Gift nifty trades flat ; Asian markets trade higher ; US markets ended flat

The domestic equity market indices are expected to open flat with a positive bias on Friday, the last trading day of 2023

The Asian markets are trading mostly higher, while the US stocks ended mixed overnight.

The S&P 500 closed nominally higher on Thursday, retracing early gains just before the closing bell on the penultimate trading day of 2023.

 

STOCKS TODAY

Innova Captab: The pharmaceutical firm is set to debut on the bourses on December 29. The final issue price has been fixed at Rs. 448 per share.

Aditya Birla Fashion and Retail: Subsidiary Finesse International Design (FIDPL) has allotted 1,93,964 equity shares for Rs 20 crore to Aditya Birla Fashion and Retail. Under this, the holding of the company in FIDPL has increased from 58.69 percent to 63.50 percent of the equity share capital of FIDPL.

IDFC First Bank: ICICI Prudential Asset Management Company and ICICI Prudential Life Insurance Company have received approval from the Reserve Bank of India, to acquire up to 9.95 percent of the paid-up share capital or voting rights of IDFC FIRST Bank.

Punjab National Bank: The public sector lender said the Board of Directors has approved the proposal for raising equity capital up to Rs 7,500 crore in one or more tranches during FY25 through qualified institutions placement (QIP)/follow-on public offer (FPO).

Asian Paints: The company’s Sriperumbudur plant has received an environmental clearance from the State Environment Impact Assessment Authority, Tamil Nadu. The Sriperumbudur plant is operating with the required licenses and approvals. The license document granting the environmental clearance is awaited.

RailTel Corporation of India: The company has received the work order amounting to Rs 120.45 crore from South Central Railway for comprehensive signaling and telecommunication works for the provision of an automatic block signaling system in the Yermaras-Nalwar section of the Guntakal division in South Central Railway.

Satin Creditcare Network: The microfinance institution has entered into a master agreement for the co-lending of loans to microfinance borrowers via a co-lending module in tranches with Karnataka Bank. The company will also act as the service provider, and the company will manage the collections and monitoring.