Indian stock market is likely to open in the red. At 8:00 am, the SGX Nifty was down 0.54%, tracking weak global cues from US markets as well as Asian peers.
On Wednesday, the Dow Jones Industrial Average closed 0.13% higher and S&P was down 0.46% as tech shares’ weakness outweighed the Fed’s commentary. US’ Federal Reserve has pledged to keep monetary support intact in the near future and indicated that the
near-zero rates could last through 2023.
Here’s a list of stocks to watch for in trade on September 17:
Happiest Minds Tech After a bumper subscription in its ₹702 crore IPO last week, the company is geared up to list on stock exchanges today. The grey market premium shows an
upside of ₹145. The issue was oversubscribed 151 times on the last day of IPO.
HCL Tech
The tech giant, HCL Tech today
announced the expansion of its strategic partnership with Google Cloud to bring HCL’s Actian portfolio, starting with Actian Avalanche, to Google Cloud.
The share price of HCL Tech closed 0.54% lower yesterday.
IndiGo and SpiceJet
Airlines have sought relief from the government by asking banks and financial institutions to defer repayments of loans to the aviation industry by six months, Puri said in his written reply to a question in the Rajya Sabha.
The share price of IndiGo and SpiceJet closed nearly 2% lower on Wednesday.
Infosys
Despite an uncertain business environment, Infosys CEO Salil Parekh told
ET Now that the company has begun to get things moving on salary hikes and promotions. Plans are also afoot to start massive recruitments in many parts of the world including in India soon, he said.
The share price of Infosys closed nearly 2% higher on Wednesday.
Bharat Petroleum Corporation Ltd
According to
news reports, state-owned BPCL may acquire its peer Oman Oil Company Ltd's stake in the joint venture Bharat Oman Refineries Ltd (BORL). "We will acquire Oman Oil's stake if they are willing to offer. So far there has been on such communication from Oman Oil," said N Vijayagopal, director finance, BPCL told
Mint.
The share price of BPCL closed flat on Tuesday.
Hindustan Petroleum
The chairman, Mukesh K. Surana at the 68th annual general meeting of state-owned Hindustan Petroleum Corp, said the company would invest over ₹60,000 crore in the next five years to build infrastructure.
The share price of HPCL closed nearly 2% lower yesterday.
ICICI Bank
The board of ICICI Bank has passed a proposal to resume seeking approval from the central bank for the appointment of Sandeep Batra as its whole-time director for five years.
The share price of ICICI Bank closed nearly 1% higher yesterday.
SEE ALSO: Fed signals near-zero rates will last through 2023 to lift economy from coronavirus recession
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