SGX Nifty is down by 82.0 points in the early morning trade, indicating a negative opening for Indian stock market.
Asia-Pacific shares traded lower, taking the lead from losses on Wall Street while investors also looked ahead to some economic data in the region. Japan’s core consumer price index at 3.7 percent in November on an annualized basis, marking the fastest pace since December 1981. The Japanese Nikkei is down by 1.15 percent. South Korea’s Kospi declined 1.53 percent. Hong Kong’s Hang Seng is down by 0.53 percent in the early morning trades.
Wall Street’s major indices closed lower on Thursday with technology-heavy Nasdaq’s 2 percent drop leading losses as investors worried that data showing a resilient economy would lead the US Federal Reserve to keep hiking interest rates for longer than feared. S&P 500 declined by 1.45 percent.
?Reliance Industries Limited (RIL) has announced that its subsidiary Reliance Jio Infocomm Limited has been awarded an order from Indian Oil Corporation Limited (IOCL) to provide an SD-WAN (Software Defined Wide Area Network) solution to power the oil company’s retail automation and critical business processes across 7,200 outlets for a period of 5 years.
?RVNL has received contract for ‘construction of Bhesan depot cum workshop, for Surat Metro Rail Project Phase-1, DC 2, from Gujarat Metro Rail Corporation (GMRC). The total cost of project is Rs 198.93 crore.
?Kensai Nerolac Paints has invested Rs 10.99 crore in its subsidiary in Sri Lanka, Kansai Paints Lanka, wherein it holds 60 percent stake. Sri Lankan subsidiary has allotted 8.1 crore ordinary shares at LKR 6 per share to Kansai Nerolac.
?Jupiter India Fund has bought 6.32 lakh shares in Sula Vineyards at an average price of Rs 361 per share, and Goldman Sachs Funds Goldman Sachs India Equity Portfolio acquired additional 6.95 lakh shares at an average price of Rs 351.48 per share. Goldman Sachs already held 12 lakh shares or 1.43 percent stake in the company.
?Foreign institutional investors (FIIs) have bought shares worth Rs 928.63 crore, while domestic institutional investors (DIIs) purchased shares worth Rs 2,206.59 crore on December 22, as per provisional data available on the NSE.
EMERGING | LATEST | % 1D |
Hang Seng | 19,679 | 2.7 % |
Shanghai Composite | 3,054 | (0.5) % |
DEVELOPED | LATEST | % 1D |
Dow Jones | 33,027 | (1.1) % |
DAX | 13,914 | (1.3) % |
FTSE 100 | 7,469 | (0.4) % |
Nikkei | 26,508 | 0.5 % |
Straits Times | 3,270 | 0.4 % |
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