Trends on SGX Nifty indicated a lower opening for the domestic markets.
New Delhi: Domestic stock indices are expected to trade cautiously on Wednesday in view of the signals received from the global markets. Asian markets were still stagnant as the world waited to hear from the US Federal Reserve on when it would stop buying assets and start raising interest rates, potentially putting pressure on its peers. Trends on SGX Nifty indicated a lower opening for the domestic markets. Nifty futures also known as SGX Nifty futures on the Singapore Exchange were down 0.83 per cent or 145.75 points at 17,316.20.
The benchmark BSE Sensex was down 166.33 points or 0.29 per cent at 58,117.09 on Tuesday; While the broader NSE Nifty was down 43.35 points or 0.25 per cent at 17,324.90.
Here are the stocks to watch during today’s session:
ITC: According to analysts present at the event, the multi-business conglomerate at its analyst meeting did not give any concrete plans for demergers and listing of businesses to unlock value, but did not rule out that they are an option for the company. Huh.
Future Retail: Amazon has warned the Competition Commission of India (CCI) that canceling its 2019 deal with Future Group would send a negative signal to foreign investors and local retail giant Reliance to “further restrict competition”, news agency Reuters reported. will be allowed.
axis Bank: The private sector lender has said it will not join peers seeking an extension to the deadline for meeting financial standards on loans under the Kamath committee framework due to pandemic-related stress.
Adani Green Energy: The company has entered into an agreement with Solar Energy Corporation of India (SECI) for supply of 4667 MW of green energy. According to a company statement, this is the world’s largest ever Green Power Purchase Agreement (PPA).
NBFC: The Reserve Bank of India (RBI) has issued revised guidelines on a Prompt Corrective Action (PCA) framework for Non-Banking Financial Companies (NBFCs), excluding state-owned companies, with effect from October 1, 2022. Introduced to banks in 2002.
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