News
     

Stocks likely to open in red
15-Mar-18   08:15 Hrs IST

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 32 points at the opening bell.

Overseas, Asian markets were trading lower after the decline on Wall Street overnight amid concerns over heightened trade tensions. US stocks fell yesterday, 14 March 2018 after lackluster retail sales figures fanned concern that consumer spending is cooling.

Back home, key benchmark indices logged small losses in volatile session of trade yesterday, 14 March 2018 amid divergent trend in index pivotals. The barometer index, the S&P BSE Sensex, fell 21.04 points or 0.06% to settle at 33,835.74. The Nifty 50 index declined 15.95 points or 0.15% to settle at 10,410.90.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 258.98 crore yesterday, 14 March 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 432.03 crore yesterday, 14 March 2018, as per provisional data.

Among corporate news, Wipro announced a strategic partnership with Trintech to deliver digital solutions that help simplify and automate business finance functions at enterprises. Trintech is a leading global provider of integrated, cloud-based Record to Report (R2R) finance software solutions for the office of finance. The announcement was made after market hours yesterday, 14 March 2018.

ICICI Bank informed that the IPO of its subsidiary, ICICI Securities, will open for subscription on 22 March 2018 and shall close on 26 March 2018. The price band for the IPO has been fixed at Rs 519 to Rs 520 per share. The announcement was made after market hours yesterday, 14 March 2018.

IT major Infosys announced that it will open its next technology and innovation hub in Hartford, Connecticut and hire 1,000 American workers in the state by 2022. The Connecticut Technology and Innovation Hub will have a special focus on insurance, healthcare and manufacturing. It will bring Infosys closer to its Connecticut clients and serve as the global hub for Infosys' InsurTech and HealthTech efforts. The announcement was made after market hours yesterday, 14 March 2018.

Infosys' investment in Connecticut is a continuation of the company's commitment to accelerate innovation for American enterprise by amplifying top local talent with the best global talent and shrink the IT skills gap in the marketplace.

Powered by Capital Market - Live News