Precise Investors

Friday, December 2, 2022

SGX Nifty 50 Futures trade marginally lower


The Nifty 50 Futures listed on the Singapore-based Exchange SGX was trading marginally lower by 0.4% at 17,380

The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50, was trading marginally lower by 0.4% at 17,380 at 7:55 am on Friday, indicating the Dalal Street to make a negative to muted start today, tracking weakness across some Asian markets, despite a broad rally across the Wall Street overnight. At the same time, the Dow Jones Futures was trading 0.31% lower.

Indian equities were higher at the close on Thursday, as gains in the Power, IT and Technology sectors lead shares higher. At the close in NSE, the Nifty 50 gained 1.37%, while the BSE Sensex 30 index added 1.35%.

Biocon Pharma, a subsidiary of the biotech major received the approval for its abbreviated new drug application for Mycophenolic Acid from the US health regulator, USFDA.

Electric power distribution company Tata Power Co. Ltd’s shareholders have approved the revision of a series of arrangements to keep its subsidiary Tata Power Solar Systems Ltd as an independent entity.

State-owned oil major, ONGC, entered into an agreement with the Solar Energy Corporation of India on Thursday, to scale up its clean energy projects, in a bid to grab a stronger hold in the renewable space.

Defence ammunition manufacturer Bharat Dynamics Ltd and the Indian Army have signed a contract worth Rs 471.41 crore for refurbishing IGLA, which will last for 10 years, informed the defence PSU in a regulatory filing.

According to the domestic rating agency Crisil, the retail prices of cement is expected to rise further by Rs 15-20 in the upcoming few months and could touch an all-time high of nearly Rs 400/bag, due to the increasing cost pressure of inputs commodities, like coal and diesel.


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