Indian markets ended flat with a positive bias for the seventh straight session. The Sensex closed above 78,000, while Nifty50 edged up 10 points to 23,668. IT stocks gained, while metals, utilities, energy, and realty saw selling pressure.
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.
Analysts at Nomura and Jefferies, however, maintain ‘Buy’ ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts
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