SGX Nifty is down by 10.0 points in the early morning trade, indicating a flat opening for Indian stock market.
Markets in the Asia-Pacific traded higher despite the Federal Reserve signaling further rate hikes ahead. A better-than-expected reading of ADP private payrolls report showed that employers added 235,000 jobs in December, showing a strong labor market despite the Fed’s attempt to tame inflation and suggesting there is more room for higher rates. The Japanese Nikkei was up by 0.46 percent, Hong Kong’s Hang Seng declined by 0.1 percent and South Korea’s Kospi is down by 0.82 percent in early morning deals.
Wall Street Indices declined on Thursday as evidence of a tight labor market eroded hopes that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation. On Wednesday, another data set showed a moderate fall in US job openings. The S&P 500 declined 1.16 percent; and the Nasdaq Composite added 1.47 percent respectively.
?Larsen & Toubro subsidiary L&T Realty Developers has entered into an agreement to sell entire stake of 99% in its subsidiary Think Tower Developers. The entire stake is being sold to Pratik Harshad Kalsariya, who does not belong to the promoter group. Think Tower Developers has not commenced commercial operation and hence has zero revenue and net worth.
?Ambuja Cements has incorporated a wholly owned subsidiary – Ambuja Resources. The subsidiary will enter into manufacturing of cement & allied product, alternate fuel and power generation.
?Rail Vikas Nigam in joint venture with ISC Projects has received letter of award for supply and commissioning of ballastless track for Surat Metro Rail Project under Phase-1. The accepted contract amount is Rs 166.26 crore.
?SEBI has given its approval for reclassification of the government’s shareholding in IDBI bank as ‘public’ after its stake sale. The government and state-run Life Insurance Corporation of India (LIC) will sell 60.72% stake in IDBI Bank as part of the disinvestment, and after the stake sale, government’s shareholding will be reduced to 15%.
?Foreign institutional investors (FII) sold shares worth Rs 1,449.45 crore, while domestic institutional investors (DII) offloaded shares worth Rs 194.09 crore on January 5, as per provisional data available on the NSE.
EMERGING | LATEST | % 1D |
Hang Seng | 21,052 | 1.3 % |
Shanghai Composite | 3,155 | 1.0 % |
DEVELOPED | LATEST | % 1D |
Dow Jones | 32,930 | (1.0) % |
DAX | 14,436 | (0.4) % |
FTSE 100 | 7,633 | 0.6 % |
Nikkei | 25,821 | 0.4 % |
Straits Times | 3,293 | 1.6 % |
This Diwali, we present a portfolio that reflect both sector-specific and stock-specific opportunities. With 2…
Thank you for showing interest in taking a BTST position using our Delivery Plus product.…
Thank you for showing interest in the consultation on trading strategies! Our expert will reach…
Even if you are a new participant in the stock market, the process of buying…
A company’s debt position can be gauged using the interest coverage ratio or ICR. This…
Muhurat Trading, a cherished tradition in the Indian stock market, takes place on Diwali, the…