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PRE MARKET
Gift Nifty indicates a muted opening for the broader index in India. The Nifty futures were trading flat around the 24,951.50 level.
Wall Street’s three major indexes marked record closing highs with modest gains on Thursday, largely thanks to support from the technology sector, while investors cautiously monitored private labor market data on the second day of a U.S. government shutdown.
The Dow Jones Industrial Average rose 78.62 points, or 0.17%, to 46,519.72. The S&P 500 gained 4.15 points, or 0.06%, to 6,715.35, and the Nasdaq Composite gained 88.89 points, or 0.39%, to 22,844.05.
Asian stocks were poised for solid weekly gains on Friday as rising odds of the Federal Reserve cutting rates in the near-term helped cushion jitters around a U.S. government shutdown that has pushed gold to record highs and weighed on the dollar.
Japan’s Nikkei and the Taiwanese weighted index went up 1.54 percent and 0.48 percent, while Hong Kong’s Hang Seng went down 0.61 percent.
STOCKS TODAY
Sammaan Capital
Abu Dhabi-based Avenir Investment RSC, an affiliate of International Holding Company, has acquired a 43.46% stake in Sammaan Capital for Rs 8,850 crore through a preferential allotment of 63.66 crore shares. It has become the new promoter of Sammaan Capital. International Holding Company is set to launch a mandatory open offer under SEBI takeover rules.
Hyundai Motor India
The company has commenced production of passenger vehicles at its manufacturing facility — Talegaon plant in Pune, with an annual installed capacity of 1.7 lakh units.
TBO Tek
The company’s wholly owned step-down subsidiary, TBO LLC, has completed the acquisition of 100% ownership interest in US-based Classic Vacations for $125 million.
Tata Power Company
The company’s subsidiary, Tata Power Renewable Energy, has entered into a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for a contracted capacity of 80 MW firm and dispatchable renewable energy (FDRE) project. The capex for the project is Rs 1,200 crore.
KRBL
The company has been declared the successful bidder in the E-auction for the acquisition of immovable properties in Panipat, Haryana, for Rs 402.86 crore. It plans to set up a plant, carry out warehousing & allied activities, or consider partial monetization of land.
RBL Bank
The bank has received a Show Cause Notice (SCN) from the Assistant Commissioner of State Tax, Mumbai, demanding GST of Rs 92 crore (including interest and penalty) for the financial year 2019–20, about the reversal of GST input credit, taken under a separate registration obtained for the digital banking business vertical by the bank.
Source – Moneycontrol