Indian market On Thursday, tracking global cues is expected to open in negative territory. 0721 hrs IST, nifty Futures on the Singapore Stock Exchange were trading lower by 14.55 points, or 0.08 per cent, at 17,695.80 on Thursday, indicating a flat start for the Indian equity markets. On Wednesday, Wall Street had a mixed end for major stock indexes, as technology and communications companies weighed in on the market for the second day in a row. The S&P 500 closed 6.83 points higher at 4,359.46. The Dow closed 90.73 points higher at 34,390.72, while the Nasdaq fell 34.24 points to 14,512.44. Apart from the US stock market, Asian markets also behaved similarly. Hong Kong’s shares opened slightly lower on Thursday morning after three days of gains, with the Hang Seng index falling 0.69 per cent, or 169.24 points, to end at 24,494.26. The Shanghai Composite Index rose 0.16 per cent, or 5.63 points, to 3,541.93. The benchmark Nikkei 225 index was down 0.10 per cent, or 28.84 points, at 29,515.45, nearly half an hour after the opening bell, while the broader Topix index was down 0.18 per cent, or 3.58 points, at 2,034.71.
On Wednesday, the 30-share BSE Sensex opened weak and closed at 59,413.27, still down 254.33 points or 0.43 per cent, before making a comeback in late afternoon trade. Similarly, the broader NSE Nifty ended 37.30 points or 0.21 per cent lower at 17,711.30.
Here are some stocks that will be in focus today
Indian Overseas Bank: Indian Overseas Bank has been taken out of the prompt corrective action framework by the Reserve Bank of India.
Blue Dart Express: The company announced its general price hike, which is effective from January 2022. The average shipping price increase will be 9.6% compared to 2021.
Ashoka Buildcon: The company acquired the remaining 40% stake in Ashok Bettadahalli Shivamogga Road (ABSRPL) for Rs 2 lakh. ABSRPL is now a wholly owned subsidiary of the company after the acquisition.
Lincoln Pharmaceuticals: Promoter Ashish Rajnibhai Patel bought 31,000 equity shares in the company through an open market transaction on September 27, an increase of 5.16% from the earlier 5%.
JK Cement: The company has upgraded Clinker Line 3 at JK Cement Works, Nimbahera Unit. With this the clinker capacity of Line 3 has increased from 5,000 TPD to 6,500 Tonnes Per Day (TPD).
Karur Vysya Bank Olympus India Holdings sold 2.1 crore equity shares in the bank at Rs 46.62 per share on BSE, data from bulk deals showed
persistent systemAcquires US subsidiary Software Corporation and its affiliate Fusion360. The company also entered into an agreement with Shree Infosoft, India to acquire its business. With this transaction, its US subsidiary will acquire certain assets from Shree Infosoft’s parent company, Shree Partners LLC, USA.
Indag Rubber: The Company has approved the sale of 1.5 million equity shares of Joint Venture Company Sun Mobility EV Infra to Joint Venture Partner EPIC Mobility Technologies.
Indiamart IntermeshThe company has made an additional investment of Rs 10 crore to acquire 7 per cent stake in Mobisy Technologies (MTPL). After this investment, the company’s total stake in MTPL will become 15.98 per cent.
Unchecked Realty | Tata Mutual Fund: The money market fund bought 11 lakh shares in the company at Rs 465.12 per share on the NSE, shows data from bulk deals.
HDFC AMC: Foreign promoter Standard Life Investments sold 1,06,50,000 equity shares in the company at Rs 2,873.79 per share, while T Roe Price Emerging Markets Stock Fund garnered 15,19,557 equity shares at Rs 2,871.05 per share on BSE, data from bulk deals found out from
Max Healthcare Institute: Veritas Funds Plc on behalf of Veritas Asian Fund bought 52 lakh shares in the company at Rs 350 per share, SBI Mutual Fund bought 4,28,57,000 shares at the same price and HDFC Mutual Fund bought 57 lakh shares at the same price. However, promoter Kayak Investments Holding sold 6,02,19,498 equity shares in the company at Rs 350 per share and 2,42,30,377 equity shares at Rs 350.13 per share on the NSE, data from bulk deals showed.
just Dial : Nalanda India Equity Fund sold 10,18,295 equity shares in the company at Rs 990.01 per share on the NSE, data from bulk deals showed.
phase three : Ace investor Ashish Rameshchandra Kacholia bought 4.5 lakh equity shares in the company at Rs 288.80 per share, and Ajay Anand bought 2.5 lakh shares in the company at Rs 288.20 per share, while Salim Pyareli Govani bought 7,34,184 equity shares in the company. Sell it. 288.92 per share on the BSE, showed data for bulk deals.
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