Stocks in News, December 20: IRCTC, LIC, Dabur India, Sterling and Wilson Renewable Energy Ltd, HDFC, Indigo

Stocks in News Today, December 20: While Hong Kong's Hang Seng index was down by over 121 points, China's Shanghai SE Composite Index fell around 10.35 per cent.

BSE Sensex and Nifty closed higher on Monday by nearly 1 per cent following heavy buying in banking, oil and FMCG shares. Photo credit: File

Stocks in News Today, December 20: Stock markets are likely to have a muted start on Tuesday i.e. December 20 as SGX Nifty - an early indicator of sentiment on the NSE Nifty50 - was lower by 22 points, or 0.12 per cent, at 18,465 in early trade. Earlier on Monday, BSE Sensex and Nifty closed higher by nearly 1 per cent following heavy buying in banking, oil and FMCG shares.

Most of the Asian markets were in red in early trade. While Hong Kong's Hang Seng index was down by over 121 points, China's Shanghai SE Composite Index fell around 10.35 per cent. However, Japan's Nikkei 225 was up by 91 points. Wall Street equities closed lower on Monday (December 19) for a fourth straight session. The S&P 500 lost 34.70 points to end at 3,817.66 points, while the Nasdaq Composite lost 159.382 points to 10,546.032. The Dow Jones Industrial Average fell 162.92 points to 32,757.54.

Stocks in News Today, December 20

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HDFC: The mortgage lender has increased its retail prime lending rate on housing loans by 35 basis points. The increase will be effective from 20 December. With this, the minimum rate will be 8.65 per cent. It is adjustable rate home loans (ARHL) are benchmarked on retail prime lending rates.

IRCTC/LIC: The Life Insurance Corporation of India (LIC) has increased its stake in the Indian Railway Catering and Tourism Corporation (IRCTC). The holding has increased from 5.005 per cent to 7.278 per cent.

Dabur India: The FMCG major is apparently looking to sell shares worth $100 million or Rs 800 crore via a block deal on December 20. The promoters may consider selling the stake at up to a four per cent discount.

Sterling and Wilson Renewable Energy Ltd: Sterling and Wilson Renewable Energy promoters Shapoorji Pallonji and Company and Khurshed Yazdi Daruvala will sell up to one crore equity shares through the offer-for-sale route at a floor price of Rs 270 per piece on Wednesday and Thursday.

Indigo: Indigo flew ahead of other airlines during November with 55.7 per cent share of the domestic aviation sector, while Vistara secured the second slot with market share of 9.3 per cent.

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