News for Manappuram Finance Limited (MANAPPURAM.BO)

The Nifty Realty index was trading 1.09 per cent down at 800.5.

The Nifty Bank index was trading 0.69 per cent down at 48407.75.

The Nifty Bank index closed 0.28 per cent up at 48743.8.

The NSE Nifty index closed 2.5 points down at 22545.05

The Nifty Realty index closed 2.09 per cent down at 809.35.

The Nifty Pharma index closed 0.24 per cent down at 20201.25.

The Nifty IT index closed 0.47 per cent down at 38946.65.

The Nifty Pharma index was trading 0.61 per cent down at 20125.55.

The Nifty Bank index was trading 0.61 per cent up at 48902.95.

Starting February 28, 2025, 16 stocks including United Breweries and PVR Inox will exit the derivatives segment, trading only in the cash market. February 27 is the last day to trade their F&O contracts. The exclusion follows the December 20 announcement by NSE.

Stocks including NTPC, LIC of India, ONGC, Biocon, SBI Life, UPL, Shree Cement, SBI Cards, IREDA and Welspun Corp will be in the spotlight on Tuesday, February 25.

The NSE Nifty index closed 242.56 points down at 22553.35

Manappuram Finance share price: The stock was last seen trading 2.27 per cent higher at Rs 205.40. At this price, it has climbed 7.34 per cent on a year-to-date (YTD) basis.

The Nifty Pharma index was trading 0.25 per cent up at 20435.7.

The NSE Nifty index was trading 223.31 points down at 22572.6

The NSE Nifty index was trading 229.41 points down at 22566.5

The Nifty Bank index was trading 1.1 per cent down at 48442.7.

The Nifty Auto index was trading 0.2 per cent down at 21462.9.

According to the United Nations’ Conference on Trade and Development (UNCTAD), the underlying logic of credit rating agencies is to avert the information asymmetry between borrowers and lenders about the latter’s creditworthiness. It further explains that issuers with lower credit ratings pay higher interest rates – reflective of the greater associated risk with lending to them, than the higher rated issuers.