GIFT Nifty traded up by 45.50 points or 0.21% at 22,551 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Saturday’s special session. Here are the top stocks to watch for the day.
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening in Saturday’s special session. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 45.50 points or 0.21% at 22,551 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Saturday’s special session. Previously, on Friday, the NSE Nifty 50 ended up by 62.25 or 0.28% to settle at 22,466.10 while the BSE soared 253.31 points or 0.34% to 73,917.03.
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“Despite mixed global signals and uncertainties surrounding the US Fed, the Indian market experienced a robust recovery, largely fuelled by the outperformance of the broader market and positive Q4 earnings, Geojit Financial Services.
Nair also added that Further, some index heavyweight earnings surpassed expectations, and midcap and small-cap stocks continued to exhibit buying interest during dips. Auto and consumer durables particularly stood out with strong earnings momentum.
Stocks to Watch on May 18, 2024
Universal Cables
Company approved organic expansion plan of production capacities at company’s Satna and Verna facilities. Organic expansion with capital outlay of 2.77 billion rupees.
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Phoenix Mills
Company announces appointment of Kailash B. Gupta as CFO.
Centrum Capital
Company announces resignation of Sriram Venkatasubramanian as Chief Financial Officer. Company appoints Shailendra as Chief Financial Officer.
Bank of Baroda
Company signed MoU for incorporation of CCIL IFSC and equity contribution of 6.125% in the company. Company will act as a ‘clearing house’ and ‘system provider’ for providing foreign currency settlement system services in GIFT City.
SPML Infra
Company signed a master restructuring agreement with National Asset Reconstruction Co. Company has to pay 9.67 billion rupees in 10 years to NARCL.
Apollo Tyres
Company to acquire 5.09% shareholding of Green Infra Wind Energy Generation.
Dr. Reddy’s Laboratories
Company announces USFDA completed a routine GMP inspection at their formulations manufacturing facilities in Duvvada. Company has been issued a Form 483 with two observations.
