Stocks to watch, December 19: Lupin, Asian Paints, DOMS Industries, Brigade Enterprises, SBI, Yatharth Hospitals, Zaggle, and more

The Fed cut rates by 25 basis points to the 4.25%-4.50% range. However, Jerome Powell said more reductions in borrowing costs now depend on further progress in lowering stubbornly high inflation, remarks that showed policymakers are starting to reckon with the prospects for sweeping economic changes under a Trump administration.

Reacting to Powell's comments, the Dow Jones Industrial Average fell 1,123.03 points, or 2.58%, to 42,326.87; the S&P 500 lost 178.45 points, or 2.95%, to 5,872.16; and the Nasdaq Composite lost 716.37 points, or 3.56%, to 19,392.69.

Following the slump on Wall Street, Asian stocks, too, slid in the opening deals on Thursday.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 1%. Japan's Nikkei fell 1.8%, while Australian shares slid more than 2%.

At 8:03 AM, the GIFT NIFTY futures were trading at 23,926.50, up 30 points, or 0.13%. This implies that the NIFTY50 index will open 331 points lower.

The base size for the deal is worth ₹509.7 crore, or 3.05%, with an option to upsize it by another ₹254.3 crore, or 1.52%.

The floor price for the deal has been fixed at ₹2,755 per share, which is a 9.6% discount to Wednesday's closing price, the report added.

The approval allows Lupin to market a generic version of Descovy tablets, a product originally developed by Gilead Sciences Inc.

Brigade Citrine, in Bengaluru, is a high-rise township in Budigere Cross, Whitefield, with 1, 2, 3, and 4 BHK homes, which claims to save around 8,900 tankers of water annually and use renewable energy for the entire common area lighting. "The project is in line with Brigade Group’s journey of achieving net zero emissions by 2045," Pavitra Shankar, Managing Director, Brigade Enterprises, said.

Amara, Deputy Managing Director, State Bank of India, has been appointed as managing director in the bank for three years, with effect from the date of assumption of charge of the post, or until further orders, whichever is earlier, the lender said in a regulatory filing on Wednesday, citing a government notification.

According to the bulk deal data available with the BSE, Usha Madhukar Chandurkar offloaded 40 lakh shares, amounting to a 1.6% stake in Ipca Laboratories.

The shares were disposed of at an average price of ₹1,501.52 apiece, taking the aggregate value to ₹600.61 crore.