DSIJ Mindshare

Indian shares look set to open lower on Friday following weak cues from the Asian peers. The SGX Nifty is currently at the 10,776 level, down by 50 points. Going ahead, the market participants will keep a close watch on WPI data for November, which will be released today along with the data on balance of trade in November.  The central board of the Reserve Bank of India (RBI) will meet today under the new Governor Shaktikanta Das and, as per the reports, the meeting is likely to review the progress made on some of the decisions taken in the last meeting.   

The stocks most likely to witness significant movement on the bourses on December 14 are Jain Irrigation Systems, Yes Bank, Lupin, Indian Oil Corp and SSWL.

Jain Irrigation Systems, India’s largest micro-irrigation company, bagged orders worth Rs. 584 crore from the Karnataka Neeravari Nigam Limited, a division of Water Resources Department of Karnataka, through National Competitive Bidding. The order pertains to an Integrated Micro Irrigation Project in Karnataka. 

The private bank's board has finalised candidates for various vacant positions on its board include a replacement for the outgoing MD and CEO Rana Kapoor, said the bank in a filing to the bourses on Thursday. 

Steel Strips Wheels Limited (SSWL), the wheel rim manufacturing company, informed the bourses that it has won a large repeat exports order for truck and trailer from the US market.