Amidst mixed cues from the Asian market, the Indian stock market is likely to open on a muted note. At 7:49 am, the SGX Nifty was trading 0.20% down, indicating a lower start for Nifty50.
Whereas other Asain stocks were trading in green — with Hang Seng trading 1.45% higher and Australian stock market also up 2% at 7:50 am.
These are the stocks to watch out for during the trading session on October 5:
RIL
Mukesh Ambani-owned Reliance Industries cleared yet another hefty cheque from
UAE-based Mubadala on Thursday. This is the fifth investment for Reliance Retail Ventures Limited. Reliance Retail continues to be valued at ₹4.285 lakh crore and has raised a total of ₹24,847.5 crore already.
Along with that, Reliance Retail has also secured a deal with Singapore’s sovereign wealth fund GIC and global private equity firm TPG Capital. The company said GIC would invest ₹5,512 crore for a 1.22% stake, while TPG Capital Management will invest ₹ 1,838 crore in owning a 0.41% equity stake in the retail arm.
The shares of RIL ended 0.24% lower on Thursday.
TCS
The IT giant Tata Consultancy Services (TCS) will be considering a buyback of shares of the company at a board meeting slated on October 7.
The shares of TCS ended 2% higher on Thursday.
HCL Tech
IT services major HCL Tech announced a new partnership with IBM on Thursday to help clients accelerate their digital transformation by migrating mission-critical enterprise workloads to the IBM public cloud.
The shares of HCL Tech ended 0.26% higher on Thursday.
Vedanta The reverse book building process for buyback of shares to begin today. The process will remain open for public shareholders until October 9.
The shares of Vedanta ended flat on Thursday.
Solar Industries
Solar Industries informed investors on Thursday that it has secured ₹409 crore order from the central government for supply of Multi-Mode Hand Grenade (MMHG).
The shares of Solar Industries ended 1% higher on Thursday.
ITI Limited ITI Limited also informed investors that it had signed a contract with the central government for the supply of Army Static Switched Communication Network (ASCON). The total value of the deal is ₹7,796 crore.
The shares of Solar Industries ended 0.12% lower on Thursday.
Dhanalakshmi BankRBI approves an interim arrangement to form a new committee of directors of Dhanalakshmi Bank to exercise the powers of the bank’s MD and CEO till a new one is appointed.
The shares of Dhanalakshmi Bank ended 0.81% higher on Thursday.
Hero MotoCorp, Eicher Motors and other auto stocks
Hero MotoCorp, Eicher Motors and other auto stocks will remain in focus during the trade today after auto companies posted robust sales recovery in September. The sales of two-wheeler giant, Hero MotoCorp was up 17% compared to the same period last year. Eicher Motors also reported a domestic sales growth of 1%.
SEE ALSO: Investors must brace for a turbulent October in the stock market — but they should hold on for a strong 4th-quarter finish, a senior Wall Street strategist says
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