Indian market It is expected to open in the red on Friday tracking negative global cues. 0740 hrs IST, nifty Futures on the Singapore Exchange were trading 167.5 points, or 0.95 per cent, lower at 17,434.50, indicating that Dalal Street was headed for a negative start on Friday.
On Wall Street, the Dow Jones Industrial Average opened higher by 77.26 points, or 0.22 percent, at 34,467.98. The S&P 500 opened up 11.21 points, or 0.26 per cent, at 4,370.67, while the Nasdaq Composite opened up 70.16 points, or 0.48 per cent, at 14,582.60. Asian stock markets opened sharply lower on Friday, with investors weighing in on Wall Street this week. Markets in China and Hong Kong are closed today. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.78 per cent. Japan’s Nikkei fell 1.96 percent, Australia’s ASX 200 shed 2.12 percent, Korea’s Kospi fell 1.56 percent, New Zealand’s DJ dropped 0.39 percent.
On Friday, the 30-share Sensex closed 286.91 points, or 0.48 per cent, down at 59,126.36, while the Nifty was down 93.15 points, or 0.53 per cent, at 17,618.15. Realty, PSU Banks and Pharma were in the green, while Media, Metals, Banks, Auto and IT closed in the red.
Here are some stocks that will be in focus today:
Paras Defense and Space Technologies: The company will list its equity shares on the stock exchanges on October 1. The final issue price has been fixed at Rs 175 per share.
Philips Carbon Black: The company launched its qualified institutional placement issue on September 30 and approved the floor price at Rs 255.85 per share.
Adani Green EnergySubsidiary Adani Renewable Energy (MH) Energy has completed the acquisition of 100% of the share capital and all securities of Vento Energy Infra from Essel Green Energy.
Maruti Suzuki: Due to lack of supply of electronic components due to semiconductor shortage situation, the company is expecting an adverse impact on vehicle production in both Haryana and its contract manufacturing company Suzuki Motor Gujarat in Gujarat in October 2021. It is currently estimated that the total vehicle production volume at both the locations could be around 60 per cent of the normal production.
Vikas Lifecare: The company signed a Memorandum of Understanding with the National Agricultural Cooperative Marketing Federation of India to help the company facilitate, coordinate and promote the marketing and trading activities of the cooperative, partners and associates in agriculture, other commodities, commodities and commodities. Will do
Jubilant FoodWorks: Jubilant Foodworks Netherlands BV will acquire 17.18% of ordinary shares of DP Eurasia NV through a reverse bookbuild process from certain professional investors in DP Eurasia. Following the acquisition, the company will indirectly hold 49.99 percent of DP Eurasia’s common shares.
Jain Irrigation System: The company’s wholly owned subsidiary, Jain International Trading BV, Netherlands, has completed the restructuring of $200 million worth of bonds listed on the Singapore Stock Exchange.
IRB Infrastructure Developers: The Board has approved the allotment of secured NCDs to IDBI Bank on private placement basis for a total amount of Rs 350 crore. The coupon rate has been fixed at 9.55 per cent per annum for a period of 6 years.
IIFL Wealth Management: The asset base of IIFL Asset Management has crossed the Rs 50,000 crore mark. The total AUM of the fund house, including alternative assets and mutual funds, increased.
Vedanta: The board has appointed Deputy CFO Sandeep Modi as the interim chief financial officer of the company with effect from October 1.
Punjab National Bank: The Bank has reduced the marginal cost of funds based lending rate by 0.05 per cent for all tenors with effect from today. The base rate has been reduced from 8.55 per cent to 8.50 per cent.
Banswara (International): The company sold 3.19 per cent stake in the company through open market transaction on September 28, down from 7.61 per cent earlier to 4.42 per cent.
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