Stocks That Were In News On April 7, 2016

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The 30-share benchmark index ended the trade flat at 24685.42, lower by 215.21 points, while the NSE Nifty was at 7546.45, up by 67.90 points.

On the global front, Asian peers ended the day on a mixed note, while European counters were trading in green.

Stocks That Were In News On April 7, 2016

Pfizer

Pfizer Inc. announced that the merger agreement between Pfizer and Allergan plc has been terminated by mutual agreement of the companies

The stock ended the day at Rs 1714, lower by 1.24 per cent on BSE. It touched an intraday high at Rs 1761 during the trade.

Indiabulls Housing Finance

Indiabulls Housing Finance said that it will raise RS 37 crore through issue of 370 Secured Non-Convertible Redeemable Debentures on Private Placement basis.

The stock ended the day at Rs 614, lower by 1.47 per cent on BSE. It touched an intraday low at Rs 611 during the trade.

Dewan Housing Finance Corporation

Dewan Housing Finance Corporation said that it will raise Rs 200 crore by issuing bonds on private placement basis.

The stock ended the day at Rs 187, lower by 2.88 per cent on BSE. It touched an intraday high at Rs 194 during the trade.

Future Retail

Future Retail rose as asset management firm SSG Capital Management will acquire 40 per cent stake in Future Supply Chain Solutions from existing shareholders for Rs 580 crore.

The stock ended the day at Rs 130, higher by 0.93 per cent on BSE. It touched an intraday high at Rs 136 during the trade.

Housing Development Finance Corporation (HDFC)

Housing Development Finance Corporation (HDFC) shares fell, after the institution said it is making an additional one time provision.

The stock ended the day at Rs 1072, lower by 2.58 per cent on BSE. It touched an intraday low at Rs 1067 during the trade.

Tata Steel

Tata Steel will formally begin the sale process of its UK plants from next Monday while the UK government will assist the company in scouting for a suitable buyer even though no time frame for the sale has been set as such, as per media reports.

The stock ended the day at Rs 323, lower by 1.37 per cent on BSE. It touched an intraday low at Rs 322 and high at Rs 332 during the trade.

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