IOCL, Indiabulls Housing Finance nudge higher

Indian Oil Corporation and Indiabulls Housing Finance edged higher at 14:26 IST on BSE on inclusion in Nifty 50 index with effect from today, 31 March 2017.

Meanwhile, the S&P BSE Sensex was up 9.49 points or 0.03% at 29,656.91.

Idea Cellular (down 0.52% at Rs 86.50) and Bharat Heavy Electricals (down 0.67% at Rs 163.70) were removed from the Nifty 50 index with effect from today, 31 March 2017.

Shares of Indian Oil Corporation (IOCL) were up 3.7% at Rs 387.75.

With regard to a news appeared in media quoting IOCL to set up 28 petrol outlets on TSRTC lands, the company issued a clarification during market hours today, 31 March 2017. IOCL said it has more than 25,000 retail outlets and such MoUs are entered in the ordinary course of business by various state offices of the company. This MoU does not have any material impact on the overall business of the company, it added.

As regards the news item "IOCL to set up Ethanol Plant in Panipat", IOCL said the matter has been misquoted by the news agency. The proposal for setting up Ethanol plant is currently at preliminary stage and is subject to availability of land at Panipat. Disclosure would be made at the appropriate time subject to the same being material to the business of the company, it added.

Shares of Indiabulls Housing Finance were up 0.2% at Rs 990.85.

Indiabulls Housing Finance said after market hours yesterday, 30 March 2017 that it has allotted its twelfth and thirteenth tranche of secured, redeemable, non-convertible debentures aggregating to Rs 485 crore.

Powered by Capital Market - Live News