Today’s Stocks: Following record highs last Friday, the equity benchmark indices Sensex and Nifty are expected to begin on a gloomy note on Monday. The Nifty, in particular, broke through the 21,000 barrier for the first time in the previous session.
At 7:30 a.m., the Gift Nifty futures were nearly flat at 21,079, compared to the previous close of the Nifty futures.
Overnight, the Nasdaq Composite fell 0.45 percent, while the Dow and S&P 500 gained 0.36 and 0.41 percent, respectively. – Today’s Stocks
While China’s headline inflation fell at the fastest rate in three years, the CSI 300 fell 1.3 percent and the Hang Seng fell 0.9 percent in Asia, maintaining the focus on deflationary pressures.
The Nikkei in Japan increased by 1.7%, setting the regional record for gains. The Kopsi in South Korea and the S&P/ASX 200 in Australia both increased to 2%.
Tata Motors
The manufacturer announced that, as of January 2024, the price of its commercial vehicles would increase by up to 3 percent. The price increase will apply to all commercial vehicles and is intended to counteract the residual effect of previous input costs.
Linde India
According to reports, Gujarat Gas will take the place of Linde India in the S&P BSE Oil & Gas index, as decided by the Asia Index, starting on December 18.
PSP Projects
The business announced that it has signed a Rs 101.67 crore contract in Gujarat.
Cipla
Vigabatrin for oral solution, USP 500 mg, is being voluntarily recalled to consumers by its subsidiary InvaGen Pharmaceuticals Inc. It has been discovered that there are seal integrity problems with Vigabatrin, which cause powder leakage.
Mazagon Dock
ONGC placed an order with the company for the installation of 19 segments totaling about 44.4 km of subsea pipelines, valued at Rs 1,145 crore.
Subros
Indian Railways has awarded the company a new order worth Rs 25 crore for the supply and commissioning of coach roof-mounted air conditioners.
Darshan Orna
On December 15, 2023, the board will meet to discuss and decide on the best course of action for the business.
Sandur Manganese and Iron Ores
According to reports, the Asia Index has chosen to add Sandur Manganese & Iron Ores to the BSE Energy Index, effective December 18.
Lloyds Metals and Energy
The Board of Directors has granted permission for the company to increase its annual iron ore mining capacity to 55 million tonnes. Additionally, a 45 million tonnes per year Banded Hematite Quartzite (BHQ) Beneficiation plant will be established in the Gadchiroli district.
REC
By the government’s revised distribution sector scheme (RDSS), REC and the German bank KfW have inked a 200 million euro loan agreement to improve the distribution infrastructure of discoms.
Blue Dart Express
The logistics company announced that its board of directors had approved Blue Dart Aviation, a wholly owned subsidiary, to pay Rs 40 crore to DHL Aviation (Netherlands), another subsidiary, for the purchase of two leased aircraft.
Ramco Cements
From 2.5 MTPA to 3.15 MTPA, the company’s Kolimigundla clinker plant capacity has been increased.
