What changed for the market while you were sleeping? Top 10 things to know-
The market started the week on a cautious note with benchmark indices closing sharply lower amid weak global cues on December 24, 2018. The 30-share BSE Sensex plunged 271.92 points to 35,470.15.
The 50-share NSE Nifty closed below psychological 10,700 levels as well as 200-day moving average. The index was down 90.50 points at 10,663.50 and formed a bearish candle on the daily charts
1.Asian markets mixed, Nikkei jumps 1.8%
Global stock markets were heading into the year-end under a heavy cloud after another rout this week as US political uncertainty added to heightened concerns over slowing global economic momentum.
2. SGX Nifty
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 25 points or 0.24 percent. Nifty futures were trading around 10,639-level on the Singaporean Exchange.
3.US govt shutdown to last until agreement on border wall: Trump
US President Donald Trump on Tuesday said the partial shutdown of the federal government was going to last until his demand for funds to build a wall on the US-Mexico border is met.
4.Oil prices sink 6% as economic slowdown fears grip market
Oil prices plunged more than 6 percent to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market.
5. NCLT helps recover Rs 80K cr in 2018; kitty may cross Rs 1-lakh cr in 2019
Tasked with a key job of helping recover unpaid corporate loans, the NCLT has helped resolve insolvency and bankruptcy proceedings involving more than Rs 80,000 crore in the year passing-by and the kitty is expected to swell beyond Rs 1 lakh crore in 2019 with several big-ticket default cases pending
6.India becomes world’s 7th largest stock market by mcap
India’s healthy economic growth has helped its stock market become the seventh largest market by size, with a market capitalisation (mcap) of $2.08 trillion.
7.Gold ETFs lose sheen, investors withdraw Rs 280 cr in Apr-Nov period
Gold exchange-traded funds (ETFs) continue to lose steam, with investors pulling out Rs 280 crore during the April-November period of the current fiscal, preferring to invest in equities despite volatile markets.
8. SEBI may probe auditors for role in IL&FS crisis: Sources
A decade since the Satyam scam unfolded, a development that resulted in serious consequences for its auditor PricewaterhouseCoopers (PwC), the remaining three of the famous Big 4 accounting firms quartet could find themselves in trouble, this time for the IL&FS crisis.
9. Shriram Properties files IPO papers with SEBI
Real estate firm Shriram Properties has filed draft papers with markets regulator SEBI for an initial public offer, through which it aims to raise up to Rs 1,250 crore, sources said.
10. 2 stocks under ban period on NSE
Securities in ban period for the next day’s trade under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
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