WEEKLY CLOSING BELL ALERT!
As another week comes to an end, VittNivesh – The Investment Club of NIBM presents to you the happenings of this week in a nutshell!
With the recent rise in COVID-19 cases, market barometers dropped in the week. Weak cues from global markets also added sentiments.
In an important development, SEBI’s board approved to expand the scope of the business responsibility report to include business responsibility and sustainability. Finance Minister Nirmala Sitharaman on Wednesday said there is no risk of India’s sovereign rating being downgraded as a result of higher deficits. By the end of the week, Nazara Technologies has finalised the share allotment. Their shares were seen quoting a strong grey market premium of Rs 690.