Stock Market Today: All You Need To Know Going Into Trade On Dec. 31

Most Asia-Pacific stocks declined on Tuesday tracking overnight losses on Wall Street. Markets in Japan and South Korea are closed.

The S&P ASX 200 was 0.52% down, and Hang Seng was 0.42% higher as of 7:22 a.m.

On Monday, the Dow Jones Industrial Average and S&P 500 ended 0.97% and 1.07% down, respectively. The Nasdaq Composite ended 1.19% down.

The brent crude was trading 0.15% higher at $74.50 a barrel as of 7:12 a.m. The Bloomberg spot gold was 0.13% higher at $2,609.82 an ounce.

The GIFT Nifty was trading 0.20% or 46.50 points down at 23,656.50 as of 7:11 a.m.

The benchmark equity indices eroded early gains in the last leg of the trade to end lower on Monday. Broad-based weakness across Asia and Europe also put pressure on the indices.

The NSE Nifty 50 closed 168.50 points or 0.71% down at 23,644.90 and the BSE Sensex ended 450.94 points or 0.57% lower at 78,248.13.

Overseas investors have been net sellers for the 10th consecutive session and collectively offloaded stocks worth Rs 24,044.2 crore. Foreign portfolio investors offloaded stocks worth approximately Rs 1,893.2 crore on Monday, while the DIIs bought stocks worth Rs 2,173.9 crore, according to provisional data from the National Stock Exchange.

• Rail Vikas Nigam: The company emerged as the lowest bidder for a central railway project worth Rs 137.2 crore.

• Flair Writing Industries: The company's arm, Flair Writing Equipments Pvt., incorporated step-down subsidiary Flomaxe Stationery to carry on the business of manufacturing and distribution of stationery and other allied products.

• Mazagon Dock Shipbuilders: The company signed contract worth Rs 1,990 crore with the Ministry of Defence for Air Independent Propulsion Plug.

• Clean Science and Technology: The company’s arm Clean Fino-Chem has commenced commercial production of 2,5-Dihydroxy-1,4-Dithiane in a dedicated production block today.

• Archean Chemical Industries: R Raghunathan has resigned as chief financial officer and KMP of the company due to personal reasons.

• Prestige Estates Projects: The company’s unit picked a 49% stake in WSI Falcon Infra Projects that is developing IT and IT-enabled services park in 6.53 acres of land situated at Porur, Chennai.

• Power Grid Corp: The company acquired Rajasthan IV 4A power transmission for Rs 18.4 crore.

• SBI Life Insurance: The board has approved the investment of Rs 6.6 crore to buy up to 10% stake in Bina Sugam.

• Wipro: The deadline to acquire Applied Value Technologies Pte has been extended from December this year to January.

• Vakrangee: The company partnered with Future General Insurance to offer general insurance products across its networks.

• Shriram Properties: The company has sold a 3.9-acre plot in Chennai to a healthcare and education group and has signed an agreement for the sale or divestment of securities held in its subsidiary, SPL Shelters, to a group of individual buyers.

• DCX Systems: NCLT approved the scheme of amalgamation of VNG Technology with Raneal Technologies.

• Century Enka: KG Ladsaria, chief financial officer and KMP of the company, has resigned from his position.

• Jubilant Ingrevia: The company's arm, Jubilant Infra, plans to acquire 6.67% stake in Forum I Aviation. The arm holds a 15.79% stake in FAPL post-acquisition.

• Gokul Agro Resource: The company acquired fixed assets worth Rs 105.5 crore of Mangalore Edible Oil Refinery from Anagha Refineries. The acquisition will add a capacity of 100 TPD. The acquisition is funded out of borrowing and internal accruals.

• Prataap Snacks: A fire at the Jammu manufacturing unit has damaged inventory, machinery, the building, and furniture, disrupting operations.

• Lupin: The company announced the acquisition of Huminsulin in India from Eli Lilly and Company to further enhance its diabetes portfolio.

• CESC: The company's arm, Noida Power Co, issued a letter of acceptance to unit Purvah Green Power for procurement of power.

• Dhanlaxmi Bank: The RBI approved the appointment of P Suriaraj as executive director for a period of three years.

• Unimech Aerospace and Manufacturing: The company's shares will debut on the stock exchange on Tuesday at an issue price of Rs 785. The Rs 500-crore IPO has been subscribed 175.31 times on the final day. The bids were led by qualified institutional investors (317.63 times), non-institutional investors (263.78 times) portion reserved for employees (97.81 times), and retail investors (56.78 times).

• Indo Farm Equipment: The company will offer shares for bidding on Monday. The price band is set from Rs 745 to Rs 785 per share. The Rs 500-crore IPO issue is a combination of a fresh issue of Rs 250 crore and rest offer for sale. The company raised Rs vv crores from anchor investors.

• JM Financial: J M Financial and Investment Consultancy Services bought 27 lakh shares (0.28%) at Rs 127.55 apiece, while J S B Securities sold 27 lakh shares (0.28%) at Rs 127.55 apiece.

• Kabra Extrusiontechnik: Saraswati Commercial (India) Ltd bought 2.98 lakh shares (0.85%) at Rs 533.15 apiece.

• Kilburn Engineering: Promoter Firstview Trading bought 20,000 shares on Dec. 27.

• NRB Bearings: Promoter Harshbeena Zaveri bought 23,600 shares on Dec. 27.

• KRN Heat Exchanger and Refrigeration: To meet investors and analysts on Jan. 3.

• Price Band change from 10% to 5%: Aditya Birla Money, Marine Electricals (India).

• Price Band change from 20% to 5%: Borosil Renewables, R.P.P. Infra Projects, Shaily Engineering Plastics.

• Moving out of ASM: Bajaj Healthcare.

• Moving into ASM: Greaves Cotton.

• Nifty January futures down by 0.69% to 23,828 at a premium of 184 points.

• Nifty January futures open interest up by 5.8%.

• Nifty Options Jan. 2 Expiry: Maximum call open interest at 25,000 and maximum put open interest at 21,600. 

• Securities in ban period: Nil.

The Indian rupee ended the day flat at 85.54 against the US dollar on Monday, following a volatile trading session last Friday. The domestic currency had opened at 85.48, showing a gain of 6 paise from its previous close of 85.54.