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Gift Nifty was trading around 21,579 level as compared to Nifty futures’ previous close of 21,629, indicating a negative start for the Indian benchmark indices
Asian markets traded mostly lower while
Japan’s Nikkei 225 rose 0.55% and the Topix gained 0.33%.
U.S stock indices closed in the red overnight as investors remained cautious ahead of the US inflation data
Investors will now focus on a key inflation report from the US later this week for cues on the timing of the Fed’s rate cut.
STOCKS TODAY
SpiceJet: Sources told CNBCTV18 that the Carlyle Aviation president recently held a meeting with SpiceJet CMD Ajay Singh ahead of its AGM meeting. Carlyle Aviation discussed prospects and strategies for SpiceJet and SpiceXpress. Carlyle Aviation holds a 7 percent stake in SpiceJet currently.
Lupin: The company announced the launch of Bromfenac Ophthalmic Solution (0.07 percent in the US after receiving approval from the US FDA. The solution is used for postoperative inflammation and reduction of ocular pain in patients who have undergone cataract surgery
Zee Entertainment Enterprises: Europe-based financial services firm Societe Generale has net sold 78,36,744 equity shares in the media & entertainment company via open market transactions at an average price of Rs 259.1 per shares, amounting to Rs 203.05 crore.
M&M: The company expands its collaboration with Mobileye to develop advanced driving technology. The companies will work to develop a fully autonomous driving system.
Cochin Shipyard: The shipbuilding company is going to trade ex-split with effect from January 10. The company announced sub-division of its equity share from a face value of Rs 10 each to face value of Rs 5 each.
Steel Strips Wheels: The company announced it acquired AMW Autocomponent for Rs 138.5 crore. The company has infused equity of Rs 5 crore and an intercorporate loan of Rs 133.15 crore into AMW Autocomponent
Tracxn Technologies: Foreign company Seabright II sold 7,56,960 equity shares (0.74 percent of equity stake) in the company at an average price of Rs 111.1 per share. Seabright, so far, sold 33,36,960 equity shares or 3.26 percent stake (since Q4CY23) in the company.