The Indian benchmark indices are likely to open higher today as the SGX Nifty rose 58 points to 17,145 level amid mixed global cues. The stock market was less volatile on Tuesday, due to losses in banking, metal and auto shares.
Sensex closed 195 points lower at 57,064 and Nifty lost 70 points to end at 16,983. Tata Steel was the top Sensex loser, with losses of 3.87 per cent, followed by Kotak Bank, Bajaj Auto, M&M, Bharti Airtel, Reliance Industries, IndusInd Bank, and Maruti.
Here is a look at stocks that are likely to remain in news today.
Maruti Suzuki: The car maker said in December the total vehicle production volume at its plants in both Haryana and Gujarat could be around 80% to 85% of normal production. The semiconductor shortage situation is behind the projected fall in output, which caused the supply constraint of electronic components to be cited by the company.
NTPC: The state-owned power giant said 250 MW unit 4 of its Nabinagar power plant will begin commercial at the midnight of Wednesday. Unit 4 of 250 MW capacity of Nabinagar Thermal Power Project 4 X 250 MW of Bhartiya Rail Bijlee Company Limited a subsidiary company of NTPC Ltd is declared to be a commercial operation. According to a BSE filing, the deadline for December 1st, 2021, was f. 00: 00 hrs. The NTPC group's commercial capacity will be 67,907 with this. It stated 5 megawatts MW.
Coal India: The state-owned company plans to invest 19,650 crore by FY 24 to increase coal transportation capacity by 330 million tons mt and set up joint ventures JVs Rail Vikas Nigam: The company has signed a MoU with the Economic Policy Research Institute of KYR GYZ Republic, Government of Kyrgyzstan for the development of railway corridor projects in Kyrgyz Republic from Bishkek to Karakechenskoye.
NMDC: State-owned mining company NMDC has cut prices of lump ore by Rs 750 a tonne and fines Rs 200 per tonne. The company said in a regulatory filing that it had revised the rates of lump ore or higher grade ore to Rs 5,200 a tonne.
Axis Bank: The private lender has received nods from both the Bombay Stock Exchange BSE and Nation Stock Exchange NSE to reclassify four insurers from the promoter category to public shareholders. Axis Bank said that BSE and NSE have granted their approval for the reclassification of the aforementioned promoters to the Public Category from Promoter category in their respective letters dated November 30, 2021.
Zomato Wings'' is a platform that connects investors with restaurants to raise funds, which has been announced by Zomato: The online food delivery platform. In a blog post, Deepinder Goyal said that the initiative came at a time when thousands of restaurants may not have the expertise or focus to fundraise at the right time.
Infosys: The IT firm said it will transfer Daimler's High Performance Computing HPC workloads, used to design vehicles and automated driving technologies to one of Europe's greenest data centres, Lefdal Mine Datacenter in Norway.
Sun Pharmaceutical Industries said that its arm DUSA Pharmaceuticals Inc has reached an agreement with Biofrontera to resolve a dispute over trade secrets and unfair practices, following which DUSA will receive $22.5 million from Visit Health VHPL, a fully owned subsidiary of PolicyBazaar. The proposal was cleared by the board of directors of PB Fintech.
Strides Pharma Science: SBI Funds Management sold 66,400 equity shares in the firm through open market transactions on November 29, reducing shareholding to 5.42 per cent from 5.50 per cent earlier in the day.