Stock Market Live on Friday, June 14, 2024: Indian shares are off to a flat start on Friday, tracking negative global peers. The GIFT Nifty futures also exhibited a flat to positive trend, trading 22 points higher than the Nifty50 futures at 23,421 levels. Markets in Asia-Pacific largely stayed in the red zone ahead of the Bank of Japan’s rate cut decision that is due today.
In the Asian market, Japan’s Nikkei 225 slipped 0.31 percent higher, while the wider Topix index traded flat, down 0.03 percent.
South Korea’s Kospi fell 0.1 percent, while the small-cap Kosdaq index down 0.91%.
However, Australia’s S&P/ASX 200 fell 0.37 percent. Meanwhile, Hong Kong’s Hang Seng index futures fell by 0.47 percent.
Overnight on Wall Street, S&P 500 futures and Nasdaq 100 both set new closing records, increasing 0.23 percent and 0.34 percent, respectively.
However, Dow Jones Industrial Average futures declined by 0.17 percent.
Stocks to watch:
Ambuja Cement: Acquiring 100 per cent ownership of Penna Cement Industries comes at an enterprise value of Rs 10,422 crore.
LIC: The company increased its shareholding in Dr Reddy’s Laboratories from 4.95 per cent to 5.01 per cent.
Vodafone Idea has won board approval to fund Rs 2,458 crore through preferential share offering. The capital infusion intends to reduce the company’s debt burden, support 4G network expansion, and kickstart 5G service deployment.
Puravankara: The board gives preliminary clearance to raise up to Rs 1,000 crore through a Qualified Institutional Placement (QIP).