Tag: Stocks to watch today

  • Stock Market Updates: Sensex Falls 500 Points, Nifty Below 24,700 – News18

    Stock Market Updates: Sensex Falls 500 Points, Nifty Below 24,700 – News18

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    Stock Market Updates: Benchmark indices were trading lower in the pre-opening session.

    Stock Market Updates Today: Check Sensex, Nifty Latest Movements On December 16

    Stock Market Updates Today: Check Sensex, Nifty Latest Movements On December 16

    Stock Market Updates: The Indian equity market opened on a subdued note on December 16, with benchmark indices trading in negative territory during the pre-opening session. Benchmarks traded in the red on Monday, dragged down by losses in key financial and information technology stocks.

    Benchmark indices declined in early trade in line with weak global cues and caution ahead of the WPI inflation data to be announced later in the day.

    Investors will focus on the US Federal Reserve’s monetary policy decision on Wednesday, particularly the outlook for rate cuts in the coming year.

    The 30-share BSE benchmark Sensex declined over 500 points to 81,584 around 12.20 pm. The NSE Nifty was trading at 24,607.95 points.

    From the 30-share Sensex blue-chip pack, JSW Steel, Titan, Bharti Airtel, Nestle, Mahindra & Mahindra, Tata Consultancy Services, NTPC and Sun Pharma were the biggest laggards.

    ITC, Reliance Industries, UltraTech Cement, Bajaj Finance, IndusInd Bank and Asian Paints were the gainers.

    India’s wholesale inflation eased to 1.9 percent in November, down from 2.4 percent the previous month, as food prices cooled off, according to government data released on December 16. Additionally, consumer inflation dropped to 5.5 percent in November, down from a 14-month high of 6.2 percent in the previous month, driven by cheaper vegetable prices. This easing of inflation is expected to have a positive impact on the stock market, potentially boosting investor sentiment as it signals lower pressure on consumer spending and economic stability.

    In Asian markets, Seoul, Tokyo and Hong Kong were trading lower while Shanghai quoted in the green.

    Wall Street ended mostly lower on Friday.

    Foreign Institutional Investors (FIIs) bought equities worth Rs 2,335.32 crore on Friday, according to exchange data.

    Global oil benchmark Brent crude dipped 0.31 per cent to USD 74.26 a barrel.

    The rupee fell 3 paise to 84.83 against the US dollar in early trade on Monday, dragged down by a muted trend in domestic equities and elevated crude oil prices.

    Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks.

    At the interbank foreign exchange, the rupee opened at 84.83 against the greenback, registering a fall of 3 paise over its previous close.

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  • Stocks To Watch: Hyundai, Canara Bank, Afcons Infrastructure, Vodafone Idea And Others – News18

    Stocks To Watch: Hyundai, Canara Bank, Afcons Infrastructure, Vodafone Idea And Others – News18

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    Stocks To Watch: Shares of firms like Vodafone Idea, ITC, Ola Electric, Canara Bank, and others will be in focus

    Stocks To Watch

    Stocks To Watch

    Stocks To Watch On December 06: The markets had a volatile session, ending almost flat after three consecutive days of gains. In today’s trade, stocks of Vodafone Idea, ITC, Canara Bank, Hyundai Motor India, Ola Electric, and others will be in focus due to various news developments.

    Rate-sensitive Stocks:

    Investors will focus on banking, auto, and realty stocks as the RBI announces its policy decision at 10 AM today.

    Vodafone Idea (Vi): On December 9, Vi’s board will consider a proposal to raise Rs 2,000 crore from promoter Vodafone Group entities through a preferential issue.

    Hyundai Motor India: The company has announced a price hike of up to Rs 25,000 across its models, effective January 1, citing rising input costs, unfavorable exchange rates, and higher logistics expenses.

    Canara Bank: The RBI has approved Canara Bank’s stake sale in its mutual fund and insurance subsidiaries via an initial public offering (IPO). In March 2024, the bank’s board had approved the sale of stakes in these two subsidiaries.

    ITC: The conglomerate, spanning cigarettes to hotels, is expanding its network of Farmer Producer Organisations (FPOs), with plans to connect one crore farmers in the next 4-5 years and scale up sourcing of fruits and vegetables through this platform, according to S Ganesh Kumar, CEO of ITC’s Agri Business Division.

    FSN E-Commerce Ventures (Nykaa): Nykaa Fashion CEO Nihir Parikh has resigned and has been relieved of his duties with immediate effect.

    Ola Electric: The Central Consumer Protection Authority (CCPA) has requested additional documents from Ola Electric regarding a show cause notice issued in October related to 10,644 complaints.

    PSB Stocks: Public sector banks (PSBs) have fallen short of their annual targets for two key social security insurance schemes, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). By October 2024-25, PSBs had met only 40% of the 64 million target for PMSBY and 30% of the 41 million target for PMJJBY.

    Procter & Gamble Hygiene & Healthcare: The company’s parent, P&G, has revamped its supply chain for the stainless steel strips used in its Gillette razors, now sourcing them from India. This move is expected to shield its margins from potential tariffs that may be imposed by US President-Elect Donald Trump.

    Garden Reach Shipbuilders & Engineers: The company has signed a contract for the construction and delivery of the second ship from a series of four additional 7,500 DWT multi-purpose vessels in Germany. In September, it secured an order for four more multi-purpose vessels.

    RITES: RITES has been appointed as the project management consultant (PMC) for the execution, supervision, and development of the phase II campus of the Indian Institute of Management Raipur (Chhattisgarh) project, valued at Rs 148.25 crore.

    Waaree Energies: The solar PV module manufacturer has received NABL accreditation for its PV module testing lab at its manufacturing facility in Chikhli, Gujarat.

    Afcons Infrastructure: The recently listed company has completed the longest tunneling drive on the Tughlakabad-Aerocity corridor for the Delhi Metro Phase IV project, in partnership with the Delhi Metro Rail Corporation (DMRC).

    News business » markets Stocks To Watch: Hyundai, Canara Bank, Afcons Infrastructure, Vodafone Idea And Others

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  • Stocks To Watch: Tata Motors, Cipla, Religare, ONGC, Cochin Shipyard, And Others – News18

    Stocks To Watch: Tata Motors, Cipla, Religare, ONGC, Cochin Shipyard, And Others – News18

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    Stocks to watch: Shares of firms like Tata Motors, Cipla, Religare, ONGC, Cochin Shipyard, and others will be in focus on Monday’s trade

    Stocks To Watch

    Stocks To Watch

    Stocks to Watch on December 2: Markets gained nearly 1% last week, marking the second consecutive week of advances despite mixed signals. Today, shares of Greaves Cotton, Biocon, Tata Motors, Hyundai, and Cipla, among others, will be in focus due to various news developments.

    Eicher Motors: Eicher Motors will be in the spotlight as Royal Enfield reported a total of 82,257 units sold in November.

    Tata Motors: Tata Motors posted a slight increase in total sales to 74,753 units, with domestic sales amounting to 73,246 units in November.

    Hyundai Motor India: Hyundai’s total sales declined by 7% to 61,252 units, with domestic sales at 48,246 units in November.

    Maruti Suzuki: Maruti Suzuki recorded total sales of 181,000 units in November, with domestic sales at 153,000 units.

    Cipla: Cipla’s stock may be in focus today as the company’s promoters plan to sell up to 1.72% of their stake in the company through block deals.

    Religare Enterprises: Religare Enterprises has received warning letters from stock exchanges for delaying the disclosure of the RBI’s refusal to approve the appointment of Rakesh Asthana as additional director. The company disclosed the RBI’s decision only after stock exchanges intervened in late October, despite receiving the letter from the central bank in May.

    ONGC: ONGC Videsh (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), has completed the $60 million acquisition of Norwegian firm Equinor’s stake in an oilfield and an associated pipeline in Azerbaijan. The acquisition includes a 0.615% stake in the offshore Azeri Chirag Gunashli (ACG) oilfield and a 0.737% share in the Baku-Tbilisi-Ceyhan (BTC) pipeline.

    Power Mech Projects: Power Mech Projects announced that it has won an order worth Rs 510 crore (excluding GST) from Adani Power. The order involves mechanical construction work for the 2×800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project in Chhattisgarh.

    Cochin Shipyard: The Ministry of Defence has signed a contract with Cochin Shipyard for the Short Refit and Dry Docking (SRDD) of INS Vikramaditya at a cost of Rs 1,207.5 crore.

    KEC International: KEC International secured multiple orders worth Rs 1,040 crore in its Transmission and Distribution (T&D) business in international markets. These include supplying towers, hardware, and poles for projects in the Americas and 220 kV transmission lines in the Commonwealth of Independent States (CIS).

    Biocon: Biocon Biologics announced that the U.S. FDA has approved YESINTEK (Ustekinumab-kfce), a biosimilar to Stelara (Ustekinumab), for the treatment of Crohn’s disease, Ulcerative Colitis, Plaque Psoriasis, and Psoriatic Arthritis.

    Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

    News business » markets Stocks To Watch: Tata Motors, Cipla, Religare, ONGC, Cochin Shipyard, And Others

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