GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded muted as the index was trading 4.5 points or 0.02% higher at 24,115 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 closed the session 360 points or 1.49% lower at 23,914, while the BSE Sensex rose 1,190 points or 1.48% to close at 79,044.
Stocks to watch on November 29, 2024
ONGC
State-owned Oil and Natural Gas Corporation (ONGC) has made four more discoveries since it first made an oil field near Ashokenagar in West Bengal six years back but is still awaiting the state government’s nod for a petroleum mining lease to develop them, Oil Minister Hardeep Singh Puri said on Thursday.
Zee Entertainment
Punit Goenka, CEO, Zee Entertainment, on Thursday underscored his commitment to achieving the revenue (8-10%) and margin targets (18-20%) set by the company over the next three years, as it steers through an evolving domestic media market.
State Bank of India
State Bank of India is poised to touch the Rs 100 trillion mark in total business in the next financial year, provided it maintains the current rate of 14-16% loan growth and 10% growth in deposits, said SBI Chairman CS Setty.
Reliance Industries
A US subsidiary of Reliance Industries (RIL) has picked up a 21% stake in US-based Wavetech Helium, Inc., marking the oil-to-telecom conglomerate’s expansion in the helium segment which has a significantly lower carbon footprint.
Sun Pharmaceutical
Sun Pharmaceutical Industries said the Ministry of Corporate Affairs has levied penalties on certain past and present directors and officials, including CMD Dilip Shanghvi, for non-disclosure and not obtaining approval of its board and shareholders for certain related party transactions.
PCBL
PCBL said that the second and final phase of its speciality chemical capacity expansion at the Mundra plant in Gujarat has been successfully commissioned. This expansion adds 20,000 MTPA to the company’s existing capacity, bringing the total speciality chemical capacity at Mundra to 40,000 MTPA.
SAIL
John Cockerill India announced that it has signed an MoU with the Steel Authority of India (SAIL) to promote advanced green steel solutions in India.
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