Stocks in News, January 06: RVNL, IDBI Bank, Pokarna, Supreme Petrochem

Stocks in News Today, January 06: Stock markets are likely to have a negative start on Friday amid mixed global cues as SGX Nifty - an early indicator of sentiment on NSE - was trading at 18,036.5, down 28.5 points or 0.16 per cent. 

Asian markets like Japan's Nikkei 225 was trading higher by 60 points or 0.23 per cent at 25,881.20 while China's Shanghai Composite was trading at 3,156.06, up 0.85 points or 0.03 per cent. Hang Seng was trading at 21,108.96, gaining nearly 50 points or 0.27 per cent from the last closing level on Thursday. US markets ended in the red on Thursday. Dow 30 was down 340 points or 1 per cent while S&P 500 fell 1.2 per cent. Nasdaq Composite was the worst performer on Wall Street and wrapped-up the day's action, 1.5 per cent lower.   

Stocks in News Today, January 06:

Rail Vikas Nigam Ltd: RVNL has bagged a project worth Rs 166 crore from Gujarat Metro Rail Corporation (GMRC). The project is expected to be completed within 22 months.

IDBI Bank: The Securities and Exchange Board of India (Sebi) has allowed the government’s shareholding in IDBI Bank to be reclassified as “public" after its stake sale on condition that its voting rights do not exceed 15 per cent, the lender said on Thursday.

Pokarna Limited: The US Department of Commerce has announced the preliminary results of its first administrative review of quartz surfaces anti-dumping duty order and stated that Pokarna did not make sales of subject merchandise at less than normal value.

Supreme Petrochem: The company announced a stock split of existing shares having a face value of Rs 4 each to 2 each fully paid-up.

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