Top stocks to watch— Tata Group, Future Enterprises, RIL, Central Bank of India, DHFL, CARE Ratings and others

Amid the mixed cues from the global market, the Indian stock market is likely to open on a muted note. At 7:49 am the SGX Nifty was trading flat pointing towards a cautious start for Nifty50.

Meanwhile, the US stocks climbed on Tuesday on rebound in tech stocks and policy reassurance from a top Fed official following a massive selloff in the previous three sessions. The Dow Jones Industrial Average ended up 140.48 points, and the S&P 500 closed up over 1%.

These are the stocks to watch out for during the trading session on September 23:

Tata Group stocks

The Shapoorji Pallonji Group is set to part ways with the Tatas. SP Group stated before the Supreme Court that a separation from the Tata Group is necessary due to the potential impact this continuing litigation could have on livelihoods and the economy.

The SP Group largest shareholder in the Tata Group and this news may move most of the listed Tata Group stocks like— TCS, Tata Steel, Tata Motors and others.



Mukesh Ambani owned RIL’s Jio unveiled its JioPostpaid Plus plans in a bid to lure more customers. The company will offer subscriptions to Netflix, Amazon Prime and Disney + Hotstar with a monthly tariff from ₹399 to ₹1,499 with different benefits.

The shares of RIL ended 2% lower yesterday. Also keep an eye on other telecom stocks - Bharti Airtel and Vodafone Idea.

CARE Ratings and ICRA

Markets regulator SEBI imposed a penalty amount of ₹1 crore each on rating agencies— ICRA, and CARE Ratings, in connection with IL&FS case.

The shares of CARE Ratings ended 2% lower whereas ICRA was up 2% yesterday.

Future Group stocks in focus

Future Enterprises defaulted again on interest payments of ₹15.86 crore for its non-convertible debentures.

Future Enterprises develops, owns and leases retail infrastructure for the Future Group, and this news may move other Future Group stocks like Future Retail, Future Lifestyle Fashions, among others.

The shares of Future Enterprises ended 5% lower yesterday.

Dewan Housing Finance (DHFL)

The markets regulator SEBI has restrained 12 promoters of DHFL from accessing securities markets for violating market norms. Promoters are also restrained from associating themselves as directors or promoters of any listed public company or associating with any intermediary registered with SEBI.

The shares of DHFL ended 3% lower yesterday.

Central Bank of India

The QIP of the Central Bank of India has opened with the floor price set at ₹16.18 per share.

The shares of DHFL ended 15% higher yesterday.

SEE ALSO: Shapoorji Pallonji Group says it's time to part ways with the Tatas

INTERVIEW: Sharekhan’s new discount broking platform will take no fees for a loss-making trade