GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 310 points or 1.28% lower at 23,944 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 closed the session 137 points or 0.56% lower at 24,199, while the BSE Sensex fell 502 points or 0.62% to close at 80,182.
Stocks to watch on December 19, 2024
NHPC
State-run hydro power company, NHPC is under discussions with the Bhutan government to form a joint venture company to undertake hydropower projects in the country, a senior executive of the company told FE. The move comes amid the company’s plan to expand its business overseas.
Infosys
The country’s second-largest IT services firm, Infosys, inaugurated a state-of-the-art development centre (DC) in New Town, Kolkata, marking a major milestone in West Bengal’s IT growth story. Built with an investment of over Rs 426 crore, the 320,000 sq ft facility is designed to accommodate over 4,000 employees in a hybrid working model.
InterGlobe Aviation
IndiGo has proposed to the Directorate General of Civil Aviation (DGCA) a step-by-step increase in the weekly rest period for pilots, saying it wants the implementation to begin from June 2025, reported Business Standard. The airline has opposed any increase in the “night duty window,” which refers to the period between 12 am and 5 am during which operations are subject to stricter fatigue management regulations, as it could have a “severe operational impact”.
IndusInd Bank
Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it.
Welspun Corp
Welspun One, the logistics and industrial property arm of Welspun group, plans to raise Rs 4,000 crore to fund its expansion. The platform plans to double its portfolio size from 16 million square feet to around 32 million sq ft by 2028. It has already identified a pipeline of approximately 8 million sq ft across multiple assets.
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