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Nifty futures on the Singapore Exchange traded 106 points, or 0.69 per cent, kiwer at 15,222 in signs that Dalal Street was headed for a gap-down start on Wednesday. Here are a few stocks which may buzz the most in today s trade:
Adani Ports and SEZ: The company said it has completed the acquisition of Dighi Port for Rs 705 crore and would invest over Rs 10,000 crore in developing it as an alternate gateway to JNPT.
FRL: The Securities Appellate Tribunal (SAT) has stayed an order passed by market regulator SEBI that had banned Future Retail Chairperson Kishore Biyani and some other promoters from the securities market for one year for alleged insider trading.
Read more about Market drifts lower on negative Asian stocks on Business Standard. Key benchmark indices are trading lower in early trade on negative Asian stocks. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 184.03 points or 0.35% at 51,920.14. The Nifty 50 index was down 46.65 points or 0.3% at 15,266.80.
Infosys US Subsidiary Buys Underwriting Platform from STEP Solutions; Stock Edges Lower Infosys US Subsidiary Buys Underwriting Platform from STEP Solutions; Stock Edges Lower The powerful rule-driven new business and automated underwriting platform from STEP will help Infosys McCamish in enhancing its industry-leading VPAS policy administration platform, Infosys said
Updated: February 17, 2021 10:22 am IST
At 10:10 am, the shares of Infosys had edged lower by 0.4 per cent to Rs 1,283.90
Infosys McCamish Systems, a US-based subsidiary of Infosys BPM, has bought the business and underwriting platform from STEP Solutions Group. STEP Solutions Group LLC is an affiliate of the Dillon Kane Group LLC based in Chicago. The financial details of the transaction have not been disclosed.
The Securities Appellate Tribunal has stayed an order passed by market regulator SEBI that had banned Future Retail Chairperson Kishore Biyani and some other promoters from the securities market for one year for alleged insider trading.
Sensex, Nifty likely to open lower
February 17, 2021
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Stocks likely to witness some action: APSEZ, Ashok Leyland, Heritage Foods, InterGlobe Aviation, Infosys, KEC International, L&T Finance Holdings, Muthoot Finance, Page Industries and, TVS Srichakra Global cues and SGX Nifty index signal that domestic markets are likely to open in negative territory with at least 0.75 per cent down. The SGX Nifty, which currently rules at 15,240 at Singapore Stock Exchange, indicates an almost 100-point gap-down for Nifty50 index futures, which on Tuesday closed at 15,330.
Markets across Asia-Pacific region are also ruling in red, with benchmarks of Japan, Hong Kong, Australia, the Philippines and Korea declining between 0.5 and 1.5 per cent.