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Thursday 24 November 2022

In News

In News


Keystone Realtors: The real estate development company under 'Rustomjee' brand will debut on the BSE and NSE on November 24. The issue price has been fixed at Rs 541 per share.


IIFL Wealth Management: Investor General Atlantic Singapore Fund Pte Ltd sold 15.12 percent stake in the company via off market transactions on November 22. With this, General Atlantic's shareholding in the company reduced to 5.84 percent, from 20.96 percent earlier.


HEG: Life Insurance Corporation of India offloaded more than 2 percent equity stake or 7.76 lakh shares in HEG via open market transactions. With this, LIC reduced its shareholding in the company to 4.84 percent, from 6.85 percent earlier.


Mahindra & Mahindra Financial Services: Life Insurance Corporation of India bought additional 2.01 percent shares in M&M Financial Services via open market transactions, increasing the shareholding to 7.02 percent from 5.01 percent earlier.


Can Fin Homes: The company said its board of directors will hold a meeting to consider a proposal for payment of 'interim dividend' for FY23, on November 28. They will also fix record date for payment of interim dividend, if any.


HG Infra Engineering: The company has received a letter from Adani Road Transport regarding declaration of appointed date as November 3, by Authority for project in Uttar Pradesh. The company will execute civil and associated works on engineering procurement & construction basis for development of an access-controlled six lane road project in Uttar Pradesh on DBFOT (toll) basis under PPP. The project will be completed within 820 days from appointed date.

Key Events

Key events this week:


S&P Global PMIs: US, Wednesday

University of Michigan sentiment, Wednesday

Minutes of the Federal Reserve’s Nov. 1-2 meeting, Wednesday

ECB publishes account of its October policy meeting, Thursday

US stock and bond markets are closed for the Thanksgiving holiday, Thursday

US stock and bond markets close early, Friday


Some of the main moves in markets:


Stocks

The S&P 500 rose 0.5% as of 2:06 p.m. New York time

The Nasdaq 100 rose 0.9%

The Dow Jones Industrial Average rose 0.3%

The MSCI World index rose 1.1%


Currencies

The Bloomberg Dollar Spot Index fell 0.7%

The euro rose 0.8% to $1.0391

The British pound rose 1.4% to $1.2055

The Japanese yen rose 1.1% to 139.61 per dollar


Cryptocurrencies

Bitcoin rose 3% to $16,618.68

Ether rose 4.6% to $1,181.12


Bonds

The yield on 10-year Treasuries declined four basis points to 3.71%

Germany’s 10-year yield declined five basis points to 1.93%

Britain’s 10-year yield declined 13 basis points to 3.01%


Commodities

West Texas Intermediate crude fell 4.3% to $77.44 a barrel

Gold futures rose 0.3% to $1,759.50 an ounce.

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