Amidst mixed cues from the global markets, the Indian equities are likely to open on a muted note. In the Asian market, the SGX Nifty was trading 0.35% higher at 7:49 am, indicating a green start for Nifty50.
However, the US markets ended Tuesday lower with a sell-off in some of the biggest technology companies. This came after US President Donald Trump called off negotiations with Democratic lawmakers on coronavirus relief legislation until after the election. Also, commentary from Fed chair Jerome Powell who warned that US’ economic recovery remains far from complete, and
The Dow Jones Industrial Average shed over 375.88 points, whereas the S&P 500 was down over 1.40%.
These are the stocks to watch out for during the trading session on October 7:
Reliance Industries (RIL)
Relentless fund raise continues at Reliance Retail. The Abu Dhabi Investment Authority has invested ₹5,512.50 crore in Mukesh Ambani’s Reliance Retail for 1.20% equity stake.
The shares of RIL ended flat yesterday.
TCS
I-T behemoth TCS will kickstart the earnings season later today. Q2 earnings are expected to be healthy, led by
deal wins. All eyes will be on the buyback announcement as well.
The shares of TCS ended 0.45% higher yesterday.
SBI The government has appointed SBI’s senior-most Managing Director, Dinesh Kumar Khara, as the chairman of the country’s largest lender. Khara will replace Rajnish Kumar, who completed his three-year term on Tuesday (October 6).
The shares of SBI ended 1.56% higher yesterday.
Bajaj Finance
The non-banking finance company, Bajaj Finance informed investors that its consolidated deposit book rose by 22.5% to ₹21,600 crore as of September 2020.
In a regulatory filing, the company said it acquired 1.2 million (12 lakh) new customers during the July-September quarter.
The shares of Bajaj Finance ended 3% higher yesterday.
Dixon Tech Dixon Tech subsidiary Padget Electronics has been chosen as the domestic mobile manufacturing partner in the production linked scheme; the company informed investors. It said it applied for two slots and won one.
The shares of Dixon Tech ended 1.36% lower yesterday.
VA Tech Wabag The water treatment company Va Tech Wabag
informed investors that it had dissolved its Brazilian arm VA Tech Wabag Brazil Servicos De Agua E Saneamento Ltda, Brazil.
The shares of VA Tech Wabag ended 1.46% lower yesterday.
Matrimony.com
The management of the match-making website clarified that during the conference, they said they were expecting double-digit growth for ‘billing’ (sales) and not for revenue in the matchmaking business.
The shares of Matrimony.com ended 0.74% higher yesterday.
Majesco and Zee Learn Majesco and Zee Learn will remain in focus ahead of their financial results due later today.
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