Indian equity markets are expected to open muted on Tuesday, with the GIFT Nifty indicating a flat start. On Monday, both the NSE Nifty 50 and BSE Sensex closed in positive territory, with Nifty rising by 0.60% and Sensex adding 445 points.
Stocks in Focus:
Adani Power: The stock faces pressure as Bangladesh has halved its power imports from Adani due to lower demand and disputes over unpaid dues. Adani had previously cut its power supply to Bangladesh, citing payment delays.
ONGC: Oil and Natural Gas Corporation is exploring offshore mineral mining, leveraging its expertise in drilling in subsurface and offshore areas, signaling diversification beyond its core oil and gas operations.
Tata Consumer Products: The company plans to double its beverage vending machines to 4,000 by FY25, tapping into the growing HORECA segment.
Swiggy: The food delivery giant is expanding its 10-minute delivery service, Bolt, to over 400 cities, extending its reach to tier-2 and tier-3 cities.
Torrent Power: Torrent Power aims to raise up to Rs 5,000 crore through a QIP at a floor price of Rs 1,555.75 per share.
Pricol: The company has acquired Sundaram Auto’s Injection Moulding business, adding Rs 730 crore to its topline.
Hindustan Unilever: The company has paid Rs 192.55 crore as part of a tax dispute related to its acquisition of IP from GSK.
