IGI Logo

Market Updates

The Markets are expected to open higher today as trend in GIFT nifty indicate a positive start for the broader index after Nifty closed 418 points higher at 20,686 on monday.

HCL Technologies:

The company is in talks with State Street Corp. to sell its entire 49% equity stake in joint venture State Street HCL Services for $170 million or around Rs 1,417 crore. The amount will be in addition to the JV's net book value.

Coal India:

The coal ministry projects total income for the company at Rs 1.41 lakh crore for FY24.

ONGC:

The company will start oil production from KG Block in May, a government minister said.

Hindustan Construction:

The company's Swiss unit, Steiner AG, will divest its entire stake in Steiner Construction SA for Rs 928 crore.

JSW Infrastructure:

The company's wholly owned subsidiary, JSW Dharmatar Port Pvt., has entered into a share purchase agreement to acquire over 50% of PNP Maritime Services Pvt. for Rs 270 crore.

Mahindra & Mahindra Financial Services:

Estimated overall disbursement at approximately Rs 5,300 crore in November, delivering 16% growth over the previous year.

Thomas Cook (India):

The company's promoter entity, Fairbridge Capital (Mauritius) Ltd., reduced its 8.5% stake in the company via an offer for sale.

Bajaj Group:

The market capitalisation of Bajaj Group crossed the Rs 10 lakh crore mark on Monday, driven mostly by gains in Bajaj Auto and Maharashtra Scooters.

Brigade Enterprises:

Brigade Group signed a joint development agreement to develop luxury residences of around 0.4 million sq. ft. in Mysuru, with a gross development value of Rs 300 crores.

Gulshan Polyols:

The company received an order worth Rs 572 crore to supply ethanol to OMC. The company will supply 89,404 KL of ethanol to BPCL, IOCL, and HPCL.

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM000012740