Stock Market Today: On the NSE IX, the Gift Nifty increased by 10 points, or 0.05 percent, to 21,081.50, indicating that Dalal Street would likely have a quiet start to the day. On the daily chart, Nifty’s closing 91 points lower on Tuesday created a bearish engulfing pattern that raised the prospect of a bearish reversal. As investors awaited the Federal Reserve’s final policy decision of the year on Wednesday, U.S. stocks closed at new highs of the year on Tuesday. Inflation data had little effect on opinions regarding when the central bank should cut interest rates.
Stock Market Today: Stocks in focus
Reliance Industries
Following regulatory approval, the company invested a total of Rs 418 crore in each of the five Indian wholly-owned subsidiaries of Mercury Holdings SG Pte. Ltd., a joint venture between Digital Realty and Brookfield Infrastructure, held through Mercury India SG FDI Pte. Ltd.
Laurus Synthesis
The US FDA inspected Laurus Synthesis Private Limited (LSPL), a fully owned subsidiary of Laurus Labs, for the manufacturing facility located in Parawada, Anakapalli, close to Visakhapatnam, Andhra Pradesh. The inspection took place between December 4, 2023, and December 12, 2023, according to a regulatory filing from the company. Five observations are included in the Form 483 that we have received, and the company will respond to these within the allotted time frames.
Adani Ports
The largest private port operator in India, Adani Ports & Special Economic Zone (APSEZ), got board approval on Tuesday to raise up to Rs 5,250 crore by issuing bonds and preference shares. On a private placement basis, the Adani Group company would issue non-convertible debentures (NCDs) up to Rs 5,000 crore in one or more tranches. APSEZ stated in a stock exchange update that the company plans to use the money for capex, refinancing its current debt, and general corporate purposes.
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