Nifty futures had been trading 60 points down at 13,531 on Singaporean Exchange, suggesting a adverse opening for BSE Sensex and Nifty 50 on Tuesday. Asian stock markets had been also trading decrease following Wall Street due to increasing COVID-19 instances. Among important Wall Street indices, the S&P 500 ended decrease weighed down by Walt Disney, even though Alexion Pharmaceuticals jumped on a $39 billion buyout provide from AstraZeneca in one particular of the year’s largest offers. “Vaccine rollout, Brexit talks and hopes of US stimulus could keep the sentiments buoyant. Investors would react to India’s inflation data on Tuesday and would track US Fed Policy meet due on Thursday,” stated Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.
Stocks in concentrate today
TCS: Tata Consultancy Services has expanded its strategic partnership with Star Alliance, the world’s biggest airline alliance, to provide predictive and true-time enterprise analytics, boost its customers’ all round knowledge and accelerate its digital transformation journey.
Indian Bank: Indian Bank in a BSE filing informed that it has additional raised Tier 1 Capital Fund by means of private placement of Basel Ill compliant AT 1 Perpetual Bonds aggregating to Rs 560 crore at a coupon of 8.44 per cent p.a. payable annually. The issuance/placement of stated Bonds has been completed by the Bank by means of BSE-EBP.
Kotak Mahindra Bank: The Reserve Bank of India (RBI) has granted approval for the re-appointments of Prakash Apte as Part-time Chairman, Uday Kotak as MD & CEO and Dipak Gupta as Joint MD for a period of 3 years, with impact from 1st January 2021.
RIL, Bharti Airtel, Vodafone Idea: According to a Reuters report, Reliance Industries Ltd’s telecom division has asked the Indian telecoms regulator to take action against rivals Bharti Airtel and Vodafone Idea Ltd for allegedly operating a false propaganda campaign to attract its subscribers.
Burger King India: On listing day Burger King India shares skyrocketed practically 131 per cent and had been involved in a quantity of offers as nicely. Vijit Asset Management Private Limited purchased and sold shares of Burger King in bulk offers, as did Swapnil Mehta, Ashwin Stock and Investment Private Limited, SMC Real Estate Advisors. Basant Maheswari Wealth Advisors and Valiant Mauritius Partners Offshore had been purchasers of the stocks.
NMDC Ltd: The Rs 1,378-crore share buyback of National Mineral Development Corporation (NMDC) will open on December 17 and close on December 31, 2020.