Stocks in Focus: GIFT Nifty traded flat at 19,443.5, down marginally 0.04%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. On Tuesday, the benchmark domestic indices ended in red. The NSE Nifty 50 fell 0.56% to settle at 19,528.75, while the BSE Sensex tumbled 316.31 points to 65,512.10.
“Bearish sentiment prevailed through the trading session as weak Asian cues triggered corrections in automobile, oil & gas and metal stocks. Globally, the dollar’s continued strength against major currencies, including rupee has resulted in a flight of capital to safe haven dollar securities, thus making investors jittery. Ahead of the RBI’s credit policy outcome on Friday, markets may witness sideways movement, with focus likely to be on rate-sensitive sectors,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
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Stocks to Watch on October 4, 2023
Adani Enterprises
Abu Dhabi conglomerate International Holding Company (IHC) announced on Tuesday that it has raised its stake in Adani Enterprises to above 5%, days after it sold its stakes in two other Adani Group companies, Adani Green Energy and Adani Energy Solutions.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC Stocks To Watch: Bharti Airtel, ONGC, BEML, Adani Energy Solutions, Bharti Hexacom, Lupin, Shree Cement
Bajaj Finserv
Bajaj Allianz General Insurance Company (BAGIC), an unlisted material subsidiary of the Company, has received a Show Cause Cum Demand Notice from the Directorate General of GST Intelligence, Pune Zonal Unit, under Section 73(1) of the Central Goods and Services Tax Act, 2017 (the Act), on 29 September 2023 alleging a tax demand of Rs 1010,05,80,540, according to regulatory filings.
Maruti Suzuki India
The company has received draft Assessment Order for the FY 2019-20 wherein certain additions/ disallowances amounting to Rs 21,597 million with respect to returned income (the income disclosed by the Company in its Income Tax return) have been proposed, according to the information available on the NSE.
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Rail Vikas Nigam
The company has secured a deal of Rs 444,26,24,392 (including applicable taxes) from the Himachal Pradesh government for the development of distribution infrastructure in the North Zone of Himachal Pradesh under the Revamped Reforms-based and Results-Linked Distribution Sector Scheme.
“M/s RVNL emerges as the Lowest Bidder (L1) for “Development of Distribution Infrastructure at NORTH ZONE of Himachal Pradesh under the Revamped Reformsbased and Results-linked, Distribution Sector Scheme (Loss Reduction Works), according to regulatory filings.
Raymond
The Board of Directors approved to invest an amount up to Rs 301 Crore in one or more tranches in Ten X Realty (‘TXRL’), a step down wholly owned subsidiary of the Company. Out of the said investment, the Company will invest up to Rs 125 Crore in the form of Redeemable Preference Shares which would be subject to such terms as may be finally decided and agreed. A balance amount of Rs 176 Crore will be invested by providing Inter Corporate Deposit (ICD) to TXRL, according to the information available on the NSE.
Updater Services
The shares of the business services company will make its debut on NSE and BSE today.
2023 was seemingly a record-breaking year for new releases on Steam with over 14,000 titles launching on the storefront over the last 12 months.
That's according to the latest estimates from SteamDB, which indicate that 14,531 games were released on the digital marketplace in 2023. It's a significant upswing on the previous record set during 2022, when an estimated 12,562 titles landed on Steam.
October 2023 was also the most saturated month for new releases on record, with 1,324 titles hitting the storefront during that window.
SteamDB's data suggests the number of annual Steam releases has been on a near-continuous upward trajectory since the platform opened its doors to third-party developers …
Today's the day GameStop announced earnings for the second quarter of its 2017 fiscal year, and while revenues climbed slightly it looks like profits fell as sales of both new and pre-owned games slipped. Come from South African Online Casinos
In terms of numbers, the company reported profits of $22.2 million on sales of $1.68 billion during the quarter, which ended July 29th. That's about $5 million less than the $27.9 million in profits on $1.63 billion in revenue it saw during the same period last year.
So what changed? GameStop says that while sales of new video game hardware rose about 14.8 percent (in large part due to continuing demand for Ninte…
Gamescom has already unleashed new trailers and game reveals, but for some players, the big attraction was a new Xbox Adaptive Joystick. Microsoft’s new controller is designed to help players with limited mobility jump back into the world of video games.
Via the Xbox official site, the Xbox Adaptive Joystick is a simplified version of the standard Xbox controller that has four regular buttons, as well as two more buttons that handle the bumper and trigger commands. However, the thumbstick is truly customizable for the needs of individual gamers. Microsoft has already designed a number of different thumbsticks that can be 3D printed and inserted into the Xbox Adaptive Joystick. At least one of the options allows players to use their chin to control the movement if their hands aren’…
Netflix has confirmed that it will not go ahead with six games it previously planned to release. A spokesperson for the streaming giant said the six games, including the Lord of the Rings game Tales of the Shire, are no longer coming out for Netflix Games due to a change in strategy.
The spokesperson told What’s On Netflix they aren’t being released as part of “adjusting our portfolio as we learn more about what our members like.”
