Stock Market Today: The GIFT Nifty on the NSE IX increased by 4 points to 22,175.50, indicating that Dalal Street will likely have a quiet start to the week. On the daily chart, the Nifty finished 82 points higher at new levels, forming an ascending triangle pattern. The hourly chart shows that Nifty has surpassed the swing high, indicating a rise in optimism. A favourable movement in momentum is also indicated by the momentum indicator, RSI. As investors expected a new direction from Wall Street, Tokyo markets began on Tuesday slightly higher.The larger Topix index increased 0.24 percent, or 6.34 points, to 2,646.03, while the benchmark Nikkei 225 index gained 0.11 percent, or 43.00 points, to 38,513.38 at the opening.
Stock Market Today: Stocks in focus
Whirlpool of India
Block agreements are expected to see the promoter sell up to a 24 percent ownership share in Whirlpool, according to sources cited by CNBC-TV18. Block sales are expected to total $450 million, with a floor price of Rs 1,230 per share—a 7.6 percent discount to Monday’s closing price—set.
Godrej consumer products
The FMCG business and one of its fully owned subsidiaries have reached a deal to sell their whole ownership in Godrej East Africa Holdings, Mauritius, for a sum of $3.5 million. Godrej East Africa Holdings, together with its step-down subsidiaries DGH Tanzania, Mauritius, Charm Industries Kenya, and Sigma Hair Industries Tanzania, will no longer be affiliated with the firm following the closing of the transaction.
Kotak Mahindra Bank
With effect from March 1, 2024, the private sector lender has reappointed KVS Manian as the bank’s joint MD and Shanti Ekambaram as its deputy MD. KVS Manian and Shanti Ekambaram serve as the bank’s full-time directors at the moment. With effect from April 1, 2024, the lender has named Devang Gheewalla as Chief Financial Officer and Milind Nagnur as Chief Operating Officer. Milind Nagnur is the bank’s Chief Technology Officer at the moment.
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