Stocks in the Asia-Pacific region slipped on Thursday taking overnight cues from a volatile start to Wall Street in 2025 ahead of Friday’s jobs report.
Japanese markets opened lower with the benchmark Nikkei falling by 0.56%, or 225 points, to 39,755 as of 6:50 a.m. South Korea's Kospi was up 2.6 points, or 0.11%, at 8,523. Future contracts in Mainland China pointed to a positive start while those in Hong Kong hinted lower open.
The equity benchmark in China closed lower on Wednesday ahead of its inflation reading. Headline CPI is expected to weakened further while factory-gate prices stayed well below year-earlier levels, according to Bloomberg.
The S&P 500 topped the 5,900 psychological mark after briefly falling below it. The S&P 500 and Dow Jones Industrial Average fell 0.16% and 0.25%, respectively. The tech-heavy Nasdaq Composite slipped 0.06%.
The dollar index — which tracks the greenback's performance against a basket of 10 leading global currencies — was trading lower by 0.09% at 108.9.
Indian equities sailed through a volatile session on Wednesday to end flat as the benchmark Nifty found vital support. The NSE Nifty 50 ended 18.95 points or 0.08% lower at 23,688.95, while BSE Sensex lost 50.62 points or 0.06% to close at 78,148.49.
Foreign portfolio investors stayed net sellers for the fourth straight session on Wednesday and sold stocks worth Rs 3,362.2 crore, according to provisional data from the National Stock Exchange. Domestic institutional investors stayed buyers for the 16th consecutive session and bought stocks worth Rs 2,716.3 crore.
The Indian currency weakened by 14 paise to close at 85.86 against the US dollar.
Earnings Today
GTPL Hathway Ltd., Indian Renewable Energy Development Agency Ltd., Tata Elxsi Ltd. and Tata Consultancy Services Ltd.
Stocks To Watch
Tata Motors: JLR shipped more cars, but fewer were registered in October-December 2024, even as supply disruptions eased.
Bharat Heavy Electricals: BHEL successfully commissioned two units of a hydroelectric project in Bhutan.
Poonawalla Fincorp: The company has approved raising up to Rs 190 crore through bonds.
MOIL: The company has received a penalty order worth Rs 16.8 crore from the Madhya Pradesh government for excess production at its Tirodi Mine.
Man Industries (India): Sanjay Agrawal has resigned from his position as chief financial officer, effective Wednesday.
National Aluminium Co: Brijendra Pratap Singh has assumed office as chairperson-cum-managing director of Nalco, effective Wednesday.
Acme Solar Holdings: The company, through its arm, has commissioned the remaining 62 MW and 28 MW solar projects in Rajasthan.
The India Cements: The company has received GST demand of Rs 7.1 crore, including fines and penalties, from Chennai Tax Authority.
Anand Rathi Wealth: The board will consider the issuance of bonus shares in its upcoming meeting.
Persistent Systems: The company will consider the declaration and payment of an interim dividend.
Orient Technologies: The company has appointed Shrihari Bhat as the chief executive officer.
Lupin: The firm has received Establishment Inspection Report with 'Voluntary Action Indicated' status from the US FDA for its Pithampur facility.
UltraTech Cement: The company received GST order worth Rs 1 crore along with interest from the Bhopal tax authority.
GMR Airports: The company has entered into a share purchase agreement to acquire shares of Bird Delhi General Aviation Services in one or more tranches.
Hindalco Industries: The company's US-based aluminium producer and subsidiary Novelis announced that its indirect wholly owned subsidiary, is proposing to offer $500 million aggregate principal amount of its senior unsecured notes due 2030 in a private offering.
Advait Infratech: The company has received a letter of intent from Gujarat Urja Vikas Nigam Ltd. for the establishment of standalone battery energy storage systems.
Prataap Snacks: The company has received a letter of offer for an open offer from Authum Investment & Infrastructure and Mahi Madhusudan Kela, who plan to acquire a 26.01% stake in the company.
Mangalore Refinery and Petrochemicals: The company has entered into a lease agreement with the Indian Strategic Petroleum Reserves Ltd. for the storage of crude oil.
Manappuram Finance: The RBI has removed supervisory restrictions on Asirvad Micro Finance and DMI Finance.
Bayer CropScience: The company has received a GST demand order worth Rs 2.8 crore for the period from financial year 2018 to financial year 2020 from the Telangana government.
Zen Technologies: The company received a patent grant for "T-72 Containerized Crew Gunnery Simulator System."
Afcons Infrastructure: It received a Letter of Intent from Defence Research and Development Organisation for Rs 1,084.5-crore infrastructure project.
United Spirits: The company has received a GST demand order worth Rs 1.1 crore from the Kerala government for the period between September 2017 and March 2020.
Kotak Mahindra Bank: The company board will consider raising funds by issuance of NCDs on private placement basis.
Morepen Laboratories: The company incorporated a new subsidiary Morepen Medtech Ltd.
NTPC Green: The company incorporated NTPC Rajasthan Green Energy Ltd, a 74:26 Joint Venture with Rajasthan Rajya Vidyut Utpadan Nigam Ltd.
Zee Media Corp: The company is set to consider raising funds through further public issue, qualified institutional placement, or other means.
Borosil Renewables: The company has announced 50% capacity expansion in manufacturing of solar glass.
United Breweries: The Telangana government has refused to bow to the demands of United Breweries for a substantial price hike and attributes it as companies "monopoly tactics".
NMDC: The company gets approval for incorporation of arm in Gujarat and for opening NMDC Liaison Offices at Dubai, UAE and Brisbane/Melbourne, Australia.
PI Industries: The company gets customs demand order worth Rs 82.8 crore from Maharashtra government. Order is related to classification disputes under the Customs Tariff for input material imported.
Matrimony.com: Sushanth S Pai resigns as CFO effective Feb. 17.
IPO Offering
Standard Glass Lining Technology: The public issue was subscribed to 183 times on day three. The bids were led by qualified institutional investors (332 times), non-institutional investors (269 times) and retail investors (65 times).
Quadrant Future Tek: The public issue was subscribed to 123.3 times on day two. The bids were led by retail investors (63.2 times), non-institutional investors (42.2 times) and qualified institutional investors (0.4 times).
Bulk Deals
Jyoti Structures: Follis Advisory LLP sold 55 lakh shares (0.63%) at Rs 25.12 apiece.
Trading Tweaks
Price Band Change From Rs 10 To Rs 5: PTC Industries.
Move Into ASM Framework: Garuda Construction and Engineering, Goldiam International, PTC Industries.
Move Out Of ASM Framework: Ashapura Minechem, Lincoln Pharmaceuticals, Nelco, Shivalik Rasayan.
Who's Meeting Whom?
Suven Pharmaceuticals: To meet analysts and investors from Jan. 13 to Jan. 16.
DCX Systems: To meet analysts and investors on Jan. 13.
Krishna Institute of Medical Sciences: To meet analysts and investors on Jan. 11, instead of Jan. 13.
Asian Energy Services: To meet analysts and investors on Jan. 13.
eMudhra: To meet analysts and investors on March 3.
F&O Cues
Nifty January futures down by 0.08% to 23,776 at a premium of 87 points.
Nifty January futures open interest up by 2.19%.
Nifty Options Jan. 9 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 23,000.
Securities in ban period: Bandhan Bank, Hindustan Copper, Manappuram Finance, RBL Bank, L&T Finance.
Also Read: Your Guide To FII Positions For Jan. 9 Trade
Money Market
The Indian rupee weakened 14 paise to close at 85.86 against the US dollar on Wednesday. It hit a record low of 85.846 during the day after opening at 85.82.
The domestic currency had closed at 85.72 against the greenback on Tuesday
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