Indian indices, namely Sensex and Nifty 50, concluded Thursday’s session with minimal movement, exhibiting a slight negative inclination due to the absence of new market catalysts. The Sensex declined by 78 points, representing a decrease of 0.09%, concluding at 84,481.81. Meanwhile, the Nifty 50 saw a slight dip of 3 points, or 0.01%, finishing at 25,815.55. The BSE Midcap index recorded slight gains of 0.05%, while the Smallcap index experienced a decline of 0.28%.
“Markets exhibited a cautious demeanor and concluded the session unchanged, continuing the current consolidation phase.” Following a subdued beginning, the Nifty made an effort to rebound in the initial half of the session but could not maintain elevated levels, gradually declining as the day unfolded, ultimately closing at 25,815.55. Sectoral trends exhibited a mixed performance, characterized by selling pressure in energy, auto, and pharma sectors. In contrast, IT demonstrated resilience, while financials and metals experienced selective engagement. The broader markets exhibited volatility yet ultimately closed flat, indicating selective participation within the market,” stated Ajit Mishra.
Following the market’s closure on Thursday, several corporate actions occurred at the listed entities, which is anticipated to draw the interest of stock investors. Based on those corporate actions, we present a selection of stocks that are anticipated to stay on the radar of investors.
Equities to Monitor :
- Ola Electric mobility promoter Bhavish Aggarwal on Thursday sold an additional 2.83 crore shares through a bulk deal, continuing his stake sale for the third consecutive session. The shares were transacted at Rs 31.60 each, with the total transaction amounting to Rs 90.27 crore, as per exchange data.
- Swiggy, Waaree Energies, Premier Energies, and Bajaj Holdings & Investment shares are set to attract attention in Friday’s session following the NSE’s announcement regarding their inclusion in the Futures & Options (F&O) segment, effective December 31.
- Bharat Petroleum Corporation and Coal India announced on Thursday that their boards have approved the formation of a joint venture to establish a coal gasification project at Western Coalfields in Maharashtra, subject to obtaining the necessary regulatory clearances.
- HCL Tech disclosed on Thursday that it has reached an agreement to acquire the telecommunications solutions division of Hewlett Packard Enterprise (HPE).
- Bharti Airtel disclosed that its board has sanctioned the initial and final call of Rs 401.25 per share, which includes a premium of Rs 397.50, on 39.23 crore outstanding partly paid-up equity shares.
- Shriram Finance announced that its board is scheduled to convene on Friday to evaluate the possibility of raising capital via a potential stake sale.
- Vodafone Idea announced that its subsidiary, Vodafone Idea Telecom Infrastructure Limited (VITIL), has successfully raised Rs 3,300 crore through the issuance of unlisted, unrated, secured non-convertible debentures (NCDs).
- Reliance Industries FMCG division, Reliance Consumer Products, has secured a controlling interest in Udhaiyam Agro Foods Private Limited, thus incorporating the Tamil Nadu-based legacy nutrition brand Udhaiyam into its portfolio.
- Aditya Birla Fashion and Retail announced on Thursday that the Deputy Commissioner of State Tax in Mumbai has issued an order imposing a tax demand on the company following the conclusion of audit proceedings.
- Lupin disclosed on Thursday that its subsidiaries in the Philippines and Brazil have entered into an exclusive licensing agreement with Italy-based Neopharmed Gentili S.p.A, which provides them the rights to market and promote the gastroenterology brand Plasil in their respective markets.