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Market Updates

The Markets are expected to open marginally higher today as trend in GIFT nifty indicate a positive start for the broader index after Nifty closed 36 points lower at 20,901 on Thursday.

UPL:

The company incorporated a step?down subsidiary, Advanta Seeds Zambia, in Zambia for carrying out seeds and related business.

Jindal Saw:

The board will consider fundraising at a meeting on Dec. 14.

TVS Electronics:

The company received an order from the office of the Commissioner of Customs on Dec. 6 to pay Rs 35.58 crore. It is the process of filing an appeal before the CESTAT, Chennai.

Green Panel:

The company resumed operations at its Andhra Pradesh factory w.e.f. Dec. 6 It estimates a loss caused by Cyclone Michaung of Rs 3 5 crore

Shriram Finance:

The company signed an agreement with SIDBI for co?lending to MSMEs.

Olectra Greentech:

The company received a letter of award from Vasai Virar City Municipal Corp., Mumbai for the supply and maintenance of 40 electric buses.

Rate sensitive stocks:

The RBI will announce the decision at its Monetary Policy Committee meeting on Friday. Banking and finance, auto, housing and real estate stocks will be in focus.

IIFL Securities:

The Securities Appellate Tribunal has set aside SEBI’s order prohibiting the company from onboarding new clients for two years and reduced the monetary penalty from Rs 1 crore to Rs 20 lakh.

Zomato:

Softbank's SVK Growth plans to sell a 1.1% stake in the food delivery company at Rs 120.5 apiece, Bloomberg reported.

Bharat Forge:

The company's unit, Kalyani Strategic Systems, proposed to acquire a majority stake in Zorya Mashproekt India. ZMI is engaged in the development of indigenous capabilities for build?ups, repairs, and overhauls of all types of gas turbine engines.

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