Share Market Today News Live Update: The share market trend was soft on Tuesday. Sensex opened at 84,643 after closing at 84,673 levels. Sensex is trading around 84,600 points with a 70 points decrease. Nifty opened flat at 25,918. The global market downturn due to profit-taking in household names affecting the share market.
HUL Demerger: HUL to separate ice cream business. Hindustan Unilever to demerge its ice cream unit, with a record date announced for December 5th. The demerger ratio is 1:1 share, meaning HUL shareholders until December 5th will receive shares in Kwality Walls India Limited (KWIL). This demerger is part of Unilever PLC’s global demerger plan, deciding to establish its ice cream business as a separate independent company.
US Market Sees Profit-Taking, Dow Jones Drops 2200 Points in 4 Days: After the end of the shutdown, continuous profit booking is being witnessed in the US market. Even on Tuesday, the Nasdaq plunged by about 70 points. The Dow Jones index has lost 2200 points over the last four days. Asian markets are experiencing mixed movements today, with the Japanese share market down by 70 points, Hong Kong market down by 110 points, and Taiwan market trading around 80 points lower.
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