Stocks in News Today, December 16: Major Asian markets too trade lower with Hong Kong’s Hang Seng index falling 1.14 per cent, while Japan’s Nikkei 225 dropped 1.59 per cent. South Korea’s Kospi dipped 0.43 per cent.
Stocks in News Today, December 16: Stock markets are likely to follow weak global cues on Friday i.e. December 16. The SGX Nifty – an early indicator of sentiment on the NSE Nifty50 – traded 59.5 points, or 0.32 per cent, lower at 18,400 at 7.50 am. Major Asian markets too trade lower with Hong Kong’s Hang Seng index falling 1.14 per cent, while Japan’s Nikkei 225 dropped 1.59 per cent. South Korea’s Kospi dipped 0.43 per cent.
US stock indexes closed sharply lower on Thursday with each of the major averages suffering their biggest daily percentage drop in weeks, as fears intensified that the Federal Reserve`s battle against inflation using aggressive interest rate hikes could lead to a recession. The S&P 500 lost 99.57 points, or 2.49 per cent, to end at 3,895.75 points, while the Nasdaq Composite lost 360.36 points, or 3.19 per cent, to 10,810.53. The Dow Jones Industrial Average fell 764.13 points, or 2.25 per cent, to 33,202.22.
IRCTC: The sale of the government’s up to 5 per cent stake in IRCTC got over-subscribed on the first day of the offer, with institutional investors putting in bids worth Rs 3,800 crore. In the two-day offer-for-sale (OFS), the government is selling 4 crore shares or 5 per cent stake in Indian Railway Catering and Tourism Corporation (IRCTC) at a floor price of Rs 680 a share.
Deepak Fertilisers & Petrochemicals Corporation: The Board of Deepak Fertilizers & Petrochemicals Corp has given in-principle approval to the composite scheme of arrangement between Smartchem Technologies (STL) (demerged company or transferee company), Deepak Mining Services (DMSPL) (resulting company) and Mahadhan Farm Technologies (MFTPL) (transferor company) and their respective shareholders.
Hindustan Foods Limited: In a bid to further expand its Health Care, Hindustan Foods has executed a business transfer agreement (BTA) for the acquisition of Reckitt Benckiser Health India’s (Reckitt) manufacturing facility in Village Sandholi, Baddi, Himachal Pradesh. The transfer of the said manufacturing facility is expected to be completed by H2 of the calendar year 2023, the company added.
Wipro: IT company Wipro on Thursday said it has signed a multi-year digital transformation partnership with fintech firm Finastra for corporate banks in the Middle East. The multi-year engagement will make Wipro the exclusive implementation and go-to-market partner to deploy Finastra’s trade finance solutions in the region, a company statement said.
Hindustan Petroleum Corporation Ltd: HPCL will raise Rs 10,000 crore in debt from domestic or overseas markets to fund its oil refining and fuel marketing operations, the company has said. The board of the company at its meeting on Thursday “approved a proposal for borrowing through further issuance of secured/unsecured redeemable non-convertible debentures/bonds/notes etc. Up to Rs 10,000 crore on private placement basis in the domestic market and/or in the overseas market from the date of such approval”.
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
LATEST NEWS
Latest Trending Updates
Trending Topics
Follow us on
Partner Sites
By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link
zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use. This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit zeenews.india.com websites that posts a link to this Policy (collectively, “the sites”). This cookie policy should be read together with our Privacy Policy.
By continuing to browse or use our sites, you agree that we can store and access cookies and other tracking technologies as described in this policy.
A cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree. The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. This allows our sites to recognize your device from those of other users on our sites. The information provided below about cookies also applies to these other tracking technologies.
Zeenews.com use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively “devices”) that allow us to store and receive certain pieces of information whenever you use or interact with our zeenews.india.com applications and sites. Such cookies and other technologies helps us to identify you and your interests, to remember your preferences and to track use of zeenews.india.com We also use cookies and other tracking technologies to control access to certain content on our sites, protect the sites, and to process any requests that you make to us.
We also use cookies to administer our sites and for research purposes, zeenews.india.com also has contracted with third-party service providers to track and analyse statistical usage and volume information from our site users. These third-party service providers use persistent Cookies to help us improve user experience, manage our site content, and analyse how users navigate and utilize the sites.
These are those cookies that belong to us and which we place on your device or are those set by a website that is being visited by the user at the time (e.g., cookies placed by zeenews.india.com)
Some features used on this website may involve a cookie being sent to your computer by a third party. For example, if you view or listen to any embedded audio or video content you may be sent cookies from the site where the embedded content is hosted. Likewise, if you share any content on this website through social networks (for example by clicking a Facebook “like” button or a “Tweet” button) you may be sent cookies from these websites. We do not control the setting of these cookies so please check the websites of these third parties for more information about their cookies and how to manage them.
Persistent Cookies
We use persistent cookies to improve your experience of using the sites. This includes recording your acceptance of our cookie policy to remove the cookie message which first appears when you visit our site.
Session Cookies
Session cookies are temporary and deleted from your machine when your web browser closes. We use session cookies to help us track internet usage as described above.
You may refuse to accept browser Cookies by activating the appropriate setting on your browser. However, if you select this setting you may be unable to access certain parts of the sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will check if cookies can be captured when you direct your browser to our sites.
The data collected by the sites and/or through Cookies that may be placed on your computer will not be kept for longer than is necessary to fulfil the purposes mentioned above. In any event, such information will be kept in our database until we get explicit consent from you to remove all the stored cookies.
These cookie are essential to our site in order to enable you to move around it and to use its features. Without these essential cookies we may not be able to provide certain services or features and our site will not perform as smoothly for you as we would like. These cookies, for example, let us recognize that you have created an account and have logged in/out to access site content. They also include Cookies that enable us to remember your previous actions within the same browsing session and secure our sites.
These cookies are used by us or by our third-party service providers to analyse how the sites are used and how they are performing. For example, these cookies track what content are most frequently visited, your viewing history and from what locations our visitors come from. If you subscribe to a newsletter or otherwise register with the Sites, these cookies may be correlated to you.
These cookies let us operate the sites in accordance with the choices you make. These cookies permit us to “remember you” in-between visits. For instance, we will recognize your user name and remember how you customized the sites and services, for example by adjusting text size, fonts, languages and other parts of web pages that are alterable, and provide you with the same customizations during future visits.
These cookies collect information about your activities on our sites as well as other sites to provide you targeted advertising. We may also allow our third-party service providers to use cookies on the sites for the same purposes identified above, including collecting information about your online activities over time and across different websites. The third-party service providers that generate these cookies, such as, social media platforms, have their own privacy policies, and may use their cookies to target advertisement to you on other websites, based on your visit to our sites.
If you do not want cookies to be dropped on your device, you can adjust the setting of your Internet browser to reject the setting of all or some cookies and to alert you when a cookie is placed on your device. For further information about how to do so, please refer to your browser ‘help’ / ‘tool’ or ‘edit’ section for cookie settings w.r.t your browser that may be Google Chrome, Safari, Mozilla Firefox etc.
Please note that if your browser setting is already setup to block all cookies (including strictly necessary Cookies) you may not be able to access or use all or parts or functionalities of our sites.
If you want to remove previously-stored cookies, you can manually delete the cookies at any time from your browser settings. However, this will not prevent the sites from placing further cookies on your device unless and until you adjust your Internet browser setting as described above.
For more information on the development of user-profiles and the use of targeting/advertising Cookies, please see www.youronlinechoices.eu if you are located in Europe or www.aboutads.info/choices if in the United States.
If you have any other questions about our Cookie Policy, please contact us at:
If you require any information or clarification regarding the use of your personal information or this privacy policy or grievances with respect to use of your personal information, please email us at response@zeemedia.esselgroup.com.
