DSIJ Mindshare

Indian stocks are likely to witness a gap-down opening following weakness seen across Asian markets and as the US equity futures pointed to substantial fall on the Wall street. The US political uncertainty added to heightened concerns over the slowing global economy. The SGX Nifty Index Future has declined 62 points from Monday’s close, indicating Nifty may open around the 10620 level. 

The stock Mukta Arts Limited is currently trading at Rs. 46.05 per share. After a huge gap-up opening on Monday, stock has managed to extend their northward movement and end-up with 17.32 per cent gain.

The stocks most likely to witness significant movement on the bourses on December 26 are Max India, Power Finance Corporation, Suprajit Engineering, Wabco India and Hero MotoCorp.

IT majors Wipro, TCS, Infy among the top gainers on Nifty50 even as the market dipped during the last trading session on Monday. The Indian rupee slipped below its sentimental support level of Rs. 70 per US dollar.

Reliance Industries Limited (RIL) acquired 5.56 per cent equity stake in Vakt Holdings Limited, UK (VHL). The stake was procured on a fully-diluted basis for an amount of US$ 5 million.