In overnight trade, the S&P 500 and Dow Jones closed higher as an expected stimulus deal and falling jobless claims prompted investors to bet on economic recovery. However, the tech-heavy Nasdaq ended slightly lower. Dow Jones Industrial Average rose 0.38 per cent, the S&P 500 gained 0.07 per cent and the Nasdaq Composite dropped 0.29 per cent. A raft of mixed US economic data showed lower jobless claims and an uptick in new orders for durable goods, but also a pullback in consumer spending. Britain and the European Union appeared close to clinching a long-elusive trade agreement, raising hopes that they were now set to avoid a turbulent economic rupture on New Year’s Day. According to a media report, the announcement of UK-EU trade deal is expected Thursday morning.
SGX Nifty Futures hinted at a possible gap-up start for the Indian equity indices on Thursday. Here are the top stocks to track in today s session:
Mrs Bectors: Mrs Bectors Food shares will debut at the stock bourses today. The IPO with 198 times bid is the most subscribed issue of CY 2020.
DTH service providers: The stocks of DTH service providers such as Dish TV, Hathaway Cables, Den Networks will be in focus today after the Union Cabinet approved changes to the guidelines for providing Direct to Home (DTH) services to bring it in line with the existing policy that allows 100 per cent FDI in the DTH broadcasting services sector. It also said that licences will now be issued for 20 years with a renewal provision after every 10 years.
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