Stock Market Today: GIFT Nifty indicates a bullish start; Adani Ports, Reliance in focus

Stock Market Today: The Nifty was up 32.40 points, or 0.15 percent, at 21,381.80, while the Sensex was up 122.47 points, or 0.17 percent, at 71,229.43. Pre-opening session trading for benchmark indices is firm. In contrast to its close on Friday of 83.15, the Indian rupee opened Tuesday at 83.15 per dollar. Amidst signs of cooling inflation in the world's largest economy, which will probably allow the Federal Reserve to ease interest rates next year, the dollar was struggling to find a floor on Tuesday in trade that was slack due to the holidays. The dollar index last stood at 101.65, having dropped to a five-month low of 101.42 last week.

Stock Market Today: Stocks in focus

Adani Power

A non-binding term sheet to combine their Indian media businesses was signed by Walt Disney and Reliance Industries. Through the merger, Disney would own the remaining 49% of the company, giving Mukesh Ambani's Reliance group more authority. Reliance would own 51% of the company through a combination of shares and cash. Disney and Reliance did not immediately reply to requests for comment from Reuters.

Infosys

The global company has decided not to pursue the Master Agreement and to end the Memorandum of Understanding with Infosys. By utilising Infosys platforms and AI solutions, Infosys was intended to offer improved digital experiences in addition to modernisation and business operations services. An estimated $1.5 billion was spent on the client target over a 15-year period.

Reliance Industries

A non-binding term sheet to combine their Indian media businesses was signed by Walt Disney and Reliance Industries. Through the merger, Disney would own the remaining 49% of the company, giving Mukesh Ambani's Reliance group more authority. Reliance would own 51% of the company through a combination of shares and cash. Disney and Reliance did not immediately reply to requests for comment from Reuters.

Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER