Share Market Update: Indian market started negative, BSE Sensex fell by 241 points, these stocks will be in focus today
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Share Market Update: Indian market went negative in pre-opening on the third trading day of the week. However, its signs started appearing from this morning itself. On one hand, the US market closed with a decline yesterday. There itself, GIFT NIFTY A slight increase was also seen. BSE Sensex fell by 241.36 points or 0.36 percent at 66,979.77 and NIFTY A decline of 77.90 points or 0.39 is seen at 19,915.30. There is selling pressure in the IT and banking sectors. HCL Tech share is the top loser in Nifty.
The market will keep an eye on these shares
Vedanta: Mining tycoon Anil Agarwal on Tuesday announced that Konkola copper mines, which recently came back to his London-based company Vedanta Resources, could potentially be transferred to the group’s India-listed firm, Vedanta. Provided that this step is taken at proper valuation.
KEC International: The company on Tuesday announced that it has secured new orders totaling Rs 1,012 crore covering various areas of its business portfolio. As stated in the stock exchange filing, the civil business division of the company has successfully won contracts from new customers operating in the data center and FMCG sectors of India.
Paytm: Paytm’s Chief Financial Officer has said that the company currently does not see the need for additional funding in the near future. They express confidence in achieving sustainable free cash flow, indicating a positive outlook for the company’s financial position.
Coal India: Coal India Limited has promised to invest about Rs 24,750 crore in the coming years for the implementation of 61 First-Mile Connectivity (FMC) projects. The aim of this initiative is to increase environment-friendly coal transportation methods.
NTPC: The state-owned power company on Tuesday announced that it has successfully completed the trial operation of Unit-1 as part of Stage-I (2 x 800 MW) of the Telangana Super Thermal Power Project, with a capacity of 800 MW. Is. , With this development, the installed capacity of NTPC has increased to 57,838 MW and the total capacity of NTPC Group to 73,824 MW.
Future Retail: NCLT has extended the deadline to complete the insolvency resolution process of the financially distressed company. This extension, requested by the company’s resolution professional, sets a new deadline of September 15 and excludes a period of 29 days from the process.
Avenue Supermarts:The company inaugurated a new store in Perungudi, Tamil Nadu on Tuesday. With this increase, the total number of shops till date has reached 334.
Infosys: The company has revealed a multi-year partnership with Stark Group, the largest retailer and distributor of construction materials in Europe. As part of this collaboration, Infosys and Stark Group will jointly set up a state-of-the-art data center in Denmark. The purpose of this data center is to provide uninterrupted services to STARK Group offices across Europe.
GE Power:The company on Tuesday announced that it has received a purchase order from Vedanta Limited. The order pertains to NOX (nitrogen oxide) reduction at Vedanta’s Lanjigarh Combined Gas Power Plant (CGPP) unit, whose total capacity is 3x. 30 MW.
RITES LTD: On Tuesday, the company announced the signing of a memorandum of understanding with Caminho de Faro de Mocamedis (CFM) Angola to cooperate on the development of railways and related infrastructure, including the supply of rolling stock. Under this MoU, RITES and CFM Angola will work together on various aspects including the provision of rolling stock and railway infrastructure projects.
How was Tuesday’s market?
The rising trend in BSE Sensex continued for the eighth consecutive trading session on Tuesday and it rose by 94 points. However, NSE Nifty suffered minor losses after reaching record high amid mixed trend in global markets. The Sensex based on 30 shares closed at 67,221.13 points with a rise of 94.05 points or 0.14 percent. At one time during trading it had jumped up to 412.02 points. However, the National Stock Exchange’s Nifty gave up initial gains in volatile trading and closed at 19,993.20 points with a marginal loss of 3.15 points or 0.02 per cent. At one time during trading it had risen by 114 points to 20,110.35 points. Among the Sensex companies, Tata Consultancy Services, Larsen & Toubro, Infosys, UltraTech Cement, ICICI Bank, Nestle, ITC and Sun Pharma were the major gainers.
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