Stocks in News Today, November 28: Sensex and Nifty are likely to open in red on Monday i.e. November 28 as SGX Nifty - which is traded on the Singapore stock exchange - traded 90 points, or 0.48 per cent, lower at 18,571 in the early trade. This signals that Dalal Street may be headed for a negative start after it settled at record highs for the second day in a row on Friday. 

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Asian-Pacific markets are also hinting towards a negative start as most markets traded in red in early trade. While Japan's Nikkei 225 was down by over 211.20 points or 0.75 per cent, South Korea’s Kospi fell over 28.25 points or 1.16 per cent. The Hang Seng index in Hong Kong too traded in red and slumped by over 600 points or 3.45 per cent.

Similarly, Dow 30 Futures and S&P Futures were down by over 178 points and 26 points respectively. 

Stocks in News Today, November 28

Paytm: The Reserve Bank of India (RBI) has refused to grant Paytm Payments Services (PPSL) a payment aggregator license. The company can now resubmit the application within 120 calendar days for the payment aggregator services. Ahead of that, the company will seek necessary approval for past downward investment from OCL into PPSL, to comply with FDI Guidelines. 

Zomato: Online food delivery platform Zomato is likely to be benefited from the decision of Amazon, which has decided to shut down its food delivery business in India at the end of the year. The move has come amidst the company’s announcement to layoff around 10,000 people around the world.

Auto Stocks (Tata Motors, Maruti): Stocks of auto manufacturing companies like Tata Motors and Maruti will be in news today as Union Transport Minister Nitin Gadkari on Friday said that all government-owned vehicles that have completed 15 years will be scrapped. The government of India has sent a policy to that effect to all state governments.

Can Fin Homes: The board of directors of the housing company will today meet to consider a proposal for payment of an interim dividend for the financial year 2022-23. The company, in an exchange filing, said that the board will also fix the record date for the dividend, if any.

Indian Energy Exchange: IEX, a mid-cap company, will buyback shares at Rs 200 apiece. The board of directors has approved the decision. “Approved the proposal of Buyback of fully paid-up equity shares having a face value of Re. 1/- (Rupee One only) each of the Company at a price not exceeding Rs. 200/- (Rupees Two Hundred only) per equity share (“Maximum Buyback Price") and for an aggregate amount not exceeding Rs. 98,00,00,000/- (Rupees Ninety-Eight Crores only) (“Maximum Buyback Size"), from the shareholders of the Company (other than the promoters, the promoters group and persons in control of the Company) payable in cash via “Open Market" route through the stock exchange mechanism which is less than 15% of the aggregate of the total paid-up share capital and free reserves of the Company, based on the latest audited standalone and consolidated financial statements of the Company as on March 31, 2022, in accordance with the provisions under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 (“Buyback Regulations"), as amended and the Companies Act, 2013, as amended, and other applicable provisions (the process hereinafter referred to as the “Buyback")," the company said in an exchange filing. 

Here MotoCorp: Hero MotoCorp, the world's largest two-wheeler maker by sales, said on Friday it would increase the prices of its motorcycles and scooters from December 01 by up to Rs 1,500 due to costs related to inflation

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