Trends on GIFT Nifty indicate a negative start for the broader index in India, with a loss of 58.50 points or 0.23 percent. The Nifty futures were trading around 25,925 level.
Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs, with investors preparing for further rate cuts.
Indian equity indices failed to hold record highs and snapped the three-day run to end flat in the volatile session on September 24 after Sensex and Nifty crossed 85,000 and 26,000, intraday, respectively.
Stocks in News Today
Metal stocks:
Steel and metal majors may be affected by China’s decision to announce policy measures aimed at providing support to its economy and propping up its property market. Nalco, Tata Steel, Hindalco NMDC, and Vedanta, apart from SAIL. Jindal Stainless, Jindal Steel, and JSW Steel will be in focus.
Telecom stocks:
Executives from Bharti Airtel, Reliance Jio, and Vodafone Idea met telecom minister Jyotiraditya Scindia on Tuesday over the exclusion of WhatsApp and Telegram from the new licensing rules. The stakeholders also reportedly discussed the issue of the stress caused by AGR dues.
JSW Group:
The commodities giant ruled out reports that it was “withdrawing” from a proposed Rs 40,000 crore EV and battery project in Odisha and shifting it to Mumbai, a senior company official said on Tuesday.
Piramal:
The company expects its Complex Hospitals portfolio and India Consumer Health division to grow at a compound annual growth rate (CAGR) of 12 percent and 9 percent, respectively.
Gillette India :
The company’s distributor Procter & Gamble Bangladesh notified about the termination of the distribution agreement with Gillette India, effective December 31, 2024.
Hindustan Foods :
The company announced its plans to merge a promoter‐owned entity to further expand its manufacturing footprint to Nashik, Maharashtra.
The said unit is owned by promoter Avalon Cosmetics (ACPL) and is located in Sinnar MIDC, Nashik.
Easemytrip :
Promoter Nishant Pitti is likely to sell up to an 8.5% stake in Easy Trip Planners through block deals, according to reports.
Exxaro Tiles :
BofA bought 6.7 lakh shares in Exxaro Tiles Ltd through its European subsidiary BofA Securities Europe SA on Tuesday for Rs 6.4 crore via a block deal.
NBCC :
State-owned NBCC moved the Supreme Court seeking to develop and complete embattled realty major Supertech Limited’s 17 stalled or partially built projects where around 27,000 hassled home buyers are stuck for years.
Indian Hotels Company:
IHCL said had signed a 120-key SeleQtions hotel in Chennai’s East Coast Road over 30 acres.
PC Jewellers :
The Board of PC Jeweller will meet on September 30 to consider and approve the stock split. In the same meeting, the Board will also consider the appointment of new directors.
KEC International :
The company launched a qualified institutional placement issue on Tuesday and fixed the floor price at Rs 976.64 per share.
Delta Corp :
Delta Corp Board approved a draft composite scheme of arrangement between the company and Delta Penland, under which the hospitality and real estate businesses will be demerged.
Tata Power :
Tata Power has seen a fire incident at the Trombay plant. The company is in the process of assessing the actual damage caused by the incident.
REC:
The state-owned energy financier said it will raise $500 million as part of a $10 billion medium-term note program.
CarTrade Tech:
The automobile marketplace witnessed a stake sale by Warburg Pincus-owned Highdell Investments, equalling an 8.64 percent stake worth over Rs 375 crore, according to exchange data.
UJVN:
The Uttarakhand-based utility shared an action plan to double power output over the next 8 years to 3,000 MW from 1,440 MW at present
