GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lacklustre as the index was trading 37 points or 0.15% higher at 24,255 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 closed the session 27 points or 0.11% lower at 24,195, while the BSE Sensex fell 106 points or 0.13% to close at 80,004.
Stocks to watch on November 27, 2024
Infosys
Infosys, the country’s second-largest IT services firm, has declared an 85% average performance bonus for the eligible employees for the September quarter, The Financial Express reported citing sources. The bonus will be disbursed to Band 6 and below employees, encompassing junior to mid-level staff across delivery and sales units, who collectively form the majority of Infosys’ workforce.
Reliance Power
The Delhi High Court has stayed the Solar Energy Corporation of India’s (SECI) decision to bar Anil Ambani group company Reliance Power from participating in auctions for three years, the company said on Tuesday.
Zomato
Deepinder Goyal, managing director and chief executive officer of food delivery company Zomato, has voluntarily extended the waiver of his annual remuneration of Rs 3.5 crore by two years, till the end of 2025-26 (FY26), according to the company’s qualified institutional placement (QIP) documents.
NTPC
NTPC Green Energy, a wholly owned subsidiary of NTPC, incorporated a 50:50 joint venture with Maharashtra State Power Generation Company (MAHAGENCO). The new JV MAHAGENCO NTPC Green Energy (MNGEPL) will develop, operate and maintain renewable energy park(s) in Maharashtra under the Ultra-Mega Renewable Energy Power Parks(UMREPP) scheme
Vedanta
UK-based Vedanta Resources, the parent of India’s Vedanta, has raised $800 million from global investors through a new bond issue. The proceeds will be used to prepay the company’s outstanding debt due in 2028. Vedanta Resources Finance II PLC (VRF) said in a Singapore exchange filing that it has raised $ 800 million by issuing new bonds.
Mahindra & Mahindra
Mahindra & Mahindra launched its latest electric SUVs, the XUV 9e and BE 6e, at the Mahindra Research Valley in Chengalpattu on Tuesday.
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