GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap up opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded higher as the index was up 137 points or 0.62% at 22,084 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 dipped 1,379.40 points or 5.93% to settle at 21,884.50, while the BSE Sensex tanked 4,389.73 points or 5.74% to close at 72,079.
Stocks to watch on June 05, 2024
Infosys
Infosys on Tuesday announced its collaboration with Nihon Chouzai (TSE), Japan’s dispensing pharmacy chain, in order to expand healthcare access in Japan with enhanced online medication guidance services and payment solutions.
Wipro
Wipro announced the appointment of Bruno Schenk as the Country Head and Managing Director for Switzerland, effective immediately. The company said that Bruno Schenk will report to Wipro’s Europe CEO Pierre Bruno. Schenk succeeds René Mulder, who has decided to pursue opportunities outside Wipro.
Container Corporation of India
Container Corporation of India (CONCOR) signed an MoU with Shipping Corporation of India (SCI) to explore business opportunities for leveraging the advantage of each other’s infrastructure and experience in synergy to offer seamless and cost-effective end-to-end logistics services to customers under a single window.
Tata Motors
On Tuesday, Tata Motors board approved to set up a wholly-owned subsidiary for commercial vehicles business. The company proposed the name of the new unit as TML Commercial Vehicles. The firm will be a wholly-owned subsidiary of the company, said Tata Motors in a regulatory filing.
Hindustan Aeronautics
A Sukhoi fighter plane of the Indian Air Force crashed in the Nashik district of Maharashtra on Tuesday, and the co-pilot ejected safely.
Jindal Stainless
On Tuesday, Jindal Stainless acquired Evergreat International Investment Pte Ltd, Singapore (EIPL). “Acquired 100 per cent stake of EIPL. Consequently, EIPL has become a wholly owned subsidiary, and Chromeni Steels Private Limited (CSPL) a step-down subsidiary,” said the company in an exchange filing.
