According to GIFT Nifty, the Indian market indices BSE Sensex and NSE Nifty 50 may open higher on Tuesday. Here's a look at the main stocks to keep an eye on in trading.
Stocks to Watch: The GIFT Nifty rose 67 points, or 0.34%, to 19,809, predicting a positive start for the NSE Nifty 50 and BSE Sensex on Tuesday. Previously, the NSE Nifty 50 down 37.55 points, or 0.19%, to 19,694.25, while the BSE Sensex fell 139.58 points, or 0.21%, to 65,655.15.
"Markets remained in negative territory in a lackluster trading session, extending their losing streak due to selling in select frontline stocks." Investors remain cautious in the face of the protracted West Asian war and concerns about a worldwide economic slowdown. While markets struggled to capitalize on strong global cues, investors also dismissed hopes for more Chinese stimulus. According to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, "technically, Nifty needs to reclaim the 19889 mark to unleash fresh upside, while the biggest support is placed at 19471 mark."
Tata Power Renewable Energy: Over the last seven months, Tata Power Renewable Energy has exceeded a 1.4-gigatonne capacity in group captive projects. This accomplishment is owed to the successful signing of power distribution agreements with a variety of sectors and segments.
Adani Enterprises: Mumbai Travel Retail Pvt., a subsidiary of Adani Enterprises Ltd., has taken a significant step by incorporating its wholly-owned subsidiary, MTRPL Macau Ltd. The goal is to open tobacco stores at Macau International Airport, which will offer a new dimension to the company's wide portfolio.
State Bank of India: The government has extended Vinay Tonse's tenure as Managing Director of State Bank of India until November 30, 2025.
Tech Mahindra Americas has signed a collaboration agreement with Neom Tech, clearing the door for the formation of a new subsidiary. This entity will focus on providing digital services to Neom group firms, including product and platform development.
ABB India and Titagarh Rail Systems have formed a strategic relationship, with a focus on the provision of propulsion systems for metro rolling stock projects in India.
IRCTC: The Railway Ministry has granted IRCTC authorization for long-term tenders lasting seven years through train clustering. In addition, with a daily capacity of 72,000 litres, the Rail Neer plant has begun commercial production.
Oberoi Realty has inaugurated 'Forestville by Oberoi Realty,' the company's first premium residential property in Kolshet, Thane. The initial phase of construction contains three towers.
Container Corp. has signed a Memorandum of Understanding (MoU) with Indraprastha Gas to investigate the possibility of establishing LNG and LCNG infrastructure at its terminals. The collaboration will look into the potential of moving LNG by railway rakes from terminals near seaports such as Dahej.
Manappuram Finance has been fined Rs 42.78 lakh by the Reserve Bank of India for failing to comply with certain terms of the 'NBFCs - Systemically Important Non-Deposit Taking Company and Deposit Taking Company (Reserve Bank) Directions, 2016.'
Saket Chaturvedi, CEO of HAL's MiG Complex, has pledged to collaborate with Mishra Dhatu Nigam in the indigenous development of vital materials critical for the production and maintenance of Aero Engines. Vascon Engineering has received a letter of intent from the Pimpri Chinchwad Municipal Corporation in Pune for the construction of a general hospital building for the PCMC Hospital in Moshi, Pimpri-Chinchwad, Pune, with a contract value of Rs 356.78 crores.
