Stocks To Watch: Wipro, HDFC, Nykaa, Hero MotoCorp
New Delhi: The domestic stock indices are likely to trade in green on Wednesday, taking cues from their global peers. Asian stocks steadied and demand for safe-havens waned a little as investors regarded Russian troop movements near Ukraine and initial Western sanctions as leaving room to avoid a war. Trends on SGX Nifty indicated a positive opening for the markets back home. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures rose 38 points or 0.22 per cent to 17,240.50.
The benchmark BSE Sensex had dropped 383 points or 0.66 per cent to close at 57,301 on Tuesday; while the broader NSE Nifty had moved 114 points or 0.67 per cent lower to end at 17,092.
Here Are Stocks To Watch During Today's Session:
Wipro: Wipro Ventures, the corporate investment arm of IT services major Wipro, has invested in a US-based startup, vFunction. Alongside, Wipro Ltd has formed a joint go-to-market partnership with vFunction, which has developed a scalable, AI (Artificial Intelligence) based technology platform for modernising Java applications and accelerating migration to the cloud.
HDFC: Societe Generale has offloaded shares of Housing Development Finance Corp (HDFC) worth nearly Rs 1,730 crore through an open market transaction. Societe has sold nearly 71 lakh shares at an average price of Rs 2,436.8 apiece. In a separate transaction, BNP Paribas Arbitrage has bought shares of HDFC at the same price.
FSN E-Commerce Ventures (Nykaa): The company stated that its litigation with L'Oreal S.A. has been settled.
Jet Airways: Former Sri Lankan Airlines Chief Executive Officer (CEO) Vipula Gunatilleka has been appointed as Chief Financial Officer of Jet Airways. He will be joining the airline from March 1.
Hero MotoCorp: Hero MotoCorp and Bharat Petroleum Corporation Ltd (BPCL) have collaborated to set up charging infrastructure for two-wheeled electric vehicles (EVs) across the country.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
