The GIFTY Nifty futures were trading in the red during the early hours before the opening of the markets on Wednesday. Domestic Indices are expected to open on a similar negative note.
Domestic equity indices ended lower on Monday after a long winning streak. The S&P BSE Sensex ended its longest winning streak since October 2007 at 67,596.84, 0.36% or 241.79 points lower. The NSE Nifty 50 was down 59.05 points or 0.29% at 20,133.30.
Here are some top stocks to watch out for on September 20.
Bharat Dynamics Ltd (BDL): Bharat Dynamics inked a contract with the Indian Air Force (IAF) to supply surface-to-air missiles worth Rs 290.90 crore.
HDFC Bank: The Reserve Bank of India (RBI) has approved the reappointment of Sashidhar Jagdishan as the managing director (MD) and CEO of HDFC Bank for a period of three years from October 27, 2023, to October 26, 2026.
Biocon: The board of the drug manufacturer has approved the appointment of Peter Bains as the group chief executive officer (CEO) with immediate effect from September 18, 2023. Bains will be reporting directly to the Group Chairperson, Ms. Kiran Mazumdar-Shaw.
Tata Motors: The automaker announced on Monday that it will increase the prices of its commercial vehicles by up to 3% from October 1, 2023. The price increase is to offset the residual impact of past input costs. The prices of commercial vehicles have already increased by up to 5% from April 1 this year.
Blue Star: The company’s QIP opened for subscription on September 18 at a floor price of Rs 784.55. The company aims to raise funds up to Rs 1,000 crore.
Reliance Industries Ltd (RIL): Reliance Jio launched the Jio AirFiber and its related services in eight metro cities on September 19. The price of natural gas produced from difficult areas of Reliance Industries is reportedly to be cut by about 14% from next month in line with softening energy prices. Further, the retail cosmetic arm of the company, Reliance Retail Ventures’ Tira, will also reportedly partner with South Korean beauty and cosmetics conglomerate Amorepacific Corp to open a hundred physical stores of the latter.