Indian Indices: Nifty futures on the Singaporean Exchange indicate a flat start to indices here. The index futures were trading at 10,922.5, up 1 point on the SGX.
Global Market:
Asian markets: Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 1.34% and the Shanghai Composite rose 0.44%. The Nikkei 225 lost 0.31%.
US Markets: U.S. stocks log worst year since 2008.
European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 1.71% and the CAC 40 rose 1.11%. The FTSE 100 lost 0.09%.
Major Headlines of the day:
Stocks To Watch
Automobile manufacturers will be in focus as they are set to announce their monthly sales data for December. (Heres how they are expected to fare.)
Lupin received FDA approval for Clobazam Oral Suspension. This is a generic version of Lundbeck Pharma Onfi Oral Suspension for adjunctive treatment of seizures associated with Lennox-Gastaut Syndrome in patients two years of age or older.
JMC Projects received order worth Rs 596 crore. Out of this, Rs 434 crore is for residential and commercial projects in South India and the remaining Rs 162 crore is for civil works for a steel plant in Odisha. This company is a listed arm of Kalpataru Power Transmission.
HDFC revised its Retail Prime Lending Rate on which its adjustable-rate home loans are benchmarked by 10 basis points across various tenors, with effect from Jan. 1.
Dynamatic Technologies said it will receive Rs 40 crore as consideration for the transfer of all the fixed assets relating to the aluminium business of the Auto Division from Hi-Tech Arai. Along with this, the investors will also pay between Rs 5.5 and Rs 6.5 crore in order to acquire the company's inventories.
Centrum Capitals arm acquired supply chain finance business of L&T Finance whose asset book consists of Rs 650 crore. Hindustan Construction Company said that its group Chief Financial Officer Praveen Sood has ceased to be the CFO and Key Managerial Personnel with effect from Dec. 31, upon the completion of the term of his contract. The company stated it is in the process of appointing the next CFO.
Fortis Healthcare's board approved the extension of the long stop date under the Master Purchase Agreement to March 26. The company and its arm had entered into the agreement to purchase Indian Entities of RHT Trust under this agreement in Nov. 2017. On Dec. 28, statutory auditors Deloitte Haskins & Sells LLP had resigned.
Jindal Steel & Power's current CEO Naushad Akhter Ansari became the joint MD of the company with effect from Jan. 1.
KEC International and Adani Transmission mutually agreed to extend the date of sale to Jan. 31. They entered into this agreement on Nov. 3 in which KEC International was to sell its entire stake in KEC Bikaner Sikar Transmission Private Limited to Adani groups transmission arm.
Allahabad Bank revised MCLR by 10 basis points across various tenors. Overnight MCLR at 8.25 percent and One Year MCLR at 8.75 percent. credit access Grameen said it has completed a direct assignment of Rs 277.73 crore and securitization transaction of Rs 110.5 crore. Shriram Transport Finance would consider raising fund via debt during the month of January.
The trend in FII flows:- The FIIs were Net Value of Rs -326.87 segment while the DIIs were Net Value of 321.98 the provisional figures.
Securities in Ban For Trade Date 01-DEC-2019
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