Indian shares likely will start on a tepid note tracking weak global cues. The Singapore-traded SGX Nifty Futures indicate a lower opening on Dalal Street today. The BSE Sensex closed at 36,270, rising 0.85 percent, or 307 points, while the NSE Nifty ended at 10,888, posting a gain of 0.77 percent, or 83 points.
These are the stocks making the biggest move pre-market: Kotak Mahindra Bank: The Bombay High Court has refused to order a stay on the Reserve Bank of India's December 31 deadline to Kotak Mahindra Bank seeking dilution of promoter stake. This means that the bank will have to reduce promoter stake by 10 percent in the next 15 days or risk facing action from the RBI. Tata Steel: Andreas Goss will be the future chief executive officer of Tata Steel Europe’s planned joint venture with European steel maker Thyssenkrupp, Tata Steel said in a press release on Monday. Motherson Sumi: The auto parts company is in early talks with German peer Leoni AG over a possible merger of the pair, a Livemint report said. NMDC: The PSU fixes lump ore price at Rs 3,250 per tonne and price of fines at Rs 2,860 per tonne from December 13. Ashoka Buildcon: The company's subsidiary raises Rs 150 crore from Morgan Stanley India Infrastructure. Zydus Wellness: The company has expanded its portfolio by launching a new variant Sugar Lite. Infibeam Avenues: Suvidhaa Infoserve Pvt. ltd acquires 5 percent equity stake in company's subsidiary NSI Infinium Global Pvt. ltd. Godrej Industries: The National Company Law Tribunal approved the Scheme of Amalgamation of Vora Soaps ltd with company. Glenmark Pharma: Company announces new data on GBR 1302, a HER2xCD3 Bispecific antibody, presented at the ESMO Immuno-Oncology Congress 2018. Hotel Leela Ventures: Canada’s Brookfield Asset Management is close to buying at least four of five luxury hotels and a large land parcel owned by debt-ridden Hotel Leelaventure Ltd for about Rs 4,500 crore, a Livemint report said. Bombay Dyeing: Company has given its consent by signing the shareholder's resolution of its subsidiary in Indonesia i.e. PT Five Star Textile Indonesia (PTFS) for closure of the same. Graphite India: Kamataka State Pollution Control Board has renewed the consent for operations at Bengaluru graphite electrode plant for a period up to 30.6.2020 only with condition to shift the unit from the existing location. IL&FS Transportation Networks: The interest due and payable on December 17 on the NCDs was not paid to the debenture holders due to insufficient funds. Also, the government-appointed board of directors of debt-laden firm is going to seek expressions of interest for its subsidiary IL&FS Transportation Networks’ domestic road assets. Mahindra & Mahindra Financial Services: India Ratings reaffirmed its AAA/Outlook-Stable rating for Rs 10,000 crore worth public issue of non-convertible debentures. RITES: Board fixed December 28 as the record date for the purpose of payment of dividend. Also, catch all the action and updates in our Market Live blog.