NS Indian market Going through a correction after hitting historic highs for quite some time, and judging by weak global cues from US and Asian stock markets, which opened in the red on Wednesday, Indian markets are also expected to open on a flat note. 0715 hrs IST, nifty futures It was trading 38.25 points or 0.22 per cent higher at 17,412 on the Singapore Stock Exchange, indicating a positive start for the Indian markets. Wall Street opened higher as consumer price growth slowed, with the Dow Jones Industrial Average rising 37.27 points, or 0.11 percent, to 34,906.90. The S&P 500 was up 10.60 points, or 0.24 per cent, at 4,479.33 and the Nasdaq Composite was up 62.87 points, or 0.42 per cent, at 15,168.45. On the other hand Asian stocks such as Hong Kong shares traded at the open on Wednesday morning, with The Hang Seng index falling 0.73 per cent, or 186.27 points, to 25,315.96. The Shanghai Composite was down 0.33 per cent, or 12.11 points, at 3,650.49, while the Shenzhen Composite Index on the Second China Exchange closed down 0.47 per cent, or 11.70 points, at 2,477.19. Tokyo shares, on the other hand, also opened lower on Wednesday as investors sought to lock in profits after recent rallies, a fall on Wall Street also weighing on the market. The benchmark Nikkei 225 index was down 0.65 per cent, or 200.30 points, at 30,469.80 in early trade, while the broader Topix index slipped 0.81 per cent, or 17.18 points, to 2,101.69.
On Thursday, the Sensex was up 69 points or 0.12 per cent at 58,247.09 and the Nifty gained 25 points or 0.14 per cent to close at 17,380. Mid and smallcap indices touched their new record highs in intraday trade today. The BSE Midcap index closed with a gain of 1.09 percent and the Smallcap index gained 0.63 percent.
Here are some stocks that will be in focus today:
Reliance Infrastructure: The company’s chairman Anil Ambani told shareholders that after the recent Supreme Court verdict, the company said it would get Rs 7,100 crore from the Delhi Metro Rail Corporation (DMRC). The payment from DMRC will be used to repay the debt and the company, which has a debt of Rs 3,808 crore, will become debt free.
Maruti Suzuki: Country’s largest carmaker Maruti Suzuki India (MSI) on Tuesday said its premium hatchback Swift has crossed 2.5 million cumulative sales milestone in 16 years of its launch in the country.
Setco Automotive: The pledged 16.25 per cent stake against the loan taken by the promoter entity Setco Engineering has been released.
liberty shoes: Investor Sita Kumari sold 2.57 per cent stake in the company through open market transaction, reducing shareholding from 5.3 per cent to 2.73 per cent.
Dynacons Systems & Solutions: The company has signed an e-governance contract worth Rs 7.46 crore from Greater Mumbai Municipal Corporation for development and management of GMDMA website, disaster management app and command and control system as well as comprehensive maintenance of automated weather stations, development and management of flow level sensors. Won.
Power Finance Corporation: Through the rights issue, UBS Group AG has increased its stake in the company from 3.4 per cent to 5.67 per cent.
LIC Housing Finance: The stake of Life Insurance Corporation of India in the company increased from 40.313 per cent to 45.239 per cent after preferential allotment.
Jindal Steel and Power: CRISIL has upgraded its rating from ‘A’ to ‘A+’ with ‘Stable’ outlook with ‘Positive’ outlook on long-term banking facilities and from ‘A2+’ to ‘Al+’ for the company’s short-term banking facilities.
-Infra will get Rs 7,100 crore from DMRC after SC’s decision; Defense manufacturing new engine of growth: Anil Ambani
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