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PRE MARKET
Gift Nifty indicates a positive start for the broader index in India, with a gain of 33 points or 0.13 percent. The Nifty futures were trading around the 25,944 level.
US stocks ended lower on Tuesday, with the S&P 500 putting in a fourth straight session of losses as valuation worries hit big technology-related shares and a disappointing forecast pressured Home Depot.
The Dow Jones Industrial Average fell 498.50 points, or -1.07%, to 46,091.74, the S&P 500 lost 55.09 points, or -0.83%, to 6,617.32, and the Nasdaq Composite lost 275.23 points, or -1.21%, to 22,432.85.
Asian equities swung between gains and losses as investors weighed the fallout from the selloff in global stocks, with traders watching whether regional markets can stabilize after Wall Street’s sharp losses.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted went up 0.56, 0.1,0 and 0.14 percent, respectively.
STOCKS TODAY
Infosys
The IT services company will launch its offer to buy back up to 10 crore equity shares (2.41% of paid-up equity) for Rs 1,800 per share, amounting to up to Rs 18,000 crore, on November 20. The offer will close on November 26.
G R Infraprojects
The company has received a letter from Western Railways declaring November 15 as the appointed date for a project worth Rs 262.28 crore. The project involves an EPC tender for gauge conversion of a 38.900 km track and associated work, including all works related to 30 RUBs from Kosamba to Umarpada in the Kosamba Umarpada section of the Vadodara division of Western Railways.
Goel Construction Company
The company has secured a service order worth Rs 173.25 crore from the Aditya Birla Group for the execution of civil works of PYRO, WHRS, and post-clinkerisation, along with safety works at their Pali Cement Works unit in Rajasthan.
National Securities Depository
The company has received a warning letter from SEBI for non-compliance in relation to a few instances where disclosures by directors or committee members to MIIs were made later than 15 days after dealing in securities.
Escorts Kubota
The agricultural and construction equipment maker has introduced its third-generation Ride-On Rice Transplanters: KA6 and KA8 under the Kubota brand across seven states: Tamil Nadu, Punjab, Odisha, Madhya Pradesh, Andhra Pradesh, Kerala, and Telangana, where demand for mechanized paddy solutions is rising.
Source – Moneycontrol