GIFT Nifty indicated that Indian stock indices BSE Sensex and NSE Nifty 50 may see a positive opening in the special trading session to be held on Saturday. Here's a look at the key stocks to watch out for when trading.
Special trading session | Stocks in Focus: GIFT Nifty traded higher as the index rose 60.50 points or 0.27% to 22,511.00, indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Saturday. Earlier on Friday, the NSE Nifty 50 gained 355.95 points or 1.62% to settle at 22,338.75, while the BSE Sensex closed 1,245.05 points or 1.72% higher at 73,745.35.
Stocks to watch for the special trading session on March 2, 2024
ZEE Entertainment
Sony Group's Indian subsidiary Culver Max has challenged the maintainability of Zee Entertainment's plea on merger enforcement before the National Company Law Tribunal (NCLT) in Mumbai. The NCLT will hear Sony's plea and other applications related to the Sony-Zee merger case on March 12, media reported on Friday.
pay
On March 1, the Financial Intelligence Unit fined Paytm Payments Bank under the Prevention of Money Laundering Act. The RBI fined PPBL a charge of Rs 5.49 crore as users of subsidiary Paytm were found to be involved in various illegal activities, including arranging and facilitating online gambling, it said in a press release. .
torrent power
Torrent Power, an integrated power company of Torrent Group, has signed an agreement with NTPC to supply power from its gas-fired power plant during the upcoming crisis/high power demand periods next summer, from March 16, 2024 to June 30, 2024.
wipro
After implementing an average variable pay of 80% for two quarters, Wipro, the Indian IT company, offered an average of more than 85% to its employees for the third quarter of the current fiscal year, according to two company sources.
The Adani Group will invest Rs 75,000 crore in Madhya Pradesh in various sectors such as cement, roads, power and natural resources, a move that would generate more than 15,000 jobs. The group has made a wave of investments in various states of the country, mainly to develop infrastructure across sectors.
jio financial
S&P BSE rebalanced index and added only Jio Financial to S&P Large Cap BSE Index. It has also been added to the BSE Allcap and LargeMidcap indices.
Axis Bank's board of directors approved raising Rs 4,000 crore through long-term bonds, non-convertible debentures and other debt instruments on March 1.
Information edge
Google Play Store removed the company's Naukri and 99acres apps citing non-compliance with the tech giant's app billing policy for an extended period, according to company founder Sanjeev Bikchandani. The move is part of a broader initiative by Google to remove apps from Indian developers that do not comply with its billing policies, Moneycontrol reported.
The USFDA conducted a pre-approval inspection at the manufacturing facility of Cipla (Jiangsu) Pharmaceutical Co, a subsidiary of the company, located in Qidong, Jiangsu Province, China, from February 26, 2024 to March 1 of 2024. The inspection concluded with zero Observations of model 483, according to the stock exchange presentation.
