Hong Kong’s Hang Seng index slipped 1.1 per cent, while the mainland Chinese CSI 300 index fell 0.56 per cent, hitting fresh four-year lows.
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Japan’s Nikkei 225 was down 1.43 per cent, while Australia’s S&P/ASX 200 shed 0.91 per cent. South Korea’s Kospi dropped 0.38 per cent.
Overnight, the Dow Jones Industrial Average shed 0.11 per cent, while the S&P 500 dropped 0.54 per cent. The Nasdaq Composite declined 0.84 per cent.
Meanwhile, here is a list of stocks to watch out today:
HCC: Stenier AG, Switzerland , a subsidiary of the company, has entered into a Share Purchase Agreement with France-based Demathieu Bard for divestment of its entire equity interest in Steiner Construction SA, Switzerland, a step-down material subsidiary of the company.
Separately, as part of the Baharampore-Farakka Highways Ltd. (BFHL), subsidiary stake sale transaction, HCC Infrastructure Company Ltd., subsidiary of Hindustan Construction Company Ltd has received Rs110 crore from Cube Highways and Infrastructure V Pte. Ltd.
Sheela Foam: SR Batliboi & Associates LLP, statutory auditor of Kurlon Enterprise, a subsidiary of Sheela Foam, has resigned from its post on December 4, 2023 with immediate effect.
Bank of India: The stock may see some action amid reports that the state-owned bank is preparing to launch a qualified institutional placement (QIP) later this week. The QIP may be in the range of Rs 3,500-4,000 crore.
About 6.1 million shares may be on the block worth Rs 230 crore. The floor price could be Rs 368.7-384.1 per share, a discount of up to 4 per cent from the prevailing market price.
Gulshan Polyols: Has been allocated a quantity for supplying 89,404 Kilolitres of Ethanol from its 500 KLPD Ethanol plant at Boregaon with an estimated order value of Rs 571.5 crore.
Brigade Enterprises: Has entered into a joint development agreement with land owners to develop a residential project, spread over four acres at Kurubarahalli, Mysuru.
The developable area of the project will be about 0.40 million sq ft with a gross development value (GDV) of Rs 300 crore.
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Max Financial Services: Analjit Singh, chairman of Max Life Insurance Company, has stepped down from the chairmanship and membership of the board of directors of Max Life effective December 4.
HCL Technologies: HCL Investments UK, the step-down wholly owned subsidiary of HCL Technologies, has entered into a Memorandum of Understanding with its joint venture (JV) partner, State Street International Holdings, to sell the entire 49 per cent equity stake for $170 million.
RR Kabel: Income Tax Department officials concluded their Search operations at the offices and manufacturing units of the company in the early hours on December 4.
Ram Ratna Wires: The Income Tax Department concluded their Search operations at the offices and manufacturing units of the company and its subsidiaries on December 3.
JSW Infrastructure: Arm JSW Dharamatar Port has signed a share purchase agreement with SP Port Maintenance (a Shapoorji Pallonji Group company) to acquire 50 per cent plus one share of PNP Maritime for Rs 270 crore.
Mahindra & Mahindra Financial Services: Estimates an overall disbursement at approximately Rs 5,300 crore in November, up 16 per cent year-on-year.