Indian Indices: Trends on SGX Nifty indicate a negative opening for the broader index in India.
Global Market:
Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.70% while the Hang Seng is down 1.06%. The Shanghai Composite is not trading.
US Markets: US investor appetite grows for Chinese stocks despite market bloodbath and trade worries.
European markets: European markets finished higher today with shares in London leading the region. The FTSE 100 is up 0.96% while France's CAC 40 is up 0.49% and Germany's DAX is up 0.24%.
Major Headlines of the day:
Stocks To Watch
Pfizer Inc entered into a joint venture agreement with GlaxoSmithKline Plc to create a global consumer company. However, the entity will not include brands like Corex, Gelusil and Becosules and they will be continued to be marketed by Pfizerâ Indian arm in its respective territory.
Uflex launched three packaging foil solutions for pharma companies. Executive Director Amitava Ray said that the fast tear stripâ foil will prove to be a game-changer for the pharma industry globally and they saw a potential growth market of 5,000 tons annually in India. Reliance Industries clarified on the news regarding Department of Telecommunications rejecting Reliance Communication-Jio spectrum deal stating that correspondence was received by the company from DoT on Dec. 18 with respect to the application and the company is seeking appropriate clarifications in this regard. Coal India seeks to buy coking coal mines in Australia and Canada. The state run-miner has identified certain assets which are under different stages of due diligence, Coal Minister Piyush Goyal tells lawmakers in a written reply to questions. (Bloomberg News) Tata Consultancy Services launched Cloud Solutions Program in Canada. This solution provides cloud infrastructure and secured functioning between premise and public cloud environment. Cosmo Films launched sterilisable conduction sealing film. This film is mainly used in the dairy industry for flavoured milk, pharma industry and bakery products. Religare Enterprisesâ subsidiary filed a criminal complaint against the Singh brothers, former promoters of the parent, and their associates for allegedly syphoning and misappropriating Rs 740 crore. JSW Steel said that NCLT approved the resolution plan in the insolvency resolution process for Vardhman Industries.
KPIT Technologies: NCLT approved the merger plan with Birlasoft, which will then split into two-publicly traded companies. The tribunal also approved the demerger of company engineering business into KPIT Engineering. Alembic Pharma received zero observations under Form 483 from the U.S. FDA for its API facility in Gujarat. llcargo Logistics said it will explore emerging business opportunities related to Container Freight Stations, Inland Container Depots and Logistics Parks in India. Thomas Cook and Quess Corp: Board approves changes to scheme of arrangements within the group units. Thomas Cook shareholders to get 1,886 shares of Guess Corp for every 10,000 held.
Trend in FII flows:- The FIIs were Net Value of Rs 1209.21 segment while the DIIs were Net Value of -481.46 the provisional figures.
Securities in Ban For Trade Date 20-DECEMBER-2018
1.Adanient
2.Adanipower
3.Jetairways
4.Relcapital
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