Stock-specific activity is likely to remain in focus on Dalal Street on September 11, following a slew of corporate developments.
HDFC Bank share price shed 1.3% after Bahrain court has rejected two claims filed against the bank by investors in Credit Suisse Additional Tier 1 (CS AT1) bonds. Between July and August this year, the Bahrain court had rejected five other similar matters filed by investors in CS AT1 bonds, taking the total number of favourable judgments for the bank to seven.
Shares of Premier Energies slipped 1% following the company entered into a binding term sheet with RCT India, a part of Germany-based RCT Group, to form a joint venture (JV) to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana. The proposed facility will be developed through Premier Energies' subsidiary, Premier Battery Technologies, with the first phase planned at 6 GWh.
Kotak Mahindra Bank's share price fell 1.7% following Manish Kothari has resigned as Group President and Head – Commercial Bank, as well as a Senior Management Personnel of the bank, effective September 30.
Canara HSBC Life Insurance shares slipped 1% after Insurance Regulatory and Development Authority of India (IRDAI) has levied a penalty of Rs 1 crore on Canara HSBC Life Insurance with respect to certain aspects pertaining to policyholder interests.