Today’s Stock Highlights: Paytm, Maruti, ICICI Lombard, Lupin, and PolicyBazaar
Wednesday, April 10, 2024: Keep an Eye on These Stocks – Indian stock markets reached all-time highs in trading yesterday, with the BSE S&P Sensex surpassing the 75,000 marks, reaching a peak of 75,124, while the NSE Nifty hit a record high of 22,768. However, profit-taking at higher levels led the benchmark indices to close marginally lower on Tuesday.
At 07:20 AM, Gift Nifty futures indicated that the Nifty may open on a positive note, as they quoted around 22,830 as against the NSE Nifty close of 22,643.
Cues from the Asian markets were mixed. Hang Seng and Straits Times gained 0.6 per cent each, while Nikkei and Kospi slipped 0.5 per cent each.
Overnight the US market ended on a sluggish note for the second straight day as investors awaited key CPI inflation numbers later tonight. Dow ended unmoved; while the S&P 500 and Nasdaq edged 0.1 per cent and 0.3 per cent, respectively.
Among commodities, Gold futures continued to trade at record high levels at $2,365 per ounce. Brent Crude was seen swinging around $90 per barrel.
Back home, traders may want to adopt a cautious stance ahead of the trading holiday tomorrow on account of EID.
Meanwhile, here are the stocks that are expected to be on investors radar this Wednesday.
Maruti: The auto major on Tuesday said it has added a new assembly line at its plant in Manesar, Haryana, which has increased the company’s total manufacturing capacity from 2.25 million units to 2.35 million units.
Paytm: Surinder Chawla, MD and CEO of Paytm Payments Bank has resigned ‘on account of personal reasons’, the company said in a regulatory filing yesterday. The resignation would be effective from June 26.
ICICI Prudential Life Insurance Corporation stated in a filing to the exchange that it has been served with a GST notice amounting to Rs 20.50 for the financial year 2018-19 by the Gujarat tax office.
Lupin: The pharma major announced launch of the first generic version of Oracea (doxycycline capsules 40 mg) in the US.
Gateway Distriparks: CFO Sikander Yadav has resigned due to personal reasons.
Stocks in F&O ban today: Bandhan Bank, Exide Industries, Hindustan Copper, Vodafone Idea, India Cement, SAIL and Zee Entertainment are the seven stocks in futures & options ban period on Wednesday.
A court has asked police to file a case against ICICI bank CEO Chanda Kochchar and the private bank's head Read more
NEW DELHI: Aviation stocks are on cloud nine with the old listed companies - Jet Airways and SpiceJet - touching Read more
Shares of India's automobile major, Tata Motors have slipped by 1.5% to quote at Rs 396 after the company posted Read more
TOKYO: Japanese stocks fell on Wednesday after a private survey stoked fears that China's economy may be losing steam while Read more
