Share Market: These shares including TCS, Strides, Aurobindo, Jio Financial, Titan, BoB will fill the market, see list
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Stocks to Watch Today: After two days of decline, there was a rise in the Indian stock market on Tuesday. However, this morning there are mixed signals from the global market. In such a situation, it is understood that the stock market may have a slow start on Wednesday. At 07:30 am, GIFT Nifty futures were seen at 19,830, which means there was a slight rise in it. Whereas NSE Nifty 50 closed at 19,783 yesterday. The American market broke its five-day winning streak overnight amid weakness in IT stocks. Additionally, US FOMC minutes revealed that officials agreed to take a cautious approach to raising interest rates going forward. At the same time, Nikkei was up by 0.4 percent, while Kospi and Taiwan fell by 0.5-0.5 percent. Meanwhile, the market will keep an eye on these stocks.
tcs: A third quarter loss is likely to hit $125 million after the United States Supreme Court affirmed a $140 million punitive damages award against TCS in the Epic Systems Corporation case.
Maruti: The company’s board will meet on November 24 to consider allotting 12.32 lakh equity shares to Suzuki Motor Corporation on a preferential basis.
Titan: Approval received from the Competition Commission of India for the acquisition of stake in Caratlane. Earlier in August 2023, Titan had announced its plan to buy 27.18 percent stake in Caratlane.
Jio Financial Services: An application has been submitted to the Reserve Bank of India (RBI) to convert the company from Non-Banking Financial Company (NBFC) to Core Investment Company (CIC).
Aurobindo Pharma: The company’s US-based step-down arm Iviva Biotech, a global biopharmaceutical company, received US FDA approval of Risenuta (efbemelanograstim alfa injection) for chemotherapy-induced neutropenia (CIN).
Bank of Baroda ,bob): Life Insurance Corporation of India (LIC) has increased its stake in the bank from 4.98 percent to 5.03 percent.
Strides Pharma: The company’s wholly owned Singapore-based subsidiary, Strides Pharma Global, received approval from the US FDA for Levetiracetam Oral Solution USP, 100 mg/mL. This generic medicine is taken after partial onset of seizures.
Stocks in F&O ban today: BHEL, Chambal Fertilizers, Delta Corp, Hind Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX, NMDC, RBL Bank and Zee Entertainment are in the futures and options ban period on Wednesday.
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