Share Market News Today Updates, 28 November 2022: Trends on SGX Nifty indicated a lower opening for the domestic markets. Share Market Updates Today: Indian equity benchmarks are expected to open on a lower note today amid weak cues from the global markets. Asian shares plunged as investor sentiment took a hit due to protests in major Chinese cities against the country's strict zero-Covid policy. Japan's Nikkei index fell 0.70 per cent, South Korea's KOSPI moved 1.08 per cent lower, the Shanghai Composite index slipped 1.15 per cent and Hong Kong's Hang Seng Index slumped 2.59 per cent. Overnight, all three major US stock indexes settled higher. Back home, foreign institutional investors bought a net Rs 369 crore worth of equities on Friday, while domestic investors sold a net Rs 296 crore worth of shares, as per provisional NSE data.
Here are the share market Live Updates:
One can expect the pair to confine its strength below the 81.80-82.20 zone and chase 81.00 to 80.50 levels over the short to medium term.
Siemens: Life Insurance Corporation (LIC) cut its stake in the company from 5.17 per cent to 3.13 per cent.
DCM: LIC reduced its stake in the company from 6.295 per cent to 4.21 per cent.
One 97 Communications (Paytm): The Reserve Bank of India (RBI) declined a payment aggregator licence for the company and asked it to reapply within 120 days after meeting certain conditions.
Hero MotoCorp: The bikemaker will increase the prices of its motorcycles and scooters by Rs 1,500 rupees from December 1 due to costs related to inflation.
Larsen & Toubro Financial Holdings: The company completed divestment of its mutual fund business to HSBC Asset Management (India) and received Rs 3,484 crore. The company also realised surplus cash balance of Rs 765 crore in L&T Investment Management.
VA Tech Wabag: The company signed an agreement with Asian Development Bank (ADB) towards raising Rs 200 crore through unlisted non-convertible debentures.
No stock is in F&O (Futures and Options) ban period today. Stocks are placed under F&O ban when the derivative contracts in their securities cross 95 per cent of the market-wide position limit.
Foreign institutional investors (FIIs) bought Rs 369.08 crore worth of shares, while domestic institutional investors (DIIs) sold Rs 295.92 crore worth of shares on November 25, provisional NSE data showed.
Trends on SGX Nifty indicated a lower opening for the domestic markets. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures fell 79 points or 0.42 per cent to trade at 18,582.
The benchmark BSE Sensex had edged 21 points or 0.03 per cent higher to close at 62,294, while broader NSE Nifty has moved 29 points or 0.15 per cent higher to settle at 18,513.
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