SGX Nifty is up by 52.0 points in the early morning trade, indicating a positive opening for Indian stock market.
Asian stock markets made a wobbly start to the final full trading week of 2022, with the prospect of interest rates rising further next year taking the edge off festive cheer. The Japanese Nikkei is down by 1.10 percent. South Korea’s Kospi is down by 0.14 percent. Hong Kong’s Hang Seng is up by 0.37 percent in the early morning trades.
Investors around the world will await the final US growth numbers for the quarter ended September 2022 (Q3 CY22) scheduled to be released on December 22 (Thursday). S&P 500 was down 1.11 percent whereas Nasdaq composite declined by 0.97 percent on Friday.
?KFin Technologies, whose public offer will open on Monday for subscription, raised Rs 675 crore through pre-IPO placement to anchor investors.
?Tech Mahindra will sell its entire stake in its the Netherlands-based subsidiary Dynacommerce Holdings BV to its step-down subsidiary Comviva Netherlands for about Rs 58 crore. The agreement for the deal is expected to be signed during the first week of January 2023 and the transaction is expected to complete around the same time.
?Sunpharma has received a warning letter from the US health regulator for its Halol facility which is already under an import alert. The warning letter summarises violations with respect to Current Good Manufacturing Practice (cGMP) regulations.
?TATA Motor’s fully owned subsidiary- ML Smart City Mobility Solutions has singed a definitive agreement with Bengaluru Metropolitan Transport Corporation for the supply, operation and maintenance of 921 electric buses in Bengaluru for a period of 12 years.
?Foreign portfolio investors (FPIs) on Friday net sold shares worth Rs 1,975 crore, provisional data showed. DIIs net bought shares to the tune of Rs 1,543 crore.
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