The commercial space sold through e-auction is a part of redevelopment project being executed by NBCC for AIIMS Delhi.

Shares of NBCC traded higher intraday on February 29 after the company executed the e-auction of approximately 61,000 sqft commercial built-up area at Ayurvigyan Nagar in New Delhi.

Basic sale price of the project is Rs 36,000 per sqft and total deal is valued at Rs 272.68 crore.

Grid Controller of India Ltd (a PSU under the Ministry of Power) participated in thee-auction and secured the deal.

The commercial space sold through e-auction is a part of redevelopment project being executed by NBCC for AIIMS Delhi.

The proceeds received from the sale will be utilised for construction of houses for faculty and staff members of AIIMS Delhi

Nifty is expected to oscillate around 21,950 within a range of 75 points. A negative tilt is anticipated until it remains below 22,050. For Bank Nifty, the expected expiry range is between 45,800 and 46,200-46,300.

Nifty and Bank Nifty Rollover D-1 (one day to expiry) data showed that short bets are building up with a rise in rollover costs.

Nifty’s rollovers stand at 68 percent, with a 0.7 roll cost, compared to 65 percent in the last series. While Bank Nifty’s rollovers are at 59 percent, incurring a 0.8 roll cost, as opposed to 57 percent in the last series.

In terms of sectors, JM Financial’s rollover data indicates higher sectoral rollovers in Capital Goods (81 percent), Technology (80 percent), Pharma (79 percent), Finance (79 percent), Cement (79 percent), and Banking (78 percent).

Read more: Nifty may trade in 21,900-22,100 range on expiry day today; charts signal volatility

Noteworthy stocks with higher rollovers include Havells (91 percent), Mfsl (94 percent), Torntpharma (90 percent), Dlf (89 percent), Godrejcp (94 percent), Glenmark (94 percent), and Wipro (84 percent).

Disney and Viacom18 collectively will control around 75-80 percent of the Indian sports market across both linear TV and digital platforms.

The merger of Reliance and Disney’s Indian media assets will lead to significant consolidation in the country’s entertainment industry, bringing top cricket properties such as the Indian Premier League (IPL) and popular TV shows such as Anupamaa under one roof. The merged entity will offer TV viewers 120 channels with Star India’s over 70 TV channels and Viacom18’s 38 TV channels in 8 languages, respectively, including Colors, Star Plus, and Star Gold and sports channels such as Star Sports and Sports18. The two companies…