The market is likely to open lower on negative global cues. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could slide 32 points at the opening bell.
In overseas markets, Asian markets were trading lower dragged down by metal shares following a rout in industrial metals. US markets closed marginally lower yesterday, 23 November 2015 amid heightened expectations that the US Federal Reserve might raise interest rates next month.
Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 35.37 crore yesterday, 23 November 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 90.28 crore yesterday, 23 November 2015, as per provisional data.
Infosys announced after market hours yesterday, 23 November 2015, that its product subsidiary, Infosys Finacle, launched a new offering 'Finacle as a managed service on Oracle Cloud'. This offering will enable banks globally to leverage Finacle's industry-leading solution suite, along with other enterprise-class applications hosted on premise or in an external environment, to gain agility and cost efficiencies, Infosys said in a statement. With this offering, Finacle becomes one of the first comprehensive banking platforms to be available as a managed service on Oracle Compute Cloud, Infosys said.
Sun Pharmaceutical Industries (Sun Pharma) after market hours yesterday, 23 November 2015 said that it has made payment of interest on and redemption amount pertaining to 5,000 secured rated redeemable non-convertible debentures (NCD) of the face value of Rs 10 lakh each aggregating to Rs 500 crore (listed on National Stock Exchange of India), on 23 November 2015 to the NCD holders of the company whose names stand registered on the Register of beneficial owners maintained by depositories in respect of the NCDs held in electronic form on 10 November 2015.
Key benchmark indices ended volatile trading session with small losses yesterday, 23 November 2015. The Sensex fell 49.15 points or 0.19% to settle at 25,819.34, its lowest closing level since 18 November 2015.
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