Stocks To Watch: Maruti Suzuki India, Tega Industries, Zomato, Coal India
New Delhi: The domestic stock markets are expected to trade in positive zone on Wednesday, taking cues from the global markets. Asian stocks rose from a one-year low as U.S. share futures and oil recovered from the previous day's selloff, but uncertainty over the impact of the Omicron coronavirus variant kept investors on edge. Trends on SGX Nifty also indicated a higher opening for the markets back home. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures rose 0.67 per cent or 113.55 points to 17,150.50.
The benchmark BSE Sensex had closed 195.71 points or 0.34 per cent lower at 57,064.87 on Tuesday; while the broader NSE Nifty had declined 70.75 points or 0.41 per cent to settle at 16,983.20.
Here Are Stocks To Watch During Today's Session:
Maruti Suzuki India: The country's largest carmaker has flagged the impact of chip crunch on the vehicle production at two of its manufacturing units in the country due to the semiconductor shortage situation.
Tega Industries: The company, which manufactures and distributes specialised 'critical to operate' and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry, will float its initial public offering (IPO) on December 1. The offer will conclude on December 3 and price band has been kept at Rs 443-453 per share.
Zomato: The food delivery company Zomato has unveiled Zomato Wings, a platform to help restaurants raise investments. Zomato said "it would facilitate fundraising for its partner restaurants by helping them position their story and metrics and connecting them with investors."
Coal India: The State-run company plans to invest Rs 19,650 crore by the financial year 2023-24 (FY24) to increase coal transportation capacity by 330 million tonnes (mt) by constructing rail links and setting up joint ventures (JVs). The company's board has also approved payment of interim dividend for FY22 at Rs 9 per share of the face value of Rs 10 as against Rs 7.5 per share announced last year.
NTPC: The state-owned power giant has stated that 250-MW unit-4 of its Nabinagar power plant will begin commercial from the midnight of Wednesday. "Unit-4 of 250 MW capacity of Nabinagar Thermal Power Project (4X250 MW) of Bhartiya Rail Bijlee Company Limited (a subsidiary company of NTPC Ltd) is declared on commercial operation w.e.f. 00:00 hrs of December 1, 2021," according to a BSE filing.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.