The Indian market is likely to open higher today as the SGX Nifty fell by 106 points to 17,055. Since the beginning of the year, the Sensex has gained 18.84% and increased 25.88% in a single year. The ongoing correction and volatility in Indian equities has made benchmark indices negative on a monthly basis. In the last month, Sensex lost 5.53% or 3,320 points, while Nifty is down 5.61% or 1,004 points.
The number of positive cases of Omicron variant in India rose to 21 on Monday, as benchmark indices ended the session on a negative note. Sensex ended 949 points lower at 56,747 and Nifty closed 284 points lower at 16,912. HDFC, HDFC Bank, Bajaj Auto and Tata Steel were among the top Sensex losers, falling to 0.40%.
Here's a look at stocks that are likely to remain in news today.
PNB: Punjab National Bank PNB plans to raise up to 2,000 crore through additional tier I AT 1 bonds on Tuesday.
Muthoot Finance: Muthoot Microfin, an arm of Muthoot Pappachan Group, has received about 375 crore as equity capital from the institutional investor Greater Pacific Capital to back its business growth plans.
Godrej Properties: The realty firm has formed a joint venture JV with the TDI group to develop an ultra-luxury residential project in Connaught Place CP, one of the most premium locations in the central business district of New Delhi.
InterGlobe Aviation Promoters of IndiGo have called for an extraordinary general meeting EGM on December 30 to remove a clause in the company's articles of association AoA, giving them the right of first refusal RoFR over acquisition of each other's shares. A removal of the clause will allow either side to sell or transfer shares to a third entity without giving notice to each other.
HCL Technologies plans to create 12,000 jobs in the United States in the next five years. Over the course of the next 36 months the company expects to recruit over 2,000 graduates as part of its early career and training programme.
Tata Motors: The homegrown auto major said it would raise prices of its commercial vehicles in the range of 2.5 per cent from January 1 to offset the hike in commodity and raw materials costs.
The group's hotels and industry body CII has announced a tie-up for skill development in Indian hospitality sector in collaboration with a swiss training partner.
DLF: The realty major said that its rental arm DCCDL has received the US Green Building Council's LEED zero water certification for water conservation in its commercial buildings in Gurugram, Haryana. DLF Cyber City Developers DCCDL is a joint venture between DLF and the investment firm GIC.
Ashok Leyland: The financial services firm has partnered with Bank of Baroda for financing of vehicles. The Memorandum of Understanding MoU was signed by the Bank of Baroda with the Bank of Baroda in order to ink a strategic financing partnership for a period of three years.
Rain Industries: Pabrai Investment Funds has purchased 2.05 per cent of the company through open market transactions, raising the shareholding to 8 per cent from 5.95 per cent earlier in the day.
The Ujjivan Small Finance Bank has appointed Ittira Davis as its managing director and chief executive officer for three years.
The IL&FS Transportation Networks: The company engaged in the construction of roads and highways has inked a share purchase agreement with Axis Trustee Services for the sale of equity shares held in Moradabad Bareilly Expressway for initial consideration of Rs 373.58 crore.
Suryalakshmi Cotton Mills: Credit rating agency ICRA has raised its long-term rating to 'BBB - from A 4 and also upgraded the short-term rating to A 3 from 'rating watch. The ratings have been removed from 'rating watch with negative implications' and stable outlook assigned on the long-term rating and short-term credit rating.