Stock Market Updates: Market open at flat level, today’s top 5 shares on which investors will be eyeing
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The Sensex was trading at 65,497.94, down 41.48 points, or 0.06 percent, while the Nifty was trading at 19,444, down 21 points, or 0.11 percent.
Weakness is visible in the domestic stock market amid mixed global signals. Sensex and Nifty started flat in today’s trade. The Sensex was trading at 65,497.94, down 41.48 points, or 0.06 percent, while the Nifty was trading at 19,444, down 21 points, or 0.11 percent. In today’s business, the financial, IT and FMCG index on Nifty are in the red mark. While Bank, Auto, Pharma, Metal and Realty index are in green. The shares of TITAN, ADANIPORTS, AXISBANK, ADANIENT, SBIN are in green color i.e. in growth, while the shares of LTIM, POWERGRID, ITC, CIPLA, NESTLEIND are seen in red color i.e. weak. Today i.e. 17 August 2023, some stocks are ready to show action in a volatile market. These stocks can remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on these.
indigo
Shobha Gangwal, promoter of InterGlobe Aviation, the company that operates Indigo airline, sold about 2.9 percent stake for an amount of more than Rs 2800 crore. The deal was done through an open market transaction. Shobha Gangwal is the wife of the company’s co-founder Rakesh Gangwal. The shares were sold in three bulk deals. As per the data available with BSE, 3,841,121 shares of Shobha Gangwal were sold at Rs 2424.21 per equity while 3,841,120 shares were sold in two rounds at Rs 2440.92 and Rs 2427.09 per equity.
Adani Power
American investment company GQG Partners and some other investors have taken 8.1 percent stake in Adani Group company Adani Power with an investment of $ 1.1 billion. According to the data available on the stock market, GQG Partners and other investors have acquired this stake by bulk buying 31.2 crore shares. This is one of the biggest deals to buy shares from the market. The deal has happened at an average price of Rs 279.17 per share.
IRFC
The government is planning to sell some of its stake in the Indian Railway Finance Corporation (IRFC) through an offer for sale (OFS) in the current financial year. An officer has given this information. The government’s stake in the financial arm of the Indian Railways is 86.36 per cent. The official said an inter-ministerial group (IMG) comprising senior officials from the Department of Investment and Public Asset Management (DIPAM) and the railways ministry has met to decide on the quantum of stake sale. Counseling has started.
PFC
Parminder Chopra has taken charge as the first full-time woman Chairman and Managing Director of public sector Power Finance Corporation. The company said that Parminder Chopra has been appointed as the Chairman and Managing Director of PFC by the Government of India with effect from 14 August 2023. Earlier, she was holding the additional charge of CMD with effect from June 1, 2023 and was a director in PFC with effect from July 1, 2020.
Vodafone Idea
Debt-burdened telecom service company Vodafone Idea Limited (VIL) has sought a 30-day extension to pay Rs 1,680 crore as spectrum auction installment. VIL Chief Financial Officer Murthy G V A S gave this information during the discussion on the quarterly results. He said that in a letter sent to the Telecom Ministry, we have said that under the spectrum auction of 2022, 30 days’ extension should be given for the payment of the auction installment of Rs 1,680 crore, we will pay this amount with interest.
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