On Friday, equity benchmark indexes are projected to continue their losses from the previous session due to unfavorable global indications. The SGX Nifty, which was trading at 17,480, suggested that the Nifty index might start more than 100 points lower.
The US markets fell overnight on increased rate rise worries. The Dow Jones, NASDAQ Composite, and S&P 500 indexes all fell by up to 2%.
Asia-Pacific markets were also down this morning, with the Nikkei 225, Topix, and S&P 200 all losing more than 1%.
Meanwhile, here are some stocks to keep an eye on in trading today:
RIL: The company’s arm, Reliance Polyester, has finalized the purchase of Shubhalakshmi Polyesters and Shubhlaxmi Polytex’s polyester businesses.
Reliance Consumer Products has introduced the ‘Campa’ beverage brand.
Bank of Baroda: The bank’s board of directors has authorized the sale of up to 49 percent of its shares in its subsidiary, BOB Financial Solutions.
REC: The board of directors of the state-owned non-banking financing business REC met on Thursday and approved a Rs 1,20,000 crore market borrowing plan for 2023–24.
Wipro has been chosen by Menzies Aviation to modernize its air freight services.
Infosys: The business has partnered with mobility expert ZF to redesign its multi-tier supply chain using SAP Integrated Business Planning (SAP IBP) and Infosys Cobalt.
Swan Energy: Swan Energy has inked a deal to lease its floating storage regasification vessel to Botas of Turkey, a state-owned natural gas and LNG corporation, via its subsidiary Triumph Offshore Private (TOPL).
Zydus Lifesciences: The business has gained final FDA clearance for erythromycin pills, which are used to treat a broad range of bacterial infections.
PNC Infratech: The business has been awarded two new hybrid annuity highway projects totaling Rs. 4,043 crore.
Dredging Corp.: The Southern Naval Command in Kochi has awarded the business a Rs 64 crore annual maintenance dredging contract for FY23. The contract comprises 1.5 million cubic meters of dredging per year in the Naval Channel in Ernakulam, Kochi.
NBCC (India) has received work orders totaling Rs 229.81 crore for the development of the new IIFT campus in Kakinada.
IRB Infra: The road infrastructure developer announced toll collection of Rs 352 crore for February 2023, a 27 percent increase over the previous year’s total toll income of Rs 277.5 crore. Its private InvIT subsidiary, IRB Infrastructure Trust, increased toll collection by 12.7% year over year to Rs 75.52 crore in February 2023.
Mukand: The business has inked a share purchase agreement for the sale of 5.51 percent of Mukand Sumi Special Steel’s equity shares to Jamnalal Sons. Mukand Sumi Special Steel is a Bajaj Group joint venture, with Jamnalal Sons as a promoter group entity.
Apcotex Industries announced that the multi-purpose extension facility for the manufacture of synthetic latex emulsion polymers at its factory in Taloja, Maharashtra, has been commissioned and commercial production has begun.
IFL Enterprises: The board of directors has authorized a stock split of one equity share of face value Rs 10 into ten equity shares of face value Rs 1 each, as well as a bonus share issuance of one share for every four shares owned by shareholders.
Welspun Corp.: Its subsidiary Welspun DI Pipes has acquired the BSI UK’s ‘Kitemark’ accreditation for sizes ranging from 100 to 1,000 DN in accordance with EN 545 and ISO 2531 standards.
EP Biocomposites: In addition to its existing manufacturing of FRP doors, the firm has expanded into the manufacture of laminated doors. This product has been successfully tested by the firm and is now ready for commercial release.
Ajanta Pharma: The board of directors will meet today to discuss a share purchase proposal.
HAL: The board of directors will meet today to discuss the declaration of the second interim dividend.
PSP Projects: The company has received work orders totaling Rs 123.38 crore from the institutional, industrial, and residential sectors.With the aforementioned orders, the overall order inflow for the current fiscal year is Rs 3,415.97 crore.
Hind Rectifiers is a company that makes rectifier equipment and semi-conductor devices. The company’s new factory in Nashik, Maharashtra, has started making products for sale. The advantages of these new manufacturing lines will be available beginning in 2023–24.