Stocks to Watch- Adani Ports & Special Economic Zone, Balrampur Chini Mills, Triveni Engineering, Dalmia Bharat Sugar, Vedanta
时间:2024-06-26 09:03:32 阅读(143)
Stocks in Focus: GIFT Nifty traded flat at 21,074.5 down merely 0.01%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 dropped 36.55 points or 0.17% to settle at 20,901.15, while the BSE Sensex slipped 132.04 points or 0.19% to 69,521.69.
“Markets finally snapped a 7-day winning streak as weak global cues fueled selective profit-taking in domestic stocks after the recent upsurge. Investors preferred to book some profit in some richly valued stocks ahead of tomorrow’s monetary policy announcement. Despite today’s weakness the market undertone remains bullish on the back of revival in FII flows and rising hopes that the US Fed may not tinker with rates amid moderating inflation and growth. If today’s uninspiring session is any indication, then Nifty will waver and trade choppy in tomorrow’s session with the biggest hurdles now seen at the psychological 21,000 mark, while the biggest support is placed at 19,521 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
The Indian Government on Thursday banned the use of ‘sugacane juice and sugar syrup’ for ethanol production in the 2023-24 supply year that started this month, in order to maintain adequate sugar availability for domestic consumption and to keep prices under check.
VedantaLondon-headquartered Vedanta Resources (VRL) is in talks with a clutch of foreign investors to raise $1.25 billion, ahead of its debt maturity of $1 billion in January 2024. The debt, which would be raised at higher interest rates than existing ones, is expected to be finalised as early as next week. A VRL spokesperson confirmed the development but did not disclose the names of the investors with whom the firm is in discussions.
Container Corporation of IndiaWith an aim to promote sustainable and eco-friendly renewable solar energy, Container Corporation of India and (NVVN) have signed a Memorandum of Understanding (MoU) to explore the possibility of setting up PV Solar renewable energy projects in CONCOR terminals, the company said in a regulatory filing.
(With agency inputs.)
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