The GIFT Nifty futures were trading in the green before the market’s opening on Tuesday. Domestic Indices are expected to open on a similar positive note.
On Monday, domestic equity indices, NSE Nifty 50 and S&P BSE Sensex, plunged over heavy offloading amid rising geopolitical tensions in the Middle East. The Sensex slid nearly 485 points or 0.73% to 65,512.39, while the Nifty closed at 19,512.35, tumbling 0.72% or about 142 points.
Here are some of the stocks likely to be in focus on October 10.
Mazagon Dock Shipbuilders: The shipbuilder has inked a Letter of Intent (LOI) with a European client for the construction of 10 7500 DWT (Deadweight tonnage) Multi-Purpose Hybrid Power Vessels, 6 firm and 4 optional units. The prices for this would be decided when signing the contract.
Bhageria Industries: The renewable energy company has received a solar engineering, procurement, and construction (EPC) project order with a capacity of 11.40 megawatt peak (MWp) worth Rs 104.49 crore in APM Terminal, Kingdom of Bahrain.
Genus Power Infrastructures: A wholly-owned subsidiary of the company has received two letters of award (LoA) worth Rs 3,115.01 crore for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs), including the design of Advance Metering Infrastructure (AMI) system and system meters including DT Meters with corresponding energy accounting on Design Build Finance Own Operate Transfer (DBFOOT) basis.
GR Infraprojects, Patel Engineering: Dibang Power Consortium, a joint venture (JV) between GR Infraprojects and Patel Engineering, has executed a civil work contract agreement with NHPC Ltd worth Rs 3,637 crore.
Tata Steel: International credit rating agency Fitch has upgraded its Issuer Default Rating for the steelmaker to ‘BBB-’ from ‘BB+’ with a ‘Stable’ outlook.