NS Indian market Taking a negative global cues, a flat opening could be possible. The US Fed report, also known as the Beige Book, said the US economy fell “slightly down” in the summer. This observation by the Fed led to declines in US and Asian stock markets. Keeping this in mind, Hong Kong’s Hang Seng Index fell 0.93 per cent or 244.00 points to 26,076.93 on Thursday. The Shanghai Composite slipped 0.23 per cent, or 8.36 points, to end at 3,666.82. Tokyo shares, on the other hand, opened lower on Thursday as Wall Street markets tumbled. The benchmark Nikkei 225 index was down 0.69 per cent or 207.50 points at 29,973.71 in early trade, while the broader Topix index was down 0.60 per cent or 12.45 points at 2,067.16. However, the S&P500 index fell 5.96 points to 4,514.07, 0.5 per cent lower than the index set last Thursday. The Dow Jones Industrial Average fell 68.93 points, or 0.2 percent, to 35,031.07, and the Nasdaq Composite fell 87.69 points, or 0.6 percent, to 2,249.73. The fall of the tech-heavy index ended a four-day winning streak.
At 0719 IST hours, Nifty futures on the Singapore Stock Exchange was trading at 17,324, down 38.75 points or 0.22 per cent, indicating a negative start for the Indian markets. on Wednesday, tIndian markets closed with volatility for the third consecutive day. BSE Sensex ended 29 points or 0.05 percent lower at 58,250.26, while the broader nifty It closed at 17,353.50, down 9 points or 0.05 per cent.
Here are some stocks that will be in focus today:
ONGC: ICRA has assigned ‘AAA’ credit rating of Rs 7,500 crore to the non-convertible debentures (NCDs) of the company.
Asian Granito India: The rights issue of the company is scheduled to open on September 23, 2021 and will close on October 7, 2021. The funds raised through this rights issue will be used for repayment/prepayment of certain outstanding borrowings, working capital requirements for business activities of the Company. General Corporate Purpose.
KPI Global Infrastructure: The company has terminated the power purchase agreement signed for the capacity of 1.10 MW solar power plant under the Independent Power Producer (IPP) segment.
APL Apollo Tubes: The stock has recorded a fresh 52-week high of Rs 1,874.95 per share on Wednesday. On the chart, the stock price has broken the current resistance level and formed long green candles with a jump in volume for 2 consecutive trading sessions. On the other hand, for 6 consecutive trading sessions, the stock is trading above its 20 and 30-day moving averages. It is likely to be on Thursday’s watch list.
Jindal Steel and Power: Subsidiary Jindal Steel & Power (Australia) Private Limited made a prepayment of $105.66 million (Rs 777.4 crore). Prepayments have helped reduce Australian debt by around 50 per cent.
TCS: Avianca, one of South America’s leading airlines, partnered with TCS to accelerate its travel to the cloud.
Shree Ganesh Remedies: The company has acquired 100 per cent equity stake in Akshar Jyot (AJPL), which is in the process of acquiring 26 per cent equity stake in Dhari Chemicals.
Infosys: The company and The Economist Group announced a new strategic partnership designed to enable and accelerate sustainability solutions and drive world-changing impact through a new business-to-business model.
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