, (ZEEL) which is recently in news for concerns over promoter share pledges, is in advanced talks with James Murdoch family office, LupaSystems, Blackstone and Atairos for a possible structured deal.

The markets on July 04, 2019 opened flat. BSE Sensex is trading at 39,879.63, up by 40.38 points and the Nifty is trading at 11,939.25, up by 22.50 points. 

Chandigarh-headquartered company Steel Strips Wheels Limited (SSWL) reported total sales decline of 10 per cent for the month of June on a year-over-year (YoY) basis.

PPFAS Mutual Fund, has launched Parag Parikh Tax Saver Fund, an open-ended equity linked saving scheme. Read on to find out whether you should subscribe or not.