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Shares of Mangalam Global Enterprise will go ex-split today. The company had announced the splitting of shares into face value of Rs 2 from the face value of Rs 10.

Asia shares ease, dollar holds firm after Fed minutes

Stocks that were in focus include Adani Power which rose 5 per cent, Deepak Fertilisers which hit a 52-week high and closed with gains of over per cent, and Apollo Tyres which rose more than 4 per cent.

Kajaria Ceramics Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 18608.57 Crore) operating in Building Materials sector.

“Many participants remarked that, in view of the constantly changing nature of the economic environment and the existence of long and variable lags in monetary policy’s effect on the economy, there was also a risk that the committee could tighten the stance of policy by more than necessary to restore price stability,” the minutes showed.

An affiliate of the US firm is offering the shares in Sona BLW Precision Forgings Ltd., as it is formally known, at Rs 500 each, the terms show. That’s a 7.2% discount to Wednesday’s closing price.

The bonds, with a tenure of seven years, will offer a coupon rate of 7.39 per cent, it said in a regulatory filing.Bonds were allotted to investors on Wednesday and the proceed would be utilised for financing infrastructure and affordable housing projects, it added.

​​“The supports for Nifty have now shifted higher to 17,830 and 17,700 while resistances are seen around 18,100 and 18,180. Trading with a stock-specific approach could be a better strategy in the near term as the risk-reward in index trades is not favourable now,” said Ruchit Jain, Lead Research, 5paisa.com.

The Dow Jones Industrial Average fell 122.46 points, or 0.36%, at the open to 34,029.55.

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