/Stocks in the news: Axis Bank, IDFC First Bank, NLC India

Stocks in the news: Axis Bank, IDFC First Bank, NLC India

New Delhi: The 30-share Sensex closed 1.17 per cent or 371.44 points higher at 32,114.52 points, while the 50-share Nifty rose 1.06 per cent or 98.60 points to close at 9,380.90 points.

Here are a few stocks which may buzz the most in Wednesday’s trade:

Axis Bank: Axis Bank on Tuesday posted a net loss of Rs 1,387.78 crore for the quarter ended March 31 against a net profit of Rs 1,505.06 crore in the same period last year.

IDFC First Bank: IDFC First Bank is considering a $ 200 million share sale to bolster its capital, people familiar with the matter said, as the lockdown in India raises the risk of loan defaults. The private-sector lender is waiting for the five-week lockdown to end.

NLC India: State-run NLC India commenced production of coal for the first time on Monday in the state of Orissa.

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