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InterGlobe shares up 2.55% as Nifty gains

Updated at : 2022-12-07 10:20:03

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A total of 19,998 shares changed hands on the counter till 10:10AM (IST).

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Amid a rising interest rate cycle and depreciating rupee, FIIs have been net sellers of Indian equities to the tune of Rs 1.25 lakh crore in 2022. December could be the fourth month of positive inflows but it could depend a lot on the outcome of the US Fed meeting on December 14.

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Demand for coins and bars in the first nine months of 2022 at 117.1 tonnes was 8.83% higher from a year earlier. "The volatility in gold prices will continue till January," said Suvankar Sen, MD of Kolkata-based Senco Gold & Diamonds.

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Daiichi is seeking an audit of the dilution of FHL shareholding, alleged violation of undertakings and assurance by the former FHL promoters, the transaction between FHL and IHH, and an alleged clandestine transfer of ₹4,666 crore to RHT Singapore.

The U.S. central bank last month raised rates by 75 basis points during its fourth consecutive meeting to 3.75%-4%, but it also signaled hopes to shift to smaller hikes as soon at its next meeting.

UK-headquartered investment firm and promoter abrdn Investment Management plans to sell its entire 10.21% stake in the HDFC AMC via block deal and will cease to be a co-sponsor of the company.

Most of the 11 major S&P sectors declined, with energy and communications services joining technology as leading laggards. Utilities, a defensive sector often preferred during times of economic uncertainty, was the only exception, gaining 0.7%.

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The U.S. trade deficit widened sharply in October as slowing global demand and a strong dollar pushed goods exports to a seven-month low, suggesting that trade could be a drag on economic growth this quarter if the trend persists.

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The retailer of premium vehicles of automakers Mercedes Benz, Volkswagen, Honda and Fiat Chrysler in India is targeting notional revenue of more than Rs 7,000 crore in FY24, which would translate into a profit of Rs 150-170 crore, the people cited earlier told ET.

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There will be multiple rounds of bidding among resolution applicants until the highest bidder is identified. The highest offer of ₹5,231 crore from Piramal Enterprises-Cosmea Financial Holdings team for Reliance Capital and its units will be the base bid for the e-auction.

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