The GIFT Nifty futures were trading in the red for the fourth straight session before the market’s opening on Friday. Domestic Indices are expected to open on a similar negative note amid sluggish trends in global markets.

Domestic equity indices, S&P BSE Sensex and NSE Nifty 50 ended lower for the third consecutive session on Thursday. The Sensex closed at 66,230.24 after sliding 0.85% or 570.60 points, while the Nifty tumbled 159.05 points or 0.8% to settle at 19,742.35.

Here are some of the top stocks in the news on September 22.

ICICI Bank: The private bank has inked an agreement with Quantum CorpHealth Pvt Ltd to purchase a 9.99% stake through subscription of 100 equity shares and 3,33,200 compulsorily convertible preference shares (CCPS) for a total consideration of Rs 4.99 crore. The acquisition is expected to be completed by the end of October 2023.

Glenmark Life Sciences, Glenmark Pharmaceuticals: The board of Mumbai-based Glenmark Pharma has approved the sale of 91.89 crore shares, equivalent to a 75% stake in its subsidiary, Glenmark Life Sciences, to Nirma Limited sale at Rs 615 per share for a total deal size of Rs 5,651 crore, indicating a valuation of Rs 7,535 crore. Post the disinvestment, the parent company will continue to hold a 7.84% stake in the life sciences subsidiary. 

Vedanta: The committee of directors of the mining major on Thursday approved raising up to Rs 2,500 crores by issuing 2,50,000 secured, unrated, unlisted, redeemable, non-convertible debentures (‘NCDs’) of face value Rs 1,00,000 each in one or more tranche(s).

NBCC: The public sector unit has bagged a Rs 100 crore sale order from SAIL Bhilai Steel Plant for development work in the township and mines. 

Wipro: The chief financial officer (CFO) of Wipro, Jatin Pravinchandra Dalal, has stepped down from his position, effective November 30, 2023, to pursue other career opportunities. Aparna C. Iyer will replace him as the newly appointed CFO.