Indian equities are likely to be impacted on December 19 as GIFT Nifty futures trade 245 points below Nifty50 futures at the 23,912 mark.
On Wednesday, Indian markets ended in the red. The BSE Sensex declined by 502 points or 0.62% to close at ₹80,182.20, while the Nifty50 fell 137 points or 0.56% to settle at ₹24,198.85.
Ahead of its hotel business demerger in January 2025, ITC increased its stake in Oberoi (EIH) to 16.13% and in Leela (HLV) to 8.11%. The move consolidates ITC’s hospitality holdings under the parent company following a board decision in October 2024.
State-owned Bank of Baroda has approved raising ₹10,000 crore via long-term bonds. The funds will be used for infrastructure and affordable housing projects and may be issued in multiple tranches based on market conditions during FY25 and beyond.
Asian Paints announced the resignation of 2 senior executives—Shyam Swamy, VP of Home Improvement and Retail, and Vishu Goel, AVP of Retail Sales and Marketing. The reasons for their immediate departures were not disclosed.
Lupin received US FDA approval for a generic version of HIV drug Descovy. The approval grants Lupin 180 days of shared exclusivity in the US market for its Emtricitabine and Tenofovir Alafenamide tablets.
Bengaluru-based Brigade Enterprises introduced Brigade Citrine, India’s first net-zero residential project. The project features 420 eco-friendly units located in Whitefield with a GDV of ₹500 crore. It aims to save 8,900 tankers of water annually and utilise renewable energy for common areas.
IOL Chemicals will hold a board meeting on December 27, 2024, to discuss a potential stock split of its ₹10 face value equity shares.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 19, 2024, 8:54 AM IST
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