Don’t miss the latest developments in business and finance.

Market may extend Thursday's losses on weak Asian stocks

Image
Capital Market
Last Updated : Jun 21 2013 | 10:05 AM IST

The market may extend Thursday's sharp losses on weak Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 36.50 points at the opening bell. Asian stocks fell for the second day in a row on Friday, 21 June 2013, after worries that the Federal Reserve would taper its bond purchases slammed commodities and US shares.

Cipla after market hours on Thursday, 20 June 2013, said that it has received approvals from the South African and Botswana competition authorities for the acquisition of the entire share capital of Cipla Medpro South Africa (Medpro) either by Cipla or through its nominated subsidiary. The implementation of the scheme is still subject to various other approvals and conditions, including regulatory and government approvals, Cipla said.

Infosys announced after market hours on Thursday, 20 June 2013, that it has joined Open Data Center Alliance (ODCA) as a contributing member. Infosys will contribute its proven expertise in cloud and big data to ODCA's mission of developing a unified vision for an enterprise's cloud and big data requirements based on open, interoperable standards. Infosys will contribute to working groups that will focus on strengthening industry standards in areas like interoperability, manageability, businesses processes and governance.

Dabur India turns ex-dividend today, 21 June 2013, for final dividend of 85 paise per share for the year ended 31 March 2013.

Shriram Transport Finance Company turns ex-dividend today, 21 June 2013, for final dividend of Rs 4 per share for the year ended 31 March 2013.

Vijaya Bank turns ex-dividend today, 21 June 2013, for dividend of Rs 2.50 per share for the year ended 31 March 2013

More From This Section

Key benchmark indices slumped on Thursday, 20 June 2013, as world stocks dropped after the Federal Reserve signaled that it may reduce the amount of monetary stimulus it provides as early as this year. Concerns about the health of the Chinese economy also weighed on sentiment in global markets on Thursday after a survey showed further slowdown in China's manufacturing sector this month. The S&P BSE Sensex lost 526.41 points or 2.74% to 18,719.29 on that day, its lowest closing level since 15 April 2013.

Foreign institutional investors (FIIs) sold shares worth a net Rs 2094.06 crore on Thursday, 20 June 2013, as per provisional data from the stock exchanges.

Asian stocks fell for the second day in a row on Friday, 21 June 2013, after the US Federal Reserve signaled it may soon downsize bond purchases under its quantitative-easing program. Key benchmark indices in China, Hong Kong, Indonesia, Japan, Singapore, Taiwan and South Korea fell by 0.12% to 2.48%.

US stocks tumbled on Thursday hit by fear that the Federal Reserve will scale back its bond buying later this year.

Federal Reserve Chairman Ben Bernanke said on June 19 the central bank may start dialing down its stimulus effort if the economy achieves sustainable growth

Powered by Capital Market - Live News

Also Read

First Published: Jun 21 2013 | 8:34 AM IST

Next Story