INSUBCONTINENT EXCLUSIVE:
Nifty futures on the Singapore Exchange were trading 33 points, or 0.30 per cent, down at 10,941, indicating a weak start for the Nifty50 on
Asian peers Hang Seng, Nikkei and Shanghai were also trading in red in morning deals.
US markets declined on Thursday, with the Nasdaq on
partial government shutdown fuelled investor anxieties.
The Dow Jones Industrial Average settled 464.06 points down at 22,859.60
The SP 500 slipped 39.54 points to 2,467.42
The Nasdaq Composite index lost 108.42 points to 6,528.41.
Here's a look at the top stocks that may hog the limelight in today's
session:
PSU banks: The government said it will enhance the capital infusion in public sector banks to Rs 83,000 crore, taking the total to
Rs 1.06 lakh crore for the fiscal.
Satin Credit: MIT bought 8.5 lakh shares of Satin Credit at Rs 228.3 per share, bulk deal data
showed.
Ponni Sugars (Erode): Duke Endowment, Gothic Corporation and Employees Retirement Plan of Duke University bought 1.97 lakh, 5.40
lakh and 1.10 lakh shares of Ponni Sugars (Erode) on Thursday.
Bharti Airtel: Bharti Airtel has decided to sell a further 32 per cent stake
in Bharti Infratel, valued at close to Rs 15,500 crore, to create a war chest to bolster its countrywide 4G networks and counter Reliance
Jio Infocomm.
ILFS group stocks: Debt-laden Infrastructure Leasing Financial Services (ILFS) said it has initiated two separate processes
biggest lender by assets is looking to raise Rs 1,000-1,200 crore by selling its entire 28.96 percent stake in life insurance joint venture,
Star Union Dai-Ichi Life Insurance, according to a report by PTI
Investment Fund II LP and The Pabrai Investment Fund IV LP together sold over 4 lakh shares in the company on Thursday at a price of Rs
board as chairman Naresh Goyal does not want to give up control in the loss-making carrier he set up 25 years ago, according to a report by
PTI.
Indiabulls Real Estate: The company said it has sold 50 per cent stake in two office assets in Gurugram to global private equity firm
Blackstone at an enterprise value of Rs 464 crore
In November, it had announced signing of a non-binding term sheet to divest 50 per cent stake in these two assets having nearly 8 lakh sq ft
leasable area.
Future Enterprises: Kishore Biyani owned Future Enterprises said it has acquired over 7.11 crore partially paid shares in
fintech startup Livquik Technology for a cash consideration of Rs 20 crore.
Syndicate Bank: The state-owned lender said it will raise up to
Rs 500 crore by issuing 30 crore shares to its staff under the employee stock purchase scheme.
PFC: Power Finance Corporation (PFC) said the
institution.
HSIL: Hindustan Sanitaryware Industries Ltd (HSIL) has proposed to set up a Rs 350 crore manufacturing unit for glass
containers at Cuttack, according to reports.
NHPC: The company said its offer to buy back 21.42 crore equity shares at Rs 28 apiece,
aggregating to Rs 600 crore, will open on January 1.
Bosch: Auto component major Bosch Thursday said it will suspend all manufacturing
operations at Bidadi plant in Karnataka for two days on December 28-29 in order to adjust production with market demand.
Tata Motors:
Home-grown auto major Tata Motors joined hands with self-drive rental car firm Zoomcar to offer the electric version of its compact sedan
Tigor in Pune city as part of the shared mobility plans.
IEX: Indian Energy Exchange (IEX) board approved a proposal to buy back 37.29 lakh
equity shares for Rs 69 crore.
