Lucknow Press
Stocks to watch today: Investors may adopt a cautious stance in the market ahead of the important meeting of the US Federal Reserve on interest rates on Wednesday. GIFT Nifty futures were trading at 25,493 around 7:05 am, up about 50 points from the previous close of Nifty futures.
Asian markets were mixed on Tuesday after mixed trading on Wall Street as investors wait for the Federal Reserve to begin easing its monetary policy.
Meanwhile, action can be seen in these stocks today
Mahindra & Mahindra: M&M has launched a small commercial vehicle (SCV) ‘Viro’ with an aim to capture the sub-3.5 tonne SCV market. Priced at Rs 7.99 lakh for the entry-level model, the Veero is built on the new Urban Prosper Platform (UPP). It comes in diesel and CNG variants with an electric addition planned for the future. The company is set to expand its light commercial vehicle (LCV) portfolio with seven new models by 2030.
Life Insurance Corporation: LIC has partnered with Infosys to develop a next-generation digital platform as part of its Digital Innovation and Value Enhancement (DIVE) strategy. The platform will support new high-value business applications and enhance the insurer’s digital infrastructure.
Adani Wilmar, Adani Enterprises: Adani Enterprises and Wilmar International plan to sell a 13 percent stake in their listed consumer joint venture, Adani Wilmar, to meet Indian shareholding rules. The sale, valued at about $736 million, aims to reduce their combined stake to 75 percent from about 88 percent by February.
Trent, Bajaj Finserv, Bajaj Housing Finance: With the successful stock market debut of Bajaj Housing Finance, there is speculation that Bajaj Finserv may be removed from the Sensex index in the upcoming rebalancing.
Analysts suggest that Tata Group fashion retailer Trent could replace Bajaj Finserv. The Sensex rebalancing review period ends on October 31, changes are expected to be announced in November.
Adani Energy Solutions: Kenya Electricity Transmission Company (Ketraco) is in ongoing talks with Adani Energy Solutions regarding the construction of three high-voltage transmission lines. However, this is contrary to a recent announcement by a presidential adviser who claimed that Adani and another company had already secured deals worth up to $1.3 billion.
Vedanta : Vedanta has reported an overflow of water storage plant at its Lanjigarh alumina refinery in Odisha due to heavy rains. The overflow has affected the agricultural sector but there have been no reported injuries or livestock losses. There has been no disruption to refinery operations or damage to red mud storage facilities, the company said.
Bharat Forge, Kalyani Forge: Baba Kalyani, the 75-year-old billionaire and head of the Kalyani Group that runs Bharat Forge, has recently rejected claims by his younger brother Gaurishankar about an alleged second will of their late mother Sulochana as part of a ‘misinformation campaign’.
Reliance Power: Reliance Power has secured a significant contract for 500 MW/1000 MWh battery energy storage system (BESS) from Solar Energy Corporation of India (SECI). The contract is part of a larger tender for 1000 MW/2000 MWh that will enhance India’s energy storage capabilities and support the integration of renewable energy into the grid.
Bharat Petroleum Corporation : The Central Pollution Control Board (CPCB) has issued a show cause notice to BPCL for failing to install vapour recovery systems at 28 storage terminals.
IPOs of these companies will be listed today
PN Gadgil Jewellers (Mainline), SPP Polymers (SME) and Trafficsol ITS Technologies (SME) will be listed on the stock exchange today.
