The trend on SGX Nifty suggests a negative opening for the domestic market.
New Delhi: The domestic stock market is expected to trade in the red on Thursday, following signals from global markets. Asian shares traded lower as Japan’s Nikkei fell 0.80%, South Korea’s KOSPI fell 0.22% and the Shanghai Composite Index fell 0.37%. The trend on SGX Nifty also shows a negative opening for the domestic market. Nifty futures on the Singapore Exchange also known as SGX Nifty Futures fell 0.60% or 107.50 points to 17,879.50.
The BSE Sensex benchmark ended 314.04 points or 0.52% lower at 60,008.33 on Wednesday; while the broader NSE Nifty fell 100.55 points or 0.56% to close at 17,898.65.
Here are the stocks to watch in today’s session:
Paytm: Paytm operator One97 Communications will be listed on the exchange today. The issue price has been fixed at Rs 2,150/share.
Sapphire Food: Operator KFC will also make its stock market debut today. The issue price has been fixed at Rs 1,180/share.
Zomato: The restaurant aggregator and food delivery company is in talks to invest $500 million in Grofers. The proposed deal marks an expansion of Swiggy’s food delivery battle into commercial space. In another development, Zomato UK, a subsidiary of the company, has been dissolved.
Vedanta: The company says it is evaluating a full range of options and alternatives including splitter(s), decoupled company(s), strategic partnerships to unlock value and simplify architecture. enterprise architecture.
BPCL: The government is aiming to complete the privatization of 5 to 6 state-owned companies, including Bharat Petroleum Corp Ltd, this finance, Minister for Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey said. Mr. Pandey also said that the Center aims to close the privatization of India’s BEML and Shipping Corp and list insurance giant Life Insurance Corp (LIC) on local exchanges by March 2022.
