Wall Street extended its rally on December 19 advancing on the day as last week’s dovish policy pivot from the Federal Reserve continued to reverberate and investors looked ahead to crucial inflation data

Asia shares brace for BOJ meeting, US inflation test

The Bank of Japan (BOJ) meets on Tuesday amid much chatter that it is considering how and when to move away from negative interest rates. Asia stocks got off to a cautious start on Monday in a week where Japan’s central bank might edge further away from its uber-easy policies

Dow jumps more than 200 points for ninth winning day, S&P 500 nears record

All three major averages on pace to finish December with gains. The S&P 500 is up 4.4% for the month, coming off its longest weekly winning streak since 2017. The Dow and Nasdaq are up 4.5% and 5.5%

Japan stocks extend rise on dovish BOJ, China leaves benchmark lending rates unchanged

Asia markets rose Wednesday, with Japan stocks extending gains to another session after the country’s central bank left its ultra-loose monetary policy unchanged at its final meeting this year.

stocks today
Tech Mahindra: Mohit Joshi assumed the office as Managing Director and CEO of Tech Mahindra effective December 20
IndusInd Bank: The private sector lender, is likely to sell up to 1.79 crore shares, or 2.86 percent equity, in Nippon AMC via block deals.The floor price has been set at Rs 426.60 per share, which is a 5 percent discount to Tuesday's closing price. The total offer size for the Nippon AMC stake stands at a substantial Rs 762 crore.
Bharat Petroleum Corporation: The oil marketing company has received board approval for setting up a polypropylene (PP) unit for the production of polypropylene at Kochi Refinery at a gross project cost of Rs 5,044 crore.
ABC India: Adani Properties sold 40,389 equity shares in the logistics company at a price of Rs 160.67 per share. As of September 2023, Adani Properties held 65,000 equity shares, or a 1.2 percent stake in ABC India.
Doms Industries: The stationary and art products manufacturing company will list its equity shares on the bourses on December 20. The final issue price has been fixed at Rs. 790 per share. Analysts expect the stock to list with a 65 percent premium over the IPO price.
Jindal Saw: Foreign portfolio investor Cresta Fund has offloaded 20 lakh equity shares, or 0.6 percent stake, in the iron and steel pipes and pellets manufacturing company at a price of Rs 429.1 per share, valued at Rs 85.82 crore
Religare Enterprises: Religare Finvest (RFL), a wholly owned subsidiary of Religare Enterprises, has been declared a fraud exposure by its lenders. RFL had filed a Writ Petition before the Delhi High Court with respect to the declaration of RFL’s account as fraudulent exposure by the lead bank
HCP Plastene Bulkpack: Madhu Prakash Parekh, being one of the promoters, will be selling 14,93,873 equity shares, representing 13.99 percent of paid-up equity, via offer-for-sale (OFS) on December 20–21. Non-retail investors can participate in OFS on December 20, and retail investors on December 21. The floor price of the offer will be Rs 200 per share.