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Gift Nifty was trading around 21,773 as compared to Nifty futures previous close of 21,809, indicating a sluggish start for the Indian stock market indices.
Asian markets traded mixed, while the US stock market indices ended mostly lower overnight
The US stock market indices ended mixed on Thursday with the S&P 500 and Nasdaq Composite closing lower dragged by selling in technology stocks amid rise in Treasury yields
STOCKS TODAY
Dabur India: The quarter ended December FY24 witnessed sequential improvement in demand trends, although rural growth was still lagging urban growth. Early signs of a revival in consumption are visible with improving volume trends. The consolidated revenue is expected to register mid to high-single-digit growth during Q3 FY24.
RBL Bank: The private sector lender has registered a 13 percent on-year growth in total deposits at Rs 92,743 crore for the quarter ended December FY24, with retail LCR deposits growing 16 percent YoY to Rs 41,209 crore.
Grasim Industries: The Aditya Birla Group company has received approval from the Board of Directors for the rights issue worth Rs 3,999.80 crore and set the issue price at Rs 1,812 per share. The rights issue will open between January 17 and January 29, 2024
Power Finance Corporation: The state-owned power projects financing company has raised its market borrowing program to Rs 1.05 lakh crore from Rs 80,000 crore for the current financial year 2023–24
Syrma SGS Technology: The company has incorporated a wholly-owned subsidiary, Syrma Mobility. The new company will do the business of designers, manufacturers, and assemblers of memory chips, memory modules, PCB assemblies, and other storage products.
Kay Cee Energy & Infra: The EPC company is set to list shares on the NSE Emerge on January 5. The final issue price has been fixed at Rs. 54 per share. Its equity shares will be available for trading in the trade-for-trade segment.
Tracxn Technologies: Foreign company Seabright II sold 5.8 lakh shares, equivalent to 0.56 percent of paid-up equity capital at an average price of Rs 114.44 per share. Seabright held a 4.16 percent stake as of September 2023