Stock Market Updates: Market open at flat level, today’s top 5 shares on which investors will be eyeing
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Sensex was trading at the level of 60,709.50 points with a gain of 53.78 points i.e. 0.09 percent. Similarly, Nifty was trading at a level of 18,079.65 points with a gain of 26.35 points i.e. 0.15 per cent. In early trade on the Sensex, Tata Steel shares were trading with a gain of 1.66 per cent.
After the signals received in the global market, today the domestic stock market opened at a flat level on Wednesday. Sensex was trading at the level of 60,709.50 points with a gain of 53.78 points i.e. 0.09 percent. Similarly, Nifty was trading at a level of 18,079.65 points with a gain of 26.35 points i.e. 0.15 per cent. In early trade on the Sensex, Tata Steel shares were trading with a gain of 1.66 per cent.
The color of TATASTEEL, HINDALCO, UPL, SBILIFE, GRASIM is green on Nifty i.e. positive reaction is being seen in these stocks. On the other hand, big stocks like HDFCLIFE, EICHERMOT, TATAMOTORS, M&M, ULTRACEMCO are seen in red color, which means they are showing signs of decline. Today i.e. on January 18, 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.
ITC
The country’s leading FMCG company ITC has entered into an agreement on Tuesday. The company is buying a startup named Sproutlife Foods Pvt Ltd, which manufactures yoga bars. ITC plans to rapidly grow its business in the fast growing nutritional health food space. This purchase will be executed in the next 3-4 years. ITC plans to buy 47% stake in this company by March 2025.
Rail Vikas Nigam
Rail Vikas Nigam has made the lowest bid for two metro projects in Gujarat by forming a consortium with Siemens India. Rail Vikas Nigam along with Siemens India had bid ₹673 crore for Phase-I of Surat Metro Project and ₹380 crore for Ahmedabad’s Metro Rail Project Phase-II.
Adani Enterprises
Adani Enterprises has signed an agreement with Ashok Leyland Ltd and Canada-based Ballard Power to jointly develop hydrogen fuel cell electric trucks for the mining, logistics and transportation sectors. The companies are working on a pilot project and are hoping to launch the truck in India in 2023.
ITC
ITC on Tuesday signed an agreement to acquire direct-to-consumer (D2C) start-up Sproutlife Foods Pvt Ltd. Sproutlife Foods is strengthening its presence in the fast growing nutritional health foods sector and is the owner of ‘Yoga Bar’. ITC will buy 47.5 per cent stake in the company by March 2025.
IndusInd Bank
IndusInd Bank’s stock will be in focus today. December quarter results will be released today. The bank expects strong growth due to steady growth in loan book. But the expert’s view on margin performance is mixed.
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