 "Lower opening seen on D-street; All eyes on US Fed")
Markets are likely to open on a lower note mirroring weakness across the Asian peers as investors fear an interest rate hike by the Fed in the month of December. Meanwhile, earnings to be posted by some of bluechips coupled with crude oil and rupee movement are likely to dictate the trend on the bourses.
STOCKS ON THE RADAR
Shares of Interglobe Aviation, the company that operates IndiGo airlines, will make their trading debut today on the bourses. Interglobe has fixed the issue price at Rs 765 per share .
Jet Airways has plans to buy 75 Boeing 737 Max 8 planes, announcing its single biggest order by volume till date.
The warning letter issued by the US Food and Drug Administration (USFDA) will impact Dr Reddy's new drug approvals.
JSW Steel’s crude steel production fell 2 per cent to 10.22 lakh tonnes in October this year.
Nestle India is likely to remain in focus after Maggi returned to shop shelves in 100 cities on Monday, five months after the instant noodles brand was pulled out of the markets over safety concerns.
Adani Kattupalli Port, a subsidiary of Adani Ports, has entered into an in-principle agreement for acquisition of Kattupalli Port in Tamil Nadu from L&T Shipbuilding (L&TSB), a subsidiary of Larsen and Toubro.
Andhra Bank on Monday offered to sell Rs 1,388 crore of bad debt to asset restructuring companies (ARCs).
Bank of India posted net loss of Rs 1,126 crore for the September 2015 quarter owing to huge provision for bad loans and employee pensions.
Central Bank of India on Monday posted 9.67 per cent increase in net profit to Rs 112.87 crore for the July-September quarter. The bank had reported Rs 102.91 crore net profit in the corresponding period last year.
Oil India Ltd posted an 11% rise in net profit for the quarter ended September on the back of lower sharing of under-recovery burden of Oil marketing Companies (OMCs).
Orchid Pharma posted a net loss of Rs 68.94 crore during the quarter ended September 30, 2015, as compared to the net profit of Rs 271.94 crore during the same quarter of previous fiscal year.
Hindustan Petroleum Corporation Limited posted a loss of Rs 320.5 crore for July-September quarter against profit of Rs 1,588 crore in preceding quarter due to inventory losses.
DLF is gearing up to kickstart commercial operations of its Rs 1000 crore Infopark project in the city from December this year.
GLOBAL MARKET
Asian shares are trading lower on prospects of an interest rate hike by the Federal Reserve in the month of December on the back of strong US jobs data indicating a strong US economy. Japan’s Nikkei, Hong Kong’s Hang Seng dropped between 0.5-1.2%. Meanwhile, China’s Shanghai Composite is ytrading flat with a positive bias.
Asian shares are trading lower on prospects of an interest rate hike by the Federal Reserve in the month of December on the back of strong US jobs data indicating a strong US economy. Japan’s Nikkei, Hong Kong’s Hang Seng dropped between 0.5-1.2%. Meanwhile, China’s Shanghai Composite is ytrading flat with a positive bias.
