The Indian economy’s strong rebound from the COVID-19 blues with GDP growth of 20.1 per cent in the first quarter of FY12 is going to lift the market sentiment slightly today. Considering mixed global cues and strong growth in the Indian economy, the markets are set for an upward move on Wednesday as well. At 7.15, Nifty futures on the Singapore Exchange were up 24.50 points or 0.14 per cent, indicating a good and positive start for the Indian markets. However, Asian stock markets showed a slight opening on Wednesday. Hong Kong shares opened on a sluggish start after recent gains. The Hang Seng index fell 7.17 points to end at 25,871.82. The Shanghai Composite also fell barely 0.07 points to 3,543.87, while the Shenzhen Composite Index on the second exchange of China rose 0.08 per cent, or 1.86 points, to 2,431.72. Tokyo shares opened higher, with the benchmark Nikkei 225 index up 0.40 per cent, or 111.13 points, at 28,200.67 in early trade, while the broader Topix index rose 0.42 per cent, or 8.29 points, to 1,968.99. However, major benchmark indices ended marginally lower on Tuesday, with the Dow Jones Industrial Average falling 39.11 points, or 0.11 per cent, at 35,360.73, the S&P 500 down 6.11 points, or 0.13 per cent, at 4,522.68 and the Nasdaq Composite down 6.66 points. , or 0.04 percent, at 15,259.24.
Indian markets touched new highs on Tuesday. Benchmark BSE Sensex and broader market Nifty 50 hit record highs for the second day in a row. The rise in the indices was driven by sharp gains in IT, power, healthcare and metal stocks. The Sensex was up 662.63 points or 1.16 per cent at 57,552.39 and the Nifty was up 201.20 points or 1.19 per cent at 17,132.20. Around 1434 shares have risen, 1537 shares have declined and 105 shares have remained unchanged.
Here are some stocks that will get attention today:
Tata Motors: The company on Tuesday announced that it is launching the Tigor EV with a price starting at Rs 11.99 lakh.
L&TL&T sold its entire stake in 99 MW hydro plant in Uttarakhand to Renew Power.
bank box: The bank announced yesterday that it is going to sell 20 crore shares of Airtel Payments Bank to Bharti Enterprises for Rs 294 crore.
Wipro: The company and HERE Technologies have partnered to provide location-based services and analytics for customers globally.
Talc: The company partnered with Fulfillment Tool to deliver state-of-the-art omnichannel fulfillment solutions to customers around the world.
JB Chemicals & Pharmaceuticals: Vijay Bhatt has resigned from the services of the Company and will cease to be the Chief Financial Officer of the Company.
Shoppers Stop: The company exited the non-core business by selling its subsidiary Crossword Bookstores at a gross business valuation of Rs 41.62 crore and will focus on expanding the core business and strategic growth pillars – First Citizen, Private Labels, Beauty and Omni Channel business.
Likhita Infrastructure: The company has bagged an order of Rs 145.86 crore from Indradhanush Gas Grid (IGGL) for the construction and construction of steel gas pipeline and terminals along with associated facilities for Sections 5 and 9 of the North-East Gas Grid (NEGG) project.
Stocks to be added to F&O: Abbott India, Crompton Greaves Consumer Electricals, Dalmia Bharat, Delta Corp, The India Cements, JK Cement, Oberoi Realty and Persistent Systems will be available for trading from October 1.
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