GIFT Nifty indicates a Negative start; Asian markets trade lower

The Indian stock market indices, Sensex and Nifty 50, are expected to open on a cautious note today amid mixed global market cues.

Trends on GIFT Nifty indicate a negative start for the broader index in India, with a loss of 44 points or 0.20 percent.

Asian markets largely fell on Tuesday, Even Japanese stocks, which have been on a record-breaking rally.

The US stock market was shut on Monday.



Rail Vikas Nigam: RVNL emerges as the lowest bidder (L1) for supply, installation, testing, and commissioning of 11 KV line-associated works in Jabalpur city, Jabalpur (O&M), Katni, Mandla, Dindori, Seoni, Chhindwara, Narsinghpur, Balaghat, Shahdol, Anuppur, and Umariya circles of MPPKVVCL, Jabalpur company area.

Zomato: Motilal Oswal Mutual Fund has sold 4.5 crore equity shares, which is equivalent to 0.51 percent of paid up equity, in the food delivery giant via open market transactions. These shares were sold at an average price of Rs 138.15 per share.

Aster DM Healthcare: Affinity Holdings, and Alpha GCC Holdings are aiming to complete the transaction of the stake sale in the GCC (Gulf Co-Operation Council) business soon. Earlier, Dubai-based Aster DM Healthcare had approved the sale of its business in the GCC region to Alpha GCC Holdings for $1.01 billion. Of this, $903 million will be received at the closing of the deal, and the rest will depend on the fulfillment of certain conditions

Usha Martin: Usha Siam Steel Industries Public Company (USSIPCL), a subsidiary of the company in Thailand, has entered into an agreement to acquire 50 percent of the share capital of Tesac Usha Wirerope Company (TUWCL), a step-down joint venture of the company, from Kobelco Wire Company. The cost of the acquisition is Baht 74.45 million.

NLC India: Prasanna Kumar Acharya assumed the charge of Director (Finance) of the company with effect from January 15. The Central government had approved the appointment of Prasanna Kumar Acharya as Director (Finance) of the company for five years, in December last year

PNC Infratech: PNC Infratech and its subsidiary PNC Infra Holdings have executed definitive agreements with Highways Infrastructure Trust (HIT), an Infrastructure Investment Trust (INVIT), to divest 12 road assets in Uttar Pradesh, Madhya Pradesh, Karnataka, and Rajasthan. The enterprise value of the transaction is Rs 9,005.7 crore, together with the earn-outs.