GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 128.50 points or 0.59% at 22,053 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 ended up by 21.65 points or 0.10% to settle at 21,839.10, while the BSE gained 89.64 points or 0.12% to 72,101.69.
“Lifted by favourable global sentiment and solid direct tax collection, Indian markets rebounded, closing with modest gains. Robust FII & DII inflows sustained the market. As per latest market consensus, the odds of rate cut in June have reduced,” said Vinod Nair, Head of Research, Geojit Financial Services.
Stocks To Watch: Maruti Suzuki India, GMR Airports Infra, Brightcom Group, Hindustan Zinc, Adani Enterprises, Kolte-Patil Developers Stocks To Watch: Hindustan Zinc, Suzlon Energy, Glenmark Pharma, Hindustan Aeronautics, Vedanta Stocks To Watch: Eicher Motors, LIC, Cochin Shipyard, Biocon, Oil India, SJVN, Grasim, Alkem Lab, OLA Electric Mobility Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC
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Nair also added that, The US Fed is likely to delay the cut rate to the latter part of the year due to a resilient economy. Domestic mid & small caps are likely to lag large caps driven by premium valuations, in the short-term.
Stocks to Watch on March 21, 2024
Torrent Power
Torrent Power has finalized a share purchase agreement with Solapur Transmission, acquiring a 100% stake. This strategic move aims to establish a transmission system facilitating the efficient evacuation of power from renewable energy projects in Maharashtra.
TVS Motor
TVS Motor Company has greenlit the issuance of cumulative non-convertible redeemable preference shares, totaling up to Rs 1,900 crore via bonus. Additionally, the company has appointed Vijay Sankar and Shailesh Haribhakt as independent directors, enhancing its governance structure.
Wipro
Wipro, a prominent IT services major, has appointed Anne-Marie (Annie) Rowland as the Chief Executive Officer (CEO) of Capco. Rowland’s extensive experience, including her current role as the managing partner of Capco’s business in the United Kingdom and Ireland, positions her to lead effectively as she assumes the CEO role on April 1, 2024.
Crompton Greaves
Crompton Greaves has secured its fourth consecutive order from HAREDA, Haryana, under the PM-KUSUM scheme. The order, valued at over ₹9 crore, entails the supply, installation, and commissioning of various solar photovoltaic water pumping systems, further solidifying the company’s position in the renewable energy sector.
Prince Pipes and Fittings
Prince Pipes and Fittings have inked a deal with Klaus Waren Fixtures and NM Shah, acquiring the ‘Aquel’ brand and other assets worth Rs 55 crore. This strategic move is aimed at setting up an in-house manufacturing facility, bolstering the company’s presence in the bathware segment.
Aeroflex Industries
Aeroflex Industries has completed the first phase of its expansion, increasing its installed capacity to 13.5 million meters per annum. With plans for further expansion, the company is set to reach a capacity of 16.5 million meters with an investment of Rs 39 crore.
Wockhardt
Wockhardt has initiated a Qualified Institutional Placement (QIP) to raise funds, setting the floor price at Rs 544.02 per share. This move is aimed at strengthening the company’s financial position and supporting its future growth endeavors.
Cyient
Cyient, an IT solutions provider, has announced that its joint venture with HAL, Infotech HAL Ltd, has initiated a corporate insolvency resolution process before the Bengaluru bench of the National Company Law Tribunal (NCLT).
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Rail Vikas Nigam
Rail Vikas Nigam has emerged as the lowest bidder for a railway project worth Rs 167 crore for Southeastern Railway, further consolidating its position in the railway infrastructure sector.
Jupiter Wagons
Jupiter Wagons has completed the acquisition of Bonatrans India for Rs 271 crore, marking a significant milestone as the first Indian rolling stock manufacturer with its own wheel plant.
Suzlon
Suzlon’s board of directors has approved the conversion of 22.86 lakh partly paid-up equity shares into fully paid-up equity shares, signaling confidence in the company’s growth prospects and strengthening its equity structure.
Krystal Integrated Services
Krystal Integrated Services is poised to make its stock market debut on Thursday, offering its shares at an issue price of Rs 715 each. The company’s IPO, valued at Rs 300.13 crore, witnessed strong investor interest, with subscription rates reaching 13.21 times on the final day of offering.
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By admin • January 13, 2025 • The stock of One97 Communication advanced 5% to hit the upper band of Rs 370.70 a day after the company got the approval from NPCI to act as a third-party UPI app under the multi-bank model, just like its rivals PhonePe and Google Pay. Earlier, the company’s operations were supported by Paytm Payments Bank, which will shut its operations on March 15 to comply with RBI’s actions.
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…