GIFT Nifty on the NSE IX traded lower by 77 points or 0.36 percent.

Asia Pacific markets were set to fall on Thursday after Wall Street dropped overnight, while investors awaited GDP readings and Inflation numbers from the US.

US stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally, which had been driven by falling interest rates and the Federal Reserve’s dovish turn.nec ullamcorper mattis, pulvinar dapibus leo.

Stocks today

Blackstone exits Embassy REIT: Private equity firm Blackstone Group exited India’s first real estate investment trust Embassy Office Parks REIT on December 20 in the second-biggest block trade of FY24

FedEx shares plunge over 11% after dismal earnings: FedEx shares plunged over 11% after it reported dismal quarterly earnings. FedEx’s operating income for the air-based express unit dropped 60% for the second quarter resulting in the company’s decline.

Glenmark Pharma shares trade flat as Nirma acquires majority stake in Glenmark Life: Glenmark Pharmaceuticals shares initially rose by 1.4 percent but later reversed their gains to trade slightly in the negative on December 20. This shift occurred after the Competition Commission of India (CCI) approved Nirma’s acquisition of the majority shareholding in the subsidiary Glenmark Life Sciences.

Indusind bank sells 2.86% stake in Nippon MF: According to BSE block deal data, the transaction involved the sale of 1.79 crores of shares. Some of the buyers in this transaction include SBI Mutual fund and ICICI Prudential mutual fund

ICICI Bank: The Reserve Bank of India has approved the reappointment of Sandeep Batra as the Executive Director of the bank with effect from December 23 2023 to December 22, 2025.

Shree OSFM E-Mobility: The company will list its equity shares on the NSE Emerge on December 21. The issue price is Rs 65 per share. Its equity shares will be available for trading in the trade-for-trade segment.

Benchmark Computer Solutions: The company will debut on the BSE SME on December 21. The issue price is Rs 66 per share. The stock will be in the trade-for-trade segment for 10 trading days

Cochin Shipyard: The public sector undertaking company has signed a contract worth Rs 488.25 crore with the Ministry of Defence (MoD). The work package includes repairing and maintaining the equipment and systems onboard the naval vessel.