Top stocks to watch — SBI, HDFC Bank, Wipro, RIL, Future Retail, TCS, Jindal Stainless, UPL, IRCTC, and others
- At 7:45 am, the SGX Nifty was up 0.17%, indicating a green start for Nifty50.
- Here’s a list of stocks to watch for in trade today.
- Check out the latest news and updates on Business Insider.
At 7:45 am, the SGX Nifty was up 0.17%, indicating a green start for Nifty50. On Tuesday, the US stocks pulled back from record highs as hopes for $2,000 direct stimulus payments faded. The Dow Jones Industrial Average closed 0.22% lower, and the S&P 500 was down 8 points.
These are the stocks to watch out for during the trading session today:
AdvertisementJindal Stainless Hisar (JSHL) said its board had approved the company’s merger into the country’s largest stainless steel maker Jindal Stainless Ltd (JSL). Having a total melting capacity of 0.8 million tonnes per annum (MTPA), Hisar-based JSHL is the largest speciality stainless steel producer in India with a diversified value-added product portfolio.
Future Retail & RIL
After Amazon, the Kishore Biyani-led Future Group has written to market regulator SEBI to review and approve its ₹24,713 crore deal with RIL. Future Group has requested SEBI to expedite the review of the proposed deal and issue a no-objection certificate, while Amazon had urged that the review of the “impugned transaction” be suspended.
Jindal Steel & Power
Jindal Steel and Power (JSPL) said it had received the ‘regular rail supplier’ status from the Indian Railways. In a statement, JSPL said it had become the first private company in India to be awarded the ‘regular supplier’ status from the national transporter.
SBI, PNB, HDFC Bank, ICICI Bank, Manappuram Finance, Muthoot, other NBFCs and banks
SBI, PNB, HDFC Bank, ICICI Bank, Manappuram Finance, Muthoot, other NBFCs and banks will be in focus during the trade today. The Reserve Bank of India (RBI) in a report on Tuesday said the India's financial sector should brace for challenging times ahead with an increased risk of deterioration in asset quality and lower demand for loans.
AdvertisementUPL has completed the pre-payment of $410 million of 3.25% Senior Notes due October 2021. The company said that the pre-payment, which concluded on December 28, was done using the cash on its balance sheet. This prepayment is in line with its commitment to reduce debt.
TCS & Wipro
The ₹16,000-crore buyback of Tata Consultancy Services, which will end on January 1, has received an overwhelming response from investors and has been subscribed 163% so far. Similarly, for Wipro, today is the second day to subscribe to ₹9,500 crore buyback. The issue for Wipro will close on January 11.
Indian Railways will operate a special Mumbai-Delhi Rajdhani train 4 days a week.
The ₹90-crore share buyback for IIFL Securities will open today.
AdvertisementSEE ALSO: Mitch McConnell says the Senate will consider Trump's demand for $2,000 stimulus checks but rejects initial vote
American Airlines just completed the Boeing 737 Max's first passenger flight in the US since March 2019
The new strain of COVID-19 is a lot more contagious, warns India's Health Ministry
- Best broadband plans in India in 2021 – JioFiber, Airtel Xstream Fiber and ACT Fibernet
- IPL 2021: Royal Challengers Bangalore have beaten Sunrisers Hyderabad 7 out of 18 times they played each other
- Publicis Groupe consolidates Data Science, Programmatic and Media Tech with Zenith and Starcom, under a common leadership
- Here are the 7 Indians who will be a part of Cannes Lions Jury this year
- CBSE Class 10 board exams cancelled, Class 12 exams postponed as COVID-19 cases surge