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Sunday, August 7, 2022
Stocks & Shares

SGX Nifty indicates positive open for Indian stocks

SGX

Benchmark stock market indices dropped sharply on Monday amid uncertainty around the new coronavirus variant and due to pressure from FII selling

The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50, was trading 0.14% higher at 7:48 am on Tuesday, indicating a positive open on the Indian stock exchange.

Benchmark stock market indices dropped sharply on Monday amid uncertainty around the new coronavirus variant and due to pressure from foreign institutional investors (FII) selling. The barometer index, the S&P BSE Sensex, tumbled 949.32 points or 1.65% to 56,747.14. The Nifty 50 index shed 284.45 points or 1.65% to 16,912.25.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,361.28 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,701.56 crore in the Indian equity market on 6 December, provisional data showed.

Mumbai-based automaker Tata Motors has announced hiking the prices of its vehicles across the commercial vehicle segment, in the range of 2.5%, starting January 1, 2021.

IT services major HCL Technologies has announced plans to create 12,000 new jobs in the US on Monday, over the next five years, with plans to recruit over 2,000 graduates in the upcoming 3 years.

ITC, the cigarette-to-hospitality conglomerate has announced a tie-up between its Hotels and industry body CII (Confederation of Indian Industry), and a Swiss trading partner, to strengthen development in the Indian hospitality sector.

Truck manufacturer Ashok Leyland has entered into a strategic financing partnership with the state-owned lender Bank of Baroda Ltd for three years, by signing a MoU with the latter, helping both parties to offer customised financial solutions to customers.

Interglobe Aviation Ltd, the operator of the country’s largest passenger airline IndiGo, will hold a shareholders’ meeting, an extraordinary general meeting (EGM) on December 30 to revise the conglomerate’s Articles of Association, on requests received from its promoters.

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