Stock News: Equity markets are expected to reopen on Tuesday following an extended holiday break, with a cautious outlook due to muted signals from international markets.
As of 07:10 AM, Gift Nifty futures were listed at 19,857, in comparison to the NSE Nifty50’s closing figure of 19,795 on Friday.
The US market closed in the red overnight as bulls took a breather after a robust gain the previous week. The spotlight this week will be on the Fed chair’s speech and inflation figures. – Stock News
Closer to home, the Nikkei and Straits Times fell up to 0.3%, while the Kospi and Taiwan gained 0.4% apiece.
In other developments, strong domestic momentum appears to have countered headwinds from high food prices and sluggish exports, according to S&P Global Ratings, which upped India’s GDP growth prediction for the current fiscal year (FY24) by 0.4 percentage points to 6.4%. However, the ratings agency has downgraded the growth projection for FY25 from 6.9% to 6.4%. – – Stock News
Meanwhile, these are the stocks that will most likely be watched on Tuesday.
BSE
With a “Buy” rating and a price target of Rs 2,700, international brokerage house Jefferies has started covering the BSE. The company projects a 24% increase from the present levels. In the last six months, the BSE’s shares have increased four times.
Life Insurance Corporation
As a part of its efforts to undergo digital transformation, the insurance giant is actively considering the establishment of a fintech unit, as stated by Chairman Siddhartha Mohanty.
Adani Group
In the Adani-Hindenburg case, the Supreme Court postponed making a decision on Friday and hinted that it would provide the Sebi more guidance. In the meantime, the latter informed the court that it would not ask for further time to finish the probe.
IndiGo
An agreement has been reached between Noida International Airport and IndiGo for the latter to serve as the airport’s launch carrier. The airport is expected to open for business by the end of 2024.
Satin Creditcare Network
The board will convene on November 30 to discuss and accept a plan to raise money through the private sale of shares or debentures.
Realty
Sales of luxury homes in India have increased to 97% in the previous nine months as more individuals want larger, more modern interiors with designated areas for working from home.
Fortis Malar Hospitals
to sell MGM Healthcare the Malar Hospital in Gandhi Nagar, Chennai, for a sum of Rs 45.50 crore.
Stocks in F&O ban today
On Tuesday, the following stocks were prohibited from trading futures and options: Balrampur Chini, BHEL, Granules India, Hindustan Copper, HPCL, Indiabulls Housing Finance, and Zee Entertainment.
Cello World
In contrast to the previous June quarter’s net profit of Rs 11.02 crore, the freshly listed firm posted a net profit of Rs 17.70 crore for the quarter that ended in September 2023. With Rs 251.38 crore in total revenue, there was a 1.7% QoQ increase.
Honasa Consumer
The exchanges have reduced the daily circuit limit for the stock from 20% to 10% in response to the recent significant volatility in share price.
Newgen Software
The issuance of bonus shares in a 1:1 ratio has been approved by the board of the corporation.
Eicher Motors
has introduced a new Himalayan bike, priced starting at Rs 2.69 lakh. Additionally, the Royal Enfield Shotgun 650 would cost Rs 4.25 lakh ex-showroom.
Siemens
to release the September quarter’s findings now.
