New Delhi: Indian indices closed lower on Wednesday amid expectations of a rate cut with hawkish commentary by the US Federal Reserve. The 30-share BSE Sensex closed 502.25 points lower at 80,182.20, while the Nifty was down 137.15 points to 24,198.85. On the 30-share Sensex, Tata Motors, Power Grid, and NTPC were the top gainers while TCS, RIL, and Tech Mahindra were the top drags.
Here are stocks that are likely to remain in focus on Thursday, December 19, 2024:
Brigade Group: The real estate company gave a guidance of Rs 500 crore revenue from its upcoming green housing project in Bengaluru.
Cochin Shipyard: The company announced that it had begun construction of next generation Missile Vessels for the Indian Navy.
DOMS Industries: The stationery maker is likely to witness a block sale from investor Fabbrica Italiana Lapis ed Affini worth approximately Rs 764 crore equalling a 3.05 per cent stake. The Italian company owns a 30.58 per cent stake in DOMS.
Inox Wind: The renewable equipment maker said it has secured a 60 MW order to supply 3 MW class wind turbines to Serentica Renewables. The order entails the delivery of wind turbines in the first half of 2025.
IOL Chemicals: The pharmaceutical company said its board will consider the division of shares by December 27, 2024. The board will decide on the quantum of the proposed stock split, according to the exchange filing.
IPCA Labs: The company’s promoter sold a Rs 600 crore stake equalling 1.6 per cent of its total equity via open market transactions on Wednesday.
Shriram Finance: The NBFC said it had raised funds to the tune of $1.277 billion in multiple currencies through the external commercial borrowing route.
Shoppers Stop: The retail megastore operator witnessed a 4 per cent stake sale by US-based e-commerce giant Amazon via open market transactions on Wednesday.
Sugar stocks: Oil marketing companies are likely to consider purchasing sugar from co-operatives instead of mills demanding long-term agreements, CNBC Awaaz reported. This is likely to bring down the price of ethanol to Rs 1-1.5 per litre from Rs 2-2.5 per litre demanded by sugar mills.
PowerGrid: The company’s board gave its nod to a proposal for raising Rs 4,250 crore via bond issuance on a private placement basis.
Punjab & Sind Bank: The lender said it had raised Rs 3,000 crore via its maiden infrastructure bond with an eye on expanding its infrastructure lending portfolio.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks in News Today: From Brigade Group to Punjab & SInd Bank, here are stocks that are likely to be in focus on Thursday, December 19, 2024. Indian indices have closed in red for 2 straight days owing to global investor caution regarding the US Federal Reserve’s monetary policy decision. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
