Asian markets opened on a subdued note after a lackluster Wall Street session, as investors stayed cautious with limited economic data clouding the outlook for Federal Reserve policy.

PRE MARKET

Gift Nifty indicates a flat start for the broader index in India, with a drop of 7 points or 0.03 percent. The Nifty futures were trading around the 25,949.50 level. Wall Street’s main indexes were mixed on Wednesday, with the Dow notching a record-high close and the Nasdaq losing ground as investors rotated out of pricey technology stocks while focusing on a likely end to a historic U.S. government shutdown.

The S&P 500 climbed 0.06% to end the session at 6,850.92 points. The Nasdaq declined 0.26% to 23,406.46 points, while the Dow Jones Industrial Average rose 0.68% to 48,254.82 points.

Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index went up 0.24, 0.97, and 0.31 percent, respectively.

STOCKS TODAY

State Bank of India

The bank has signed a non-binding term sheet with Care Ratings to purchase 29.7 lakh equity shares (representing a 9.9% stake) in CareEdge Global IFSC (CGIL).

Cosmo First

The company has entered into a strategic 50:50 joint venture with Filmax Corporation, the South Korean films and chemicals company. The new entity is set to jointly introduce and scale multiple business verticals of Cosmo First in the South Korean market, while also expanding Filmax’s products globally through Cosmo First’s various international arms.

Schaeffler India

BNP Paribas Financial Markets acquired 24,722 shares in Schaeffler India at Rs 4,105.65 per share for Rs 10.1 crore from Copthall Mauritius Investment.

WeWork India Management

Morgan Stanley Asia (Singapore) picked up 4.62 lakh shares in WeWork India Management at Rs 615.65 per share, worth Rs 28.47 crore, again from UBS AG.

Max Healthcare Institute

Societe Generale bought 92,289 equity shares in Max Healthcare Institute at Rs 1,095.4 per share for Rs 10.1 crore from BNP Paribas Financial Markets.

Source – Moneycontrol