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The broader indices outperformed their larger peers with the S&P BSE MidCap adding 0.4% and S&P BSE SmallCap gaining 0.5%. Thirteen of the 19 sectoral indices compiled by BSE Ltd. advanced, with S&P BSE Metal rising nearly 4%.
The market breadth was neither skewed in the favour of bulls nor bears. About 1,737 stocks advanced, 1,682 declined and 80 remained unchanged.
Advocates appearing for Word Crest Advisors and Dish TV argued results of the AGM, which have been submitted to the court in a sealed cover, cannot be disclosed.
Court directed World Crest and Dish TV to submit their replies by January 18.
Source: Bombay High Court proceedings
Vedanta Group is willing to spend $12 billion to acquire Bharat Petroleum Corp.
We are not going to bid aggressively, but we will put the right price.
The market cap of the company is about $11 billion to $12 billion, so this is the amount of investment we are looking at.
- Anil Agarwal, Chairman of Vedanta Group in an interview on Wednesday.
Source: Bloomberg
The broader indices outperformed their larger peers with S&P BSE MidCap gaining 0.15% and S&P BSE SmallCap adding 0.4%. Ten of the 19 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Metal gaining nearly 3%.
The market breadth was neither skewed in the favour of bulls nor bears. About 1,672 stocks advanced, 1,674 declined and 100 remained changed.
NCLAT agrees to hear Amazon plea challenging CCI’s suspension of approval to 2019 transaction with Future Group on February 2.
The NCLAT asked parties to file replies on Amazon’s petition.
Amazon has requested NCLAT to stay the CCI’s Dec 21 order.
Nazara Technologies subsidiary Nodwin Gaming acquires Superhero Brands for Rs 4.9 crore.
Superhero is engaged in the business of manufacturing and selling licensed character merchandise.
Source: Exchange filing
Indian bonds gain after data showed retail inflation accelerated in December but undershot expectations. The rupee is trading steady.
10-year yields down 1bp to 6.58%; 5-year yield down 4bps to 5.90%
USD/INR little changed at 73.9362
Source: Bloomberg
Davis' appointment approved for a period of one year from Jan 14
Special committee of directors which was overseeing operations till now stands dissolved.
Nitin Chugh stepped down as MD & CEO of Ujjivan Small Finance Bank on Sept 30, 2021
Source: Exchange notification
Amazon Vs Future: Amazon ‘Suppressed’ Intent On Future Deal, Says CCI
Yields fell across the India sovereign yield curve in Thursday morning trading.
The 1-year yield was little changed at 4.358%
The 10-year yield fell 1bp to 6.583%
The 14-year yield fell 1.1bps to 7.04%
The 2-year-10-year yield spread was 191.1bps, vs previous close 189.3bps
Source: Bloomberg
Infosys Q3 Review: Analysts Up Target Price On Revenue Growth, Deal Wins
Wipro's Q3 Results: Shares Slide As Analysts Remain Mixed On Outlook
Motherson Sumi Systems Ltd. has 1.58 million shares change hands in a bunched trade.
Details of buyers and sellers are not known immediately.
Source: Bloomberg
TCS Q3 Review: Deal Wins, Revenue Growth Offset Margin Miss, Say Analysts
The broader indices almost mirrored their larger peers with S&P BSE MidCap little changed and S&P BSE SmallCap gaining 0.15%. Eleven of the 19 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Metal rising 1.4%. On the flipside the S&P BSE Realty index shed nearly 1%.
The market breadth was skewed in the favour of bulls. About 1,634 stocks advanced, 1,099 declined and 86 remained unchanged.
Posco and Adani Group agreed to explore business cooperation opportunities, including the establishment of a green integrated steel mill at Mundra, Gujarat.
The investment is estimated to be as much as $5 billion.
A non-binding accord signed between the firms hints at further collaboration at group business level in sectors like renewable energy, hydrogen, logistics.
Source: Exchange Filing
USD/INR little changed at 73.9175 on Wednesday.
10-year yields rose 3bps to 6.6% on Wednesday.
Global funds sell net Rs 1000 crore of India Stocks Wednesday: NSE.
They bought Rs 200 crore of sovereign bonds under limits available to foreign investors, and withdrew Rs 179 crore of corporate debt.
State-run banks bought Rs 376 crore of sovereign bonds on Jan. 12: CCIL data. Foreign banks bought Rs 722 crore of bonds.
Source: Bloomberg
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