According to GIFT Nifty, the Indian market indices BSE Sensex and NSE Nifty 50 may open higher on Monday. Here's a look at the main stocks to keep an eye on in trading. Stocks to Watch: The GIFT Nifty rose 26 points, or 0.13%, to 19,828, indicating a positive start for the NSE Nifty 50 and BSE Sensex on Monday. Previously, the NSE Nifty 50 dropped 33.40 points, or 0.17%, to 19,731.80, while the BSE Sensex fell 187.75 points, or 0.28%, to 65,794.73.
"The Nifty has largely traded within a range, indicating a bullish bias." Since the Nifty crossed the critical 19,500 mark two to three days ago, the street has preferred a 'buy on dips' strategy. The trend is projected to continue as the Nifty closes trading sessions above the crucial moving averages. "On the lower end, support is located at 19,630/19,500, while resistance is located at 19,850/20,000," said Rupak De, Senior Technical analyst at LKP Securities.
Bajaj Finance: Following an order from the Reserve Bank of India, Bajaj Finance, a large NBFC, has temporarily suspended the distribution of 'Existing Member Identification' cards to new clients.
Payment Services and SBI Cards: The Reserve Bank of India's increased credit risk weights are expected to reduce capital adequacy by 400 basis points, according to SBI Cards.
Adani Energy: Adani Power sees strategic investments with Ardour Investment holding Ltd. acquiring 1.93% and Emerging Market Investment DMCC acquiring 0.13% of the company’s shares. Adani Power's promoters now own 71.14% of the company.
Larsen & Toubro: Larsen & Toubro is contesting Qatar's General Tax Authority's imposition of a Rs. 111.31 crore penalty for 2016-2017 and Rs. 127.64 crore penalty for 2017-2018, calling it arbitrary and unwarranted.
IndusInd Bank: The Reserve Bank of India has approved the appointment of Arun Khurana as IndusInd Bank's full-time executive director for a three-year period beginning November 16, 2023.
Ashok Leyland: The company has got 10,000 reservations for battery-powered light trucks and has unveiled two new e-LCVs in Chennai.
MGM Maran's 3.31% shareholding in Tamilnad Mercantile Bank has been ordered transferred by the Enforcement Directorate. This comes on the heels of the attachment of assets worth Rs 205 crore under the PMLA in 2016.
Rites: Rites won contracts for the provision of 10 diesel electric locomotives and 300 high side waggons after winning bids in two CFM Mozambique auctions.
Dalmia Bharat Sugar: Due to Farmer's Sangathan Agitation, Dalmia Bharat Sugar claims operational disruptions at its Kolhapur and Ninaidevi operations in Maharashtra.
BPCL: Bharat Petroleum Corporation Limited (BPCL) announces intentions to double the size of its fuel retail network, aiming for strategic expansion in the industry.
