NS Indian market Monday is expected to open on a flat note due to mixed global cues. Markets will behave cautiously as the US Fed is expected to meet this week and more clarity on the tapering of asset purchases is expected this week. Apart from the US Fed, about 12 banks are going to meet this week to decide the monetary stance of the country. 0711 hrs IST, nifty Futures on the Singapore Exchange were trading 125.50 points or 125.50 per cent lower at 17,476, indicating that the Dalal Street gap-down on Monday was headed for the start.
Asian stocks eased more than a week earlier on Monday, with fewer than a dozen central bank meetings highlighted by the Federal Reserve likely to take another step towards tapering. Holidays started thin in Japan, China and South Korea. Early Monday, MSCI’s broadest index of Asia-Pacific shares outside Japan dropped another 0.2 per cent after falling 2.5 per cent last week. Hang Seng fell 2.5 per cent in early trade.
On Friday, the equity benchmark hit new lifetime highs on Friday but ended with minor losses, breaking their three-session winning streak as investors turned RIL, metals and IT stocks higher. After losing 866 points in the day, the 30-share BSE Sensex ended 125.27 points or 0.21 per cent lower at 59,015.89. The broader NSE Nifty slipped 44.35 points or 0.25 per cent to end at 17,585.15 after touching an intra-day record of 17,792.95.
Here are some stocks that will be in focus today:
Zee Entertainment Enterprises: The Company announced that BlackRock Inc., on behalf of its Discretionary Management clients, selected over 3.01 lakh equity shares in the Company through an open market transaction, an increase of 5.01 per cent from the earlier 4.98 per cent.
IRB Infrastructure Developers: The subsidiary IRB Sindhudurg Airport Pvt Ltd has received an airport license from the Director General of Civil Aviation.
Wipro: The IT services major announced the launch of Wipro-Google Cloud Innovation Arena in Bengaluru to accelerate cloud adoption.
Poonawalla Fincorp: Abhay Bhutada, managing director of Poonawalla Fincorp, resigned on Thursday, a day after he was barred from the securities markets by Sebi for alleged insider trading. Poonawalla Fincorp said in a statement. Poonawalla Fincorp CEO Vijay Deshwal will run the operations, the statement said.
Orissa Mineral Development Company: The company received Stage-II/Final approval from Ministry of Environment, Forest and Climate Change for diversion of 21.52 hectares of forest land in Uliburu Reserve Forest (including 2.107 hectares of protection zone) for iron ore mining at Bagiyaburu iron ore mines in Keonjhar. District, Odisha during the third RML period.
Cadila Healthcare: Ahmedabad-based pharma major Zydus Cadila got the final nod from the USFDA for Vortioxetine tablets, which are used to treat depression.
Adani Ports: The Board of Directors of Adani Ports and Special Economic Zone Limited has given its in-principle approval for issue of non-convertible debentures for capital expenditure/refinance of existing debt and general corporate purpose for an amount exceeding Rs 10,000 million in one or more tranches. has given. On private placement basis.
HLE Glasscoat: The company signed definitive agreements to acquire the global business of Thalatech GmbH, Germany as well as its subsidiary Thalatech USA, as a part of its strategy to further strengthen its position in global markets with innovative technology. is as part.
Nazara Technologies: NODWIN GAMING, an independent subsidiary of Nazara Technologies, acquired the gaming and adjacent IP business of OML Entertainment for Rs 73 crore.
Ruchi Soya Industries: The Company announced that SBICAP Trustee Company issued a pledge on September 16 on 29.25 crore equity shares (98.87 per cent stake) of the Company.
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