PRE MARKET
GIFT Nifty was trading down 150 points or 0.63 percent at 23,558 in early morning trade, indicating a weak opening for Indian equities.
US index futures traded weak in early Asian trade, Dow Jones Futures down by -407.80 or -0.82 at 49,119.37
Asian equities traded lower on Monday, with MSCI’s Asia-Pacific index falling nearly 1 percent amid rising oil prices and inflation concerns.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index edged down -0.87, -1.59, and -1.02 percent respectively.
STOCKS IN NEWS
Coal India
The Department of Investment and Public Asset Management (DIPAM) has approved the listing of Mahanadi Coalfields (MCL), a subsidiary of Coal India, through a fresh issue of equity shares and the disinvestment of Coal India’s equity in MCL via a public offering of up to 25 percent of Coal India’s stake in the domestic market.
Garware Hi-Tech Films
Abhishek Agarwal has resigned from the position of Chief Financial Officer of the company to pursue career opportunities outside the organisation, effective May 15.
RBL Bank
The bank has announced the completion of the regulatory and governmental approval process for the proposed strategic investment by Emirates NBD Bank.
Emirates NBD Bank (P.J.S.C.) has received a letter from the Ministry of Finance approving its proposed acquisition of more than 49 percent and up to a 74 percent stake in RBL Bank.
Adani Ports and Special Economic Zone
The company’s subsidiary, Adani Harbour International FZCO (TAHID), has entered into a Share Purchase Agreement to acquire a 51 percent stake in Meridian Transportes Marítimos SA from Logistica y Servicios Maritimos SA and Simpo SA.
Source: Moneycontrol, Mint
