Stock Market LIVE: GIFT Nifty Hints At Muted Open; HUL, Infosys, Waaree Energies Shares In Focus
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HUL Demerger To Take Effect On Dec. 1: Board Sets Record Date, Share Ratio
The demerger of Kwality Wall's (India) Ltd. from Hindustan Unilever Ltd. will take effect on Dec. 1, the company announced on Tuesday. The board fixed Friday, Dec. 5, as the record date to determine the eligible shareholders entitled to receive equity shares of KWIL.
The share entitlement ratio is 1:1 which means one fully paid-up equity share of face value of Rs 1 in KWIL will be given for every one held in HUL.
More details here.
Stocks To Watch Today: Infosys, TCS, HUL, Waaree Energies, MGL, Azad Engineering
Big players such as Tata Consultancy Services Ltd., Infosys Ltd., Mahanagar Gas Ltd., and Hindustan Unilever Ltd. have made it to the stocks to watch roster for Wednesday.
Read some of the notable corporate announcements that came after Tuesday's market hours here.
Infosys Shares In Focus: Rs 18,000 Crore Buyback Opens Thursday
Infosys Ltd. shares are in focus as the IT major gears up for its mega buyback, set to open on Nov. 20 and close on Nov. 26. The company, through an exchange filing on Tuesday, laid out a detailed timetable for what promises to be a crucial week for shareholders participating in the Rs 18,000 crore programme.
Asia Markets LIVE: Japan's Nikkei 225 Trades Slightly Higher
Most markets in Asia-Pacific were trading with marginal gains as market participants await the quarterly results of Nvidia Corp, scheduled for release later today.
The Nikkei 225 was 0.63% higher, while the KOSPI were trading 0.27% lower as of 6:54 a.m.
LIVE: GIFT Nifty Hints At Muted Open; TCS, CAMS, Jindal Stainless Shares In Focus
The GIFT Nifty was trading 0.09% or 24.40 points higher at 25,935 as of 6:31 a.m., which implies a muted open for the benchmark NSE Nifty 50 index.
Traders will keep an eye on Tata Consultancy Services Ltd., Computer Age Management Services Ltd., Jindal Stainless Ltd., and Hindustan Unilever Ltd. shares because of the overnight news flow.
Indian benchmark indices snapped their six-day rally, with the Sensex slipping 277.93 points or down 0.33% to close at 84,673.02, and the Nifty declining 103.40 points or 0.40% to end at 25,910.05.
