Stock Market Today: GIFT Nifty on the NSE IX increased by 33 points, or 0.16 percent, at 20,142, indicating that Dalal Street got off to a good start on Thursday. On Wednesday, Nifty closed 207 points higher after forming a lengthy bull candle on the daily chart ahead of the November month derivative expiry. Despite lower-than-expected Chinese manufacturing figures, oil prices declined in early Asian trade on Thursday. However, investors remained cautious ahead of an OPEC+ meeting where production cuts are anticipated.
Rupee rises; Tokyo stocks opened lower
In its second day of advances, the rupee gained 2 paise to settle at 83.32 against the US dollar on Wednesday, helped by FII inflows into the capital markets and a robust surge in stocks. Following a mixed Wall Street close, Tokyo equities opened lower on Thursday as traders awaited the release of Chinese economic data later in the day.The Topix index fell 2.86 points, or 0.12 percent, to 2,361.64, while the benchmark Nikkei 225 index fell 0.15 percent, or 50.37 points, at 33,270.85 in early trading.
Stock Market Today: Stocks in focus
FSN E-Commerce Ventures
Foot Locker announced the signing of a long-term licencing arrangement with Metro Brands and Nykaa Fashion, according to FSN E-Commerce Ventures. Nykaa Fashion will run Foot Locker’s India website and act as the exclusive e-commerce partner.
ICICI Bank
The draught plan of arrangement for ICICI Securities’ equity share delisting was accepted by the board, converting ICICI Securities into a fully-owned subsidiary of the bank.
Ultratech Cement
Burnpur Cement’s 0.54 MTPA cement grinding assets were purchased by the cement maker for Rs 170 crore.
Metro Brands
The company and Foot Locker Retail, Inc. have inked a trademark licence agreement that gives the company the sole right to open and run athletic and casual footwear and apparel stores in India through brick-and-mortar locations, using the brand names “Foot Locker” and “Kids Foot Locker.”
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