Categories: Miscellaneous

KFin Technologies, whose public offer will open on Monday for subscription

Opening Bell:

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.

Stocks News:

?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.

Domestic and International Events

  • Oil prices reclaimed ground on Monday after tumbling more than $2 a barrel in the previous session as optimism from China’s reopening and oil demand recovery outweighed concerns of a global recession.
  • The Indian government’s direct tax collections so far in the current fiscal year was Rs 11.36 lakh crore, up nearly 20% on year. The collection constitute about 80% of the total Budget estimate of direct taxes for FY23.
  • Business activity in the US contracted further in December as new orders slumped to the lowest level in over 2.5 years. The flash US composite PMI output index fell to 44.6 this month from a final reading of 46.4 in November, S&P Global said.
  • British inflation fell more than expected in November after it hit a 41-year high in October, raising hopes that the price surge has peaked and offering some comfort to the Bank of England as it prepares to raise interest rates again.

Key Equity Indices

Share
Published by

Recent Posts

Diwali Picks 2024

This Diwali, we present a portfolio that reflect both sector-specific and stock-specific opportunities. With 2…

2 weeks ago

Expert Recommended Stocks

Thank you for showing interest in taking a BTST position using our Delivery Plus product.…

4 months ago

Congratulations! Your 30-minute FREE session is confirmed.

Thank you for showing interest in the consultation on trading strategies!Our expert will reach out…

7 months ago

How to sell shares of unlisted companies?

Even if you are a new participant in the stock market, the process of buying…

1 year ago

Interest Coverage Ratio – Meaning, Types, Interpretation & Importance

A company’s debt position can be gauged using the interest coverage ratio or ICR. This…

1 year ago

Muhurat trading timings 2023-24: Indian stock exchanges

Muhurat Trading, a cherished tradition in the Indian stock market, takes place on Diwali, the…

1 year ago