Markets likely to see a quiet opening

Markets are likely to see a quiet opening as Asian equities consolidate amid Brussels attacks. Meanwhile, cautious trading is expected to be seen ahead of the extended weekend.

GLOBAL MARKET

Asian markets were trading mixed with the Nikkei 225 higher by 0.17 percent, China’s Shanghai Composite down by 0.12 percent and Hong Kong’s Hang Seng unchanged from previous close at around 20,667.27.

Wall Street ended lower on Tuesday, with the S&P500 index falling 0.09 per cent to 2,049.80, while the Dow Jones Industrial Average edged 0.23 per cent lower to 17,582.57.

Asian markets were trading mixed with the Nikkei 225 higher by 0.17 percent, China’s Shanghai Composite down by 0.12 percent and Hong Kong’s Hang Seng unchanged from previous close at around 20,667.27.

STOCKS IN FOCUS

Drug maker Cadila Healthcare Ltd on Tuesday said it has received a Notice of Concern (NoC) or warning from the World Health Organisation (WHO) for violations of good manufacturing practices at its vaccine plant in Moraiya in Sanand district of Gujarat.

Mahindra & Mahindra group announced its entry in the branded dairy products business on Tuesday.

The month-long strike at Tata Motors’ Sanand plant finally came to an end on Tuesday with workers and management reaching a consensus over the issue of suspended workers. Work will resume from Wednesday.

The Securities and Exchange Board of India (Sebi) has seized nearly Rs 1.4 crore from Abhijit Rajan, former chairman and managing director of Gammon Infrastructure Projects Ltd (GIPL) and three others, for allegedly violating insider trading norms.

Agri-biotechnology major Monsanto India announced its resignations of its Chief Financial Officer, Abdul Alim Sayed and Director C Ravishankar.

Bajaj Finance, has entered into financing of the life care segment which includes expenses for stem cells storage units, cosmetics-based hair treatment, dental and eye care.

[“source-Business-standard”]