SGX Nifty is down by 41.5 points in the early morning trade, indicating a negative opening for Indian stock market.
Asian shares dipped on Monday while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions from the US Federal Reserve, the European Central Bank and others. The Japanese Nikkei is down by 0.26 percent. South Korea’s Kospi is down by 0.62 percent. Hong Kong’s Hang Seng declined by 1.21 percent in the early morning trades.
Wall Street ended lower on Friday as investors assessed economic data and awaited a potential 50-basis point interest rate hike by the U.S. Federal Reserve at its policy meeting next week, while apparel company Lululemon slumped following a disappointing profit forecast. S&P 500 lost 0.73 percent whereas Nasdaq composite added 0.70 percent.
?Bharti Airtel gets board approval for allotment of Rs 61.94 crore shares to FCCBs holders. After receipt of notice for conversion of FCCBs of principal value of $8.6 million from certain holders of FCCBs, the board members have approved the allotment of 11.88 lakh equity shares at a conversion price of Rs 521 per share to such FCCBs holders.
?Uniparts India will make its Dalal Street debut on Monday. Its Rs 835.6 crore IPO was open was subscription between November 30 and December 2 which was sold in the range of Rs 548-577. It issue was overall subscribed more than 25.3 times.
?NTPC has commissioned 162.27 MW of solar power capacity at Ettayapuram in Tamil Nadu. With this, standalone installed and commercial capacity of NTPC has reached 57,801.27 MW, while group installed and commercial capacity stands at 70,416.27 MW.
?US health regulator has pulled up Glenmark Pharma for manufacturing lapses, including failure to establish required laboratory control mechanisms, at its Goa-based manufacturing plant. In a letter addressed to Glenmark’s MD Glenn Saldanha, the USFDA pointed out various lapses at the company’s Bardez-based facility in Goa.
?Foreign institutional investors (FIIs) net sold shares worth Rs 158.01 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 501.63 crore on December 9, as per provisional data available on the NSE.
EMERGING | LATEST | % 1D |
Hang Seng | 19,901 | 2.3 % |
Shanghai Composite | 3,207 | 0.3 % |
DEVELOPED | LATEST | % 1D |
Dow Jones | 33,476 | (0.9) % |
DAX | 14,371 | 0.7 % |
FTSE 100 | 7,477 | 0.1 % |
Nikkei | 27,901 | 1.2 % |
Straits Times | 3,246 | 0.3 % |
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