GIFT Nifty Opening Update
GIFT Nifty opened today at 23,327.50. It is down -51.50 points (-0.22%) from yesterday’s close of 23,400.00- so the trend is negative.
Investors in the Indian stock market are expected to monitor a range of companies on Wednesday, September 23, in light of significant business developments, order acquisitions, expansion strategies, changes in stakes, and various corporate announcements. SUGS Lloyd, HCL Technologies, Solex Energy, Allied Blenders & Distillers, and Persistent Systems are among the stocks expected to attract attention. JSW Dulux may also attract attention following the company’s announcement of the record date for its proposed 1:10 stock split.
Equities to Monitor:
- SUGS Lloyd has obtained a Rs 213.48 crore contract from Marshal Enterprises for low-tension and high-tension infrastructure loss-reduction projects under the RDSS initiative in Punjab. The projects were initially conferred by PSPCL.
- HCL Technologies: HCLTech has been chosen by the UK-based infrastructure services provider M Group to enhance IT operations at over 200 locations. The company announced its intention to implement the AI Force service transformation platform within the framework of the AI-led managed services program.
- Solex Energy: The solar PV module manufacturer has established a revenue target of Rs 4,500 crore by FY28, detailing its expansion strategy at its 12th Annual General Meeting.
- Oil sensitive stocks: Crude oil prices continued to decline, with Brent crude decreasing by 2.5% to $97.8 per barrel, marking its lowest point in two weeks. This drop follows reports indicating that Iran has proposed to reopen the Strait of Hormuz within a week, contingent upon the US easing military pressure and lifting its blockade of Iranian ports.
- Adani Stocks: Billionaire Gautam Adani’s group firms have resolved one of the investigations concerning allegations from a US short-seller, thereby alleviating some of the regulatory pressures facing the ports-to-power conglomerate, according to a report.
- Allied Blenders & Distillers: Co-promoter Bina Kishore Chhabria intends to divest 55 lakh shares, representing a 1.97% stake, in the open market from September 23 to October 31 to comply with minimum public shareholding regulations.
- Persistent Systems has raised its ownership in Nagarro to 83.25% by acquiring an additional 61.15% via its voluntary public takeover offer. The additional acceptance period for Nagarro shareholders is set to commence on September 23 and conclude on October 6.
- JSW Dulux has established October 22, 2026, as the record date for its 1:10 stock split. Under the approved proposal, each fully paid-up equity share with a face value of Rs 10 will be subdivided into 10 shares with a face value of Re 1 each.
