Following lukewarm signals from across the world, the SGX Nifty pointed to a gloomy beginning for markets on Wednesday. At 7:40 in the morning, the level was unchanged at 18,864 points.
The US markets fell for a second day in a row overnight, with the Dow Jones, the S&P 500, and the NASDAQ Composite all seeing losses of up to 0.7 percent. This led to a general decline in market sentiment throughout the world.
In early trading on Wednesday, the markets throughout Asia and the Pacific followed a pattern that was similar to that seen elsewhere. Up to one percent of losses were seen across the board for the S&P 200, Kospi, Hang Seng, and Shanghai Composite indexes.
In the meantime, here are some of the most important stocks to keep an eye on during trading on Wednesday:
Employees of Coal India will be able to participate in an offer-for-sale (OFS) beginning on Wednesday, June 21, and continuing through Friday, June 23, 2023. At a price of Rs 226.10 per share, the government of India plans to sell up to 92.44 lakh shares of Coal India, which corresponds to a holding of 0.15 percent in the company.
Shriram Finance: Following the sale of a share in Shriram Finance by a prominent private equity firm located in the United States, Piramal Enterprises intends to sell its whole 8.34 percent ownership in the business on Wednesday, June 21, via the use of block transactions.
Lupin: The company’s corporate social responsibility (CSR) arm, the Lupin Human Welfare and Research Foundation, has struck a deal with the government of Maharashtra to treat cardiovascular ailments and chronic obstructive pulmonary disease in Palghar, Maharashtra.
Pidilite Industries: The business has announced the introduction of two state-of-the-art production facilities in Amod, Gujarat. These facilities will be operated under the auspices of its two joint ventures, Pidilite Litokol (PLPL) and Tenax Pidilite (TPPL).
The Competition Commission of India (CCI) has given its approval for HDFC to grow its interest in HDFC Life to more than fifty percent of the company’s total ownership. Previously, the Reserve Bank of India (RBI) had granted permission for HDFC to transfer their shareholdings in HDFC Life.
GR Infraprojects has been given a letter of award (LoA) by the National Highways Authority of India (NHAI) for the four-lane construction of National Highway 530B in Uttar Pradesh (from Kasganj Bypass End to Chandan Nagar) at an estimated cost of Rs 1,085 crore.
The board of directors of IDFC First Bank gave its consent for Madhivanan Balakrishnan to be appointed to the positions of Whole-time Director (Additional Director), ‘Executive Director and Chief Operating Officer,’ and Key Managerial Personnel of the bank for a period of three years, pending the approval of the shareholders. This appointment is subject to shareholder approval.
Som Distilleries has announced that they have achieved an 18.4 percent market share in Odisha as of June 2023. This places them in the position of being the state’s second-biggest business in terms of market share. The company’s goal is to continue growing its presence in the state over the next few years.
Bajaj Consumer Care: The firm has introduced a new product to the domestic market for hair care called Bajaj 100% Pure Henna. This product is targeted at the local market.
Landmark Cars has made public their announcement that they have completed a related party transaction in order to incorporate a wholly owned subsidiary that will be known as “Aeromark Cars.” Although Aeromark Cars has not yet begun operations, the company plans to engage in sales, after-sales service, and associated businesses in the future.
The CMS Information System: The company that managed the Punjab National Bank’s (PNB) automated teller machines (ATMs) had them dispersed across 526 cities and towns in 26 different states. As a result of the successful execution of this mandate, CMS is now PNB’s biggest ATM Managed Services supplier.
Hasmukh Adhia, who is currently serving as the primary adviser to the Chief Minister of Gujarat, has been appointed to the positions of Director and Chairman of Gujarat Mineral Development with immediate effect. At this time, he serves the Bank of Baroda as the non-executive chairman of the board.
Technowire Data Science placed the order and awarded it to Vivanta Industries. It was for the installation, commissioning, integration, training, and support of a content library solution. The total value of the order was 9.2 crore rupees.
The business, Madhav Infra Projects, has been given the letter of approval necessary to begin work on constructing a railway overbridge in the Damoh district of Madhya Pradesh at a cost of Rs 37.7 crore.
