The SGX Nifty suggests a poor start for the Indian benchmark indices Sensex and Nifty. Today, the Nifty will most likely face resistance around 17250 and support at 16,950.
Shares of HDFC Bank, HDFC, Can Fin Housing, Sun Pharma, Torrent Pharma, and RVNL are among the top stocks to watch today.
HDFC Bank and HDFC Stock: HDFC Bank and HDFC Stock will be in the spotlight today after the NCLT authorized the merger of HDFC and HDFC Bank on Friday.
Can Fin Homes’ stock is in focus after the business announced on Saturday the hiring of Suresh Srinivasan Iyer as its new MD and CEO for a three-year period. Suresh was the previous head of Bandhan Bank’s home financing division.
Sun Pharma: Sun Pharma shares will be under focus today after Concert Pharma revealed findings from its Phase 3 clinical study, THRIVE-AA2. Deuruxolitinib increased scalp hair regeneration in alopecia areata, according to the findings.
RVNL: The stock of RVNL (Rail Vikas Nigam Ltd) is in focus today as the business has emerged as the lowest bidder for the new BG Railway Line of the HORC project, at a cost of Rs 1088 crore.
Torrent Pharma: This will be the stock to watch when the business undergoes a USFDA pre-approval examination of its oral oncology manufacturing plant in Gujarat.
Cochin Shipyard: Cochin Shipyard will be in the spotlight since the business has received orders worth Rs 550 crore.