Stock Market Today: With a gain of 36 points, or 0.17 percent, at 21,616 on the NSE IX, GIFT Nifty indicated that Dalal Street was off to a good start on Thursday. On the daily chart, the Nifty finished the day 148 points lower, forming a long negative candle that was on the verge of breaking below the 10-day EMA’s immediate support. Due to fluctuations in the price of crude oil and the withdrawal of foreign funds, the rupee remained range-bound and ended the day 2 paise higher at 83.30 against the US dollar on Wednesday. The benchmark 30-share BSE Sensex fell 536 points, or 0.75%, to end at 71,356. The overall NSE Nifty finished at 21,517, down 148 points or 0.69%.
Stock Market Today: Stocks in focus
Jio Financial Services
In order to begin operating mutual fund businesses in India, the joint venture between Jio Financial and BlackRock Financial Management has submitted paperwork to the Securities and Exchange Board of India (Sebi). According to a Sebi update on the approval status of mutual funds as of December 31, 2023, Jio Financial Services and BlackRock Financial Management are two of the applicants for mutual fund licences that are being evaluated.
InterGlobe Aviation
Days after a worm was discovered in a sandwich served on a flight, the food safety regulator FSSAI issued a show-cause notice to the promoter of IndiGo, the biggest airline in the nation, for serving unsafe food to a passenger. The airline announced on Wednesday that it had received the show cause notice and would react in accordance with protocol. On December 29, on flight 6E 6107 from Delhi to Mumbai, an incident occurred.
Adani Ports
A public offering of non-convertible debentures with a maximum value of Rs 5,000 crore has been approved by the board of directors of Adani Ports and Special Economic Zone Limited (APSEZ), the company announced on Wednesday. According to the company’s notification to the exchange houses, these debentures, which have a face value of Rs 1,000 each, will be issued in one or more tranches. Furthermore, the business promoted CEO Karan Adani to the position of Managing Director, a post previously held by Gautam Adani, the Chairman of the Adani Group.
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