GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Monday. Here’s a look at the key stocks to watch in trade.
GIFT Nifty traded down by 48 points or 0.22% at 22,048.50 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 ended down by 123.30 points or 0.56% to settle at 22,023.35, while the BSE Sensex dropped 453.85 points or 0.62% to 72,643.43.
“Domestic equities followed global cues as weak US and Asian markets fuelled extended profit-taking as investors sold auto, oil & gas, banking and power stocks,” said Vinod Nair, Head of Research, Geojit Financial Services.
Stocks To Watch: Zomato, Bajaj Auto, IndusInd Bank, Poly Medicure, HCL Tech, Saraswati Saree Depot ‘Aattam’ Malayalam film OTT: Where to watch the National Award winning movie online Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC Stocks To Watch: Realty Stocks, Lupin, Tata Power, PB Fintech, SBI, Suzlon Energy, Godrej Consumer, ABFRL
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Nair also added that, The recent subdued economic readings related to inflation and IIP numbers too didn’t help either, which further aggravated the bearish mood during the week. With uncertainty around, local investors will closely follow global markets to decide on their exposure to equities.
Stocks to Watch on March 18, 2024
LIC
Over 1.10 lakh employees of Life Insurance Corporation to receive a significant boost in wages following government approval.
Zomato
Food delivery giant was ordered to pay ₹4,11,68,604 in GST along with interest and penalties for FY 2018-19 after an audit by the Deputy Commissioner of State Tax, Gujarat.
ITC
ITC entered a share purchase agreement with Russell Credit to acquire a 45.36% stake in International Travel House, expanding its presence in the travel sector.
Ashoka Buildcon
Ashoka Buildcon acquired a majority stake in GVR Ashoka Chennai ORR Ltd., strengthening its position in infrastructure development.
Asset Management Companies
Asset Management Companies unveil stress test results amidst regulatory concerns about volatility in mid- and small-cap space.
HAL
Hindustan Aeronautics Limited signs contract for mid-life upgrade of 25 Dornier aircraft and associated equipment for the Indian Navy.
Zee Entertainment
Punit Goenka, Managing Director and CEO of Zee Entertainment, restructures technology and data verticals to enhance efficiency and innovation.
Railtel
Railtel wins contract for supply, operations, and maintenance of HMIS for Mumbai municipal corporation’s health department.
Rail Vikas Nigam
Company awarded Letter of Acceptance for design and construction of Pune Metro Rail Project by Maharashtra Metro Rail.
PNB
Punjab National Bank to raise equity capital through qualified institutional placements or other permitted modes following approval in EGM.
Brigade Enterprises
Brigade Enterprises introduces flexible workspace solutions to meet modern business needs with the launch of BuzzWorks in Bengaluru.
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Lupin
Lupin’s manufacturing facility receives Form 483 with one observation following USFDA inspection.
Aditya Birla Fashion
Merger between Aditya Birla Fashion and TCNS Clothing receives no-objection observation from stock exchanges.
IRCON International
IRCON secures Letter of Acceptance for construction of twintube unidirectional tunnel in Mizoram for ₹631 crore.
Amber Enterprises
Amber Enterprises incorporates a wholly owned subsidiary, AT Railway Sub Systems, to manufacture railway components for domestic and international markets.
GTPL Hathway
GTPL Hathway completes acquisition, raising its holding in Metro Cast Network India to 50.10%.
