Indian Indices: Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 23.5 points or 0.22 per cent. Nifty futures were trading around 10,855-level on the Singaporean Exchange.
Global Market:
Asian markets: Shares in Hong Kong are lower today as the Hang Seng falls 0.60%. The stock markets in Tokyo and Shanghai are closed at this time.
US Markets: Asia shares mostly higher as US futures point to further turmoil stateside.
European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.20% and the FTSE 100 rose 0.09%. The CAC 40 lost 0.87%.
Major Headlines of the day:
Stocks To Watch
Tata Power: Maharashtra Electricity Regulatory Commission gave the green signal to Mumbai Transport Undertaking BEST to extend its existing 667MW power purchase agreement with the company for five years till March 2024. This power will be supplied from Tatas Trombay Thermal and Hydro Plants.
Asian Granito clarified that it has already paid Rs 3.5 crore differential duty under protest based on the findings of Directorate of Revenue Intelligence and cannot assess the impact of such default at this stage.
Advanced Enzymes Technologies: Piyush Rathi resigned from Chief Business Officers post with effect from Jan. 2.
Equitas Holdings: Equitas Small Finance Bank hiked its interest rate across various tenors with effect from January 1. For deposits from Rs 30-50 crore the rate stands at 7.5 percent.
Bank of Indias board approved increasing authorized capital from Rs 3,000 crore to Rs 6,000 crore and capital raising plans via equity shares and tier-I and tier-II capital bonds, while the shareholders have given their nod in respect issue of preferential shares to the government for Rs 10,086 crores.
Autoline Industries entered into an investment contract with IndiaNivesh Renaissance Fund wherein the fund will invest Rs 35 crore in the company.
Jindal Steel and Power named Sudanshu Saraf as CEO of steel operations with effect from Jan. 1.
S Chand and Company extended its first tranche investment from Dec. 31 to Jan. 31 due to certain precedent conditions not yet completed by its target company Chetna Publications LLP.
ICRA revised its outlook for Motherson Sumi Systems from Positive to Stable across various rated instruments worth Rs 1,808 crore.
Indian Oil Corporation said it did not plan to recover the losses incurred due the governments decision in October asking the fuel retailers to cut gasoline and diesel prices by Rs 1 per liter says Chairman Sanjiv Singh. (Bloomberg News) Public Sector Bank Update: The cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda.
Trend in FII flows:- The FIIs were Net Value of Rs -621.06 segment while the DIIs were Net Value of -226.18 the provisional figures.
Securities in Ban For Trade Date 03-DECEMBER-2019
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