Stocks in News, December 1: TCS, Zomato, Wipro, Indian Energy Exchange, Apollo Hospitals Enterprises

Stocks in News, December 1: The US markets ended higher amid Federal Reserve Chairman Jerome Powell’s remark that the central bank might scale back the pace of its interest rate hikes as soon as December.

Asian markets are also trading in green with Hong Kong's Hang Seng index gaining around 2.5 per cent in the first hour of trade. File Photo

Stocks in News Today, December 1: Indian share markets are likely to continue their upward momentum tracking positive global cues today i.e December 1. The SGX Nifty - an early indicator of sentiment on the NSE Nifty50 - was trading higher by 89 points, or 0.47 per cent in early trade. Asian markets are also trading in green with Hong Kong's Hang Seng index gaining around 2.5 per cent in the first hour of trade. While Japan's Nikkei 225 gained 1.13 per cent, South Korea's Kospi rose 0.77 per cent.

The US markets ended higher amid Federal Reserve Chairman Jerome Powell’s remark that the central bank might scale back the pace of its interest rate hikes as soon as December. While S&P 500 jumped 3.09 per cent, the Dow Jones ended 2.18 per cent higher and Nasdaq soared 4.41 per cent.

Earlier on Wednesday, the 30-share barometer rallied 417.81 points or 0.67 per cent to settle at 63,099.65, its fresh record closing high. The broader NSE Nifty advanced 140.30 points or 0.75 per cent to end at 18,758.35, its fresh record closing high.

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Stocks in News Today, December 1

Tata Consultancy Services: IT major Tata Consultancy Services on Wednesday said that it has bagged a deal from Rail Delivery Group to design, develop, implement, and operate the UK's Rail Data Marketplace. The contract between TCS and RDG (Rail Data Marketplace) is for a term of six years including an extension term opportunity.

Zomato: Alipay Singapore, an arm of Chinese e-commerce giant Alibaba, on Wednesday sold 3.07 per cent stake in online food delivery aggregator Zomato for Rs 1,631 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Alipay Singapore Holding Pte offloaded a total of 26,28,73,507 shares, amounting to 3.07 per cent stake in the company.

Wipro: Wipro Lighting has entered into an all-India exclusive partnership with Israel-based public company Aura Air, which makes air purifiers, the company said on Wednesday. The arrangement will provide Wipro Lighting exclusive access to all enterprise offerings of Aura Air for India geography, the company said in a statement.

Indian Energy Exchange: The company will seek shareholders' approval through a postal ballot to buy back shares worth up to Rs 98 crore. The board of directors in its meeting on November 25 has approved the cash offer for the buyback of equity shares of face value of Rs 1 each at a maximum price of Rs 200 per share for an aggregate amount up to Rs 98 crore.

Apollo Hospitals Enterprises: The hospital chain operator has got approval for fund raising up to Rs 105 crore via non-convertible debentures (NCDs) from the board. The company will issue 1,050 NCDs with a face value of Rs 10 lakh each.

TVS Motors: Government of Singapore Investment Corporation has purchased 0.5 per cent stake in TVS Motor. Government of Singapore Investment Corporation Pte Ltd A/C C Account bought 24.69 lakh shares in the two-wheeler maker at an average price of Rs 1,047.81 per share. However, Integrated Core Strategies (Asia) Pte Ltd sold 39.77 lakh shares at an average price of Rs 1,046.69 per share.

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