GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded down by 76.50 points or 0.33% at 23,253.50 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 ended up by 468.75 or 2.05% to settle at 23,290.15 while the BSE Sensex jumped 1618.85 points or 2.16% to 76,693.36.
“The anticipation of stability within the coalition government at the center, coupled with the RBI’s upward revision of its growth forecast for FY25 to 7.2%, fuelled a broad-based rally in the domestic market,” said Vinod Nair, Head of Research, Geojit Financial Services.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Stocks To Watch: Eicher Motors, LIC, Cochin Shipyard, Biocon, Oil India, SJVN, Grasim, Alkem Lab, OLA Electric Mobility Stocks To Watch: Bharti Airtel, ONGC, BEML, Adani Energy Solutions, Bharti Hexacom, Lupin, Shree Cement
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Nair also added that the Indian market surpassed its previous record high set on exit-poll day and reached a fresh peak. Though the last mile towards the inflation target remains sticky, investors are expecting the MPC to be one step closer to the easing cycle.
Stocks to Watch on June 10, 2024
Adani Enterprises
In the financial year 2024, Adani Airports handled over one million tonnes of cargo, securing a 30.1% market share. The company achieved a 7% year-on-year growth, with international cargo tonnage increasing by 9% compared to the previous year. Key domestic destinations included Delhi, Bengaluru, and Kolkata, while major international destinations were the UK, UAE, Germany, Netherlands, and the US.
Dr. Reddy’s Laboratories
The USFDA has issued a Form 483 with four observations for Dr. Reddy’s API manufacturing facility (CTO-6) in Srikakulam, Andhra Pradesh. The inspection took place from May 30 to June 7, 2024. Dr. Reddy’s has stated that it will address the observations within the stipulated time frame.
Mphasis
BCP Topco IX Pte is likely to sell a 10.6% stake in Mphasis through block deals, with a base price set at ₹2,350 per share. The base size of the block is 10.6%, with an option to increase to 15.1%. If fully upsized, the deal will be valued at ₹6,697 crore. A lock-in period of 180 days will apply. As of the end of the March quarter, BCP Topco held a 55.45% stake in Mphasis.
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Borosil Renewables
The board has approved raising ₹450 crore through a rights issue.
KEC International
The company has secured new orders worth ₹1,061 crore across various sectors. The T&D business won projects in India, East Asia Pacific, and the Americas. The Railways business received orders in both technologically advanced and conventional segments within India. Additionally, the Cables business secured orders for supplying conductors and cables to a prominent infrastructure player in India. This brings the Year-to-Date order intake to ₹3,000 crore.
Jubilant Pharmova
The USFDA has issued three observations for the company’s contract manufacturing facility in Spokane, Washington. The company will submit an action plan to address these observations.
Railtel
The company has won orders worth up to ₹81.6 crore from the National Informatics Centre Services Inc. (NICSI) for ICT infrastructure.
Wardwizard Innovations
The company has received a $1.29 billion order from Beulah International Development Corporation to revolutionize public transport in the Philippines with electric vehicles.
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The company will be able to provide its services to customers through this new model. It has tied up with four other banks, which will become Payment System Provider. Axis Bank, HDFC Bank, Yes Bank, and State Bank have partnered with One97 Communication.
Also, Yes Bank will work as a merchant banker for Paytm’s existing customers as well as for new ones. Now, the UPI handle @Paytm will get redirected to Yes bank.
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By admin • January 2, 2025 • The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 gained just 4.75 points or 0.02% to settle at 24,143.75, while the BSE Sensex jumped 149.86 points or 0.19% to 79,105.89.
The broader indices ended in mixed territory, with gain led by Large-cap stocks. IT and Auto stocks outperformed among the other sectoral indices while Metal and Media stocks shed.
Sectoral Index
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Bank Nifty index ended lower by 104.55 points or 0.21% to settle at 49,727.30. The Nifty Midcap 100 fell by 334.45 points, or 0.59%, ending the day’s trading at 56,547.05 Come from Sports betting site VPbet . In the broader markets, small-cap and mid-cap stocks finished in the red.
Markets fall on recessi…
By admin • December 27, 2024 • The benchmark indices rose sharply on Friday after the faster-than-expected gross domestic product (GDP) growth in the third quarter of FY24 and positive global cues buoyed investor sentiment.
The Sensex zoomed 1,245.05 points or 1.72% to close at an all-time high of 73,745.35. The Nifty also jumped 355.95 or 1.62% to hit a record closing high of 22,338.75. The indices closed up for the third consecutive day on Friday.
The mid- and small-cap indices also rose, but the rise was comparatively subduedCome from Sports betting site. Both closed up less than 1% each.
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By admin • December 27, 2024 • Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in the positive territory. The NSE Nifty 50 closed 31.85 points or 0.15% higher to settle at 21,544.85, while the BSE Sensex gained 30.99 points or 0.04% to 71,386.21. The broader indices closed in the green, with gain led by Smallcap stocks. Bank Nifty index closed lower by 207.60 points or 0.44% to settle at 47,242.65.
Live Updates
15:31 (IST) 9 Jan 2024
Markets at close
The NSE Nifty 50 gained 0.18% to settle at 21,552.30, while the BSE Sensex flat at 71,386.21.
15:25 (IST) 9 Jan 2024
By admin • December 26, 2024 • The Hitman Trilogy, which includes three games in the World of Assassination series, will come to Xbox Game Pass on January 20, IO Interactive announced today as part of the company’s Year 2 reveal. Come from Sports betting site VPbet
The Hitman Trilogy will also be available digitally for direct purchase on January 20 for PS4, PS5, Xbox One, Xbox Series X|S, the Epic Games Store, and Steam. “We’re excited to welcome a wave of new players to enjoy the full trilogy through new platforms and services,” IO said in a news post.
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By admin • December 26, 2024 • New Line’s The Conjuring Universe has made over $2 billion worldwide with its spin-offs and sequels, but Deadline reports that the film series that started it all is about to wrap up. New Line has set a September 5 release date for the final untitled movie, which Conjuring veteran Michael Chavez will helm.
The Conjuring centers around real-life supernatural investigators Ed and Lorrain Warren, played by Patrick Wilson and Vera Farmiga. James Wan directed the original The Conjuring in 2013 and earned nearly $320 million worldwide on a $20 million budget. In addition to the Conjuring and Nun movies, the universe has launched a series of Annabelle features, focused on a doll first featured in The Conjuring.
The Conjuring has spawned merchandise ranging from toys, comic books, Halloween costumes, and even tie-ins with Six Flags who will have Conjuring-themed mazes at this year’s FrightFest.
Of course, while these movies show the Warrens as successful demonologists, th…