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The private sector bank will acquire 26.45 million equity shares of microfinance company Sonata, of face value 10 rupees each fully paid up, for a total consideration of approximately 5.37 billion rupees, the private lender said in an exchange filing

The bank’s gross advances rose 11% year-on-year to Rs 5408 crore. Deposits mobilisation registered a 48% jump to Rs 4,697 crore with share of deposits being at 78%

Earlier this month, the exchange had placed three Adani group stocks–Adani Enterprises, Adani Ports, and Ambuja Cements under additional surveillance measures (ASM) to curb excessive volatility

Nifty is consolidating near the 20-day SMA and closed above the 14-DMA, suggesting a near-term bullish trend. Besides, the index ended the week above 17800, which again points towards a strong weekly close. Momentum indicator RSI is in a bullish crossover and rising

The brokerage is overweight on financials, technology, consumer discretionary and industrials and underweight all other sectors. In its model portfolio, Morgan Stanley has increased weightage on its top bet financials by 600 basis points to 25.2%

The Nifty Auto index closed 0.36 per cent up at 13235.05.

Index provider MSCI announced the inclusion of PSU lender Bank of Baroda and CG Power and Industrial to the MSCI India Global Standard Index. >> For more such web stories click on the ET icon below

The Nifty IT index closed 0.39 per cent down at 30870.2.

“We have been maintaining a steady core EBITDA margin of about 25-26%. If you see in the nine-month to nine-month, our PAT margins are 21%, our console core EBITDA margins are 28%. I do not see that as a major challenge moving forward. The USP of our company is we have got orders across sectors.”

Zomato shares slipped deeper into the red in the December quarter, as the company posted a consolidated net loss of Rs 347 core. >> For more such web stories click on the ET icon below