Indian Indices: The futures were trading at 10,767.50, a gain of 7.50 points on SGX Nifty.
Global Market:
Asian markets: The futures were trading at 10,767.50, a gain of 7.50 points on SGX Nifty.
US Markets: Bear markets have just begun in the US! And D-Street sneezing already.
European markets: European markets finished higher on Friday with shares in Germany leading the region. The DAX is up 0.21% while London's FTSE 100 is up 0.14% and France's CAC 40 is up 0.04%.
Major Headlines of the day:
Stocks To Watch
InterGlobe Aviation signed codeshare mutual agreement with Turkish Airlines. The aviation company said this agreement is a part of its international expansion strategy. Through this cooperation, Turkish Airlines will be offering new destinations in India as a marketing carrier on lndiGo operated flights, while the median carrier customers will be able to reach many European destinations through Turkish Airlines' network.
Hero MotoCorp: Cut to Sell from Neutral at Goldman Sachs. Price target lowered to Rs 2,773 from Rs 3,175, implying a 17 per cent downside from Friday close.
Entertainment Network (India) board approved the company foray into U.S. Markets. The proposed thrust for expansion will involve incorporation of arms in U.S. to enter into time brokerage arrangements to broadcast radio programs and content targeting the South Asian Community.
Fortis Healthcare: SEBI orders Singh brothers and other eight group companies to repay Rs 403 crore to the company itself. The order also stated that the Singh brothers and above-mentioned entities to not dispose any assets or divert funds except for payment of the said order for meeting day to day expenses. The order added that Malvinder Mohan Singh and Shivinder Mohan Singh shall not associate themselves with the affairs of Fortis Healthcare and Fortis Hospitals in any manner whatsoever, till further directions.
Bandhan Bank clarified that the bank was unaware of the news that it is in talks with HDFC for control of Gruh Finance. The bank also stated that it is evaluating various opportunities and will not comment on market speculation.
Petronet LNG restructured its LNG pact with Qatar based LNG Supplier RasGas. The company had entered into a binding sale and purchase agreement with RasGas for the supply of an additional 1 MMTP A of LNG for onward sale to local, BPCL, GAIL and GSPC in December 2015. The company added that contract has been re-structured by having direct arrangement between the LNG supplier and the Indian entities with effect from Jan. 1.
PVR board approved raising Rs 750 crore via qualified institutional placement via debit or equity
Info Edge arm increased stake in Nopaperforms Solutions to 48.1 per cent by investing Rs 28 crore. The company provides digital solutions for educational institutions. Inox Leisure commenced commercial operations of Multiplex Theatre in West Bengal.
BHEL is in talks with U.S. Firm for lithium-ion battery joint venture. (Bloomberg News)
Sundaram Finance: Competition Commission of India approves the acquisition of 40 per cent stake of Royal Sundaram General Insurance Company to Ageas Insurance International N.V. (Bloomberg News)
Lumax Auto Technologies board approved the merger of its wholly-owned arm-Lumax DK Auto Industries with self.
Infosys: Likely to buy back shares again for $1.6 billion (Times of India).
The trend in FII flows:- The FIIs were Net Value of Rs 134.14 segment while the DIIs were Net Value of -488.55 the provisional figures.
Securities in Ban For Trade Date 24-DECEMBER-2018
1.Adanipower
2.Adanient
3.Jetairways
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