Stocks in News Today, December 8: Indian shares are expected to track weak global cues on Thursday, with Dalal Street also closely tracking Gujarat assembly election results.
Stocks in News Today, December 8: Indian shares are expected to track weak global cues on Thursday, with Dalal Street also closely tracking Gujarat assembly election results. Benchmark indices – BSE Sensex and NSE Nifty50 – are set to open lower as the trends on Singapore traded SGX Nifty Futures indicate. On Wednesday, Sensex ended at 62,410.68, down 215.68 points or 0.34 per cent while 50-stock Nifty50 closed at 18,560.50, lower by 82.25 points or 0.44 per cent.
Asian Markets were also trading lower with Nikkei 225 trading at 27,467, down 219.41 points or 0.79 per cent while Shanghai Composite trading at 3,199.62, down 12.91 points 0.40 per cent.
US frontline indices ended weak with Dow 30 closing flat at 33,597.90 while S&P 500 settled at 3,933.92, down 7.34 per cent or 0.19 per cent. Nasdaq Composite closed at 10,958.50, down over 50 points or 0.51 per cent.
US 10-year bond yields have slipped to 3.451 per cent. Dollar Index is hovering around 105.5 while downfall in crude oil continues as brent falls to USD 78 while WTI now trading at USD 73 — witnessing a 3 per cent fall.
Eicher Motor-owned mid-sized motorcycle maker Royal Enfield has opened a new CKD assembling facility for the US region.
The company has launched a CKD facility in Brazil. This is company’s fourth motorcycle assembling facility outside India and third motorcycle assembling unit in the US region.
As per the reports, Macrotech Developers has launched Rs 3500 crore QIP (qualified institutional placement). The QIP consists of an offer for sale (OFS) of equity shares from members of the promoter group. Promoter and promoter group will sell a total of 7.18% stake through OFS. The floor price is fixed at Rs 1022.75/Share for QIP. A 5% discount is possible on the floor price. Promoter’s current holding stands at 82.2%.
HCL Tech has announced a partnership with Intel Corporation and Mavenir. The agreement is to provide scalable private 5G network solutions for communication service providers and broader cross-vertical enterprises. All three companies will work with their expertise on the new product.
Promoters firm and promoters trust have reduced stake by 5.39% (77.6 lakh shares). Promoters firm Humuza Consultants, promoters trust — Habil Khorakiwala, Amalthea Discretionary have reduced the stake from 65.75% to 60.36% through the open market between August 24 and December 7.
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