According to GIFT Nifty, the Indian market indices BSE Sensex and NSE Nifty 50 may open lower on Wednesday. Here's a look at the main stocks to keep an eye on in trading.
Stocks to Watch: The GIFT Nifty fell 24 points, or 0.12%, to 19,824.50, signaling a bearish start for the NSE Nifty 50 and BSE Sensex on Wednesday. Previously, the NSE Nifty 50 rose 89 points, or 0.45%, to 19,783.40, while the BSE Sensex rose 275.63 points, or 0.42%, to 65,930.78.
"Despite a mixed trend in other Asian indices and weakness in European gauges, markets snapped their recent losing streak and ended higher." In an uncertain market, investors resorted to selective buying, resulting in cautious optimism. The corporate results season is drawing to a conclusion, and the market is looking for new cues to invest. Technically, Nifty needs to retake the 19889 level in order to see further gains. "The 19471 level is the Nifty's strongest support," stated Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Stocks to Watch on November 22nd, 2023 Mukesh Ambani, Chairman and Managing Director of Reliance Industries, announced plans for a Rs 20,000 crore investment in West Bengal over the next three years.
TCS: TCS's petition is denied by the United States Supreme Court, which upholds an earlier court decision. TCS will make a $125 million provision in its third-quarter results for a lawsuit with Epic Systems Corp.
India's Maruti Suzuki: On November 24, the business will consider a preferential allocation of 1.23 crore equity shares to Suzuki Motor Corp.
Adani Corporation: Adani Defence Systems and Technologies establishes deals with Elbit Systems of Israel, with ESL acquiring a 44% interest in Atharva Advanced Systems and Technologies.
Auto Ancillaries Stocks India is close to reaching an agreement with Tesla that will allow the American manufacturer to transport electric vehicles to India beginning next year and maybe establish a facility within two years.
Lupin Pharma major Lupin has received preliminary FDA approval for its Dapagliflozin tablets, a Farxiga tablet generic.
Rail & Engineering Texmaco: The board approved the launch of QIP on November 21, with a floor price of Rs 135.9 per share.
International KEC: The company receives several fresh orders totaling Rs 1,005 crore.
Airtel Bharti: The Madhya Pradesh Department of Telecommunications imposes a Rs 1.31 lakh fine for alleged violations of subscriber verification requirements. Bharti Airtel subsidiary OneWeb has received regulatory license to offer commercial satellite broadband services in India.
Wipro, an IT services and solutions provider, has announced a partnership with NVIDIA to accelerate the use of generative artificial intelligence in healthcare through AI-driven strategies, products, and services.
Bank IndusInd: The bank claims that rumors of 'Hindujas raising Rs 8,000 crore by pledging IndusInd shareholding' are false. The current pledge of the promoter entities at 6.87% of the paid-up share capital remains unchanged.
GMR Power and Urban Infrastructure: For $28.5 million, the business purchases an additional 29.14% investment in subsidiary GMR Energy, bringing the total stake in the subsidiary to 86.90%.
