The stock fell near 2400 mark as the sell off trigerred in the last half hour of trade. Earliar the stock had made an intra day high of 2749 and then after the release of the news of demerger the stock saw some sell off which took it down to near 2400 levels, however it closed at Rs. 2503.90 down about 6.6 percent.
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As per the latest reports two new companies will be incorporated and after demerger there will be three companies in all. The two new companies will be Bajaj Holdings Ltd and Bajaj Finserve Ltd. The shareholders of Bajaj Auto Ltd. will get shares of Bajaj Holdings and Bajaj Finserve in the ratio of 1:1. The face value of the shares of Bajaj Finserve will be Rs. 5 and the face value of the shares of Bajaj Holdings will be Rs. 10.
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GLOBAL MARKETS
US Markets
The US markets closed in the green on Wednesday with Nasdaq up near 1 percent.
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GLOBAL MARKETS
US Markets
The US markets closed mixed on Tuesday.
Dow Jones closed at 13383.84 up 37.06 points or 0.28 percent
Nasdaq Composite closed at 2525.29 down 21.15 points or 0.83 percent.
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GLOBAL MARKETS
US Markets
The US markets closed flat with a negative bias on Monday.
Dow Jones closed at 13346.78 up 20.56 points or 0.15 percent
Nasdaq Composite closed at 2546.44 down 15.78 points or 0.62 percent.
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GLOBAL MARKETS
US Markets
The consolidation phase of US markets changed and the Markets rallied on Friday with Nasdaq up more than 1 percent.
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Both NIFTY and SENSEX (at 12.00 p.m.) have recovered all the lossess of the morning and are now almost flat. The advance decline ratio has also improved to almost 1:1. Currently NIFTY is hovering around 4060.
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Markets have opened gap down as expected and NIFTY fell below 4000 momentarily in the morning, however now at 10.10 a.m markets have recovered from the lows of the morning and NIFTY is around 4027 trying to keep its head above the crucial 4025 level. The market bredth is extremely negative with very fewer stocks in the green. Almost all sensex stocks had opened in the red.
Teledata Informatics is locked in the upper circuit at 67.35 and Page Industries is continuing its rally and is up about 4 percent at 440.
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GLOBAL MARKETS
US Markets
The US Markets closed negative with Dow down about 1 percent.
Dow Jones closed at 13215.13 down 147.74 points or 1.11 percent
Nasdaq Composite closed at 2533.74 down 42.60 points or 1.65 percent.
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Markets after a gap up opening in the morning are now looking weak and are shedding most of the intra day gains. Some profit booking seems to have come in above 4100 levels on Nifty.
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