New Delhi: Indian indices surged to new lifetime highs on Thursday, September 20, 2024, after the US Federal Reserve slashed the policy rate by 50 basis points to 4.75-5 per cent in an aggressive policy easing move. The Sensex rose 236.57 points to close at 83,184.80, while the Nifty was up 38.25 points to 25,415.80. Here are stocks that may be in focus on Friday, September 20, 2024:
Bharti Airtel: The company’s stocks rose on Thursday after the Supreme Court rejected its plea for review of the AGR dues verdict.
BEL: The Navaratna PSU inked an agreement with Canada’s Reliasat for collaboration in the domain of space products.
HDFC Bank: HDFC Bank is likely to close a loan sale worth over Rs 9000 crore by the end of September, Reuters reported, citing people familiar with the matter.
Infosys: The IT firm announced plans to invest nearly Rs 17 crore in GalaxEye Space Solutions, a space tech startup.
IIFL Finance: The company notified the exchanges that the RBI had lifted curbs on its gold loan business.
Jindal India: The company said it will invest Rs 1,500 crore to expand the annual production capacity to 1.6 million tonne.
L&T: The company and its 3 affiliates purchased an 8.03 per cent stake in Cube Highways Trust via open market transactions for Rs 1,243 crore.
Macrotech Developers: The company raised its stake in 3 warehousing firms by purchasing shares of Ivanhoe Warehousing India worth Rs 239.56 crore.
NTPC: The company’s shares surged on Thursday after its unit NTPC Green filed papers for an IPO worth Rs 10,000 crore with SEBI. The company’s board also cleared an investment worth Rs 9,790.87 crore for stage-III of the Sipat Super Thermal Power Project.
Oil marketing cos: Shares of BPCL, HPCL and IOCL may remain in focus after oil minister Hardeep Singh Puri said oil prices are unlikely to be slashed before the upcoming Maharashtra Assembly polls.
Reliance Infra: The company’s board of directors raised Rs 3,014 crore via preferential issue for 12.56 crore shares.
SJVN: The company said it had generated 8,489 million units (MUs) of green energy in 2023-24 from multiple projects.
Vodafone Idea: The telco’s stock declined over 15 per cent on Thursday after the Supreme Court junked a plea for review of AGR dues.
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Stocks in News Today: From Vodafone Idea to HDFC Bank, here are stocks that are likely to remain in focus today in September 20, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
