Market: Gap-down starts on the cards; All eyes on Bharti Airtel, Hero MotoCorp, NHPC – World Affairs SRS

Market: Gap-down starts on the cards; All eyes on Bharti Airtel, Hero MotoCorp, NHPC

– World Affairs SRS

Live Market Updates: Benchmark indices may open lower on Thursday, tracking weak global cues and cues from SGX Nifty futures, which were down over 100 points from the Nifty’s spot level of 17,790 on Wednesday.

Among shares, Bharti Airtel may be in focus as the company’s subsidiary Airtel Africa Plc has received $159 million out of $176.1 million from the sale of its tower assets in Tanzania. The company will receive the balance amount on completion of the transfer of the towers to the buyer, the report said.

Further, Hero MotoCorp may also be kept under eye as Naveen Munjal-led Hero Electric Vehicles moved the Delhi High Court in March 2021 seeking an injunction against the company using the word ‘Hero’ for its upcoming electric vehicle. has turned to.Besides, shares of a dozen recently launched firms may come under pressure as the mandatory one-month lock-in period for anchor investments is coming to an end. Of these 12 companies, five — RateGain, Shriram Properties, Data Patterns, Supriya Lifesciences and CMS Info Systems — had allotted more than 10 per cent outstanding shares to anchor investors.

global signal

US markets fell sharply and Treasury yields jumped on Wednesday after minutes from the FOMC indicated it could raise interest rates sooner than expected and reduce its overall asset holdings to cushion high inflation. can also reduce.

Meanwhile, the Dow Jones shed 1 per cent, the S&P 500 index 2 per cent and the Nasdaq 3 per cent.

Similarly, this morning there was a sea of ​​red in the whole of Asia. Japan’s Nikkei was down 1.5 per cent. The Kospi and Taiwan lost 0.8 per cent, while the Straits Times lost 0.5 per cent.

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