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Today’s penultimate trading day for the year 2022 is expected to be volatile, as global markets were seen reeling under selling pressure. Due to the monthly F&O expiry on Thursday, sharp movements in the latter portion of the trading day cannot be ruled out.
The SGX Nifty futures were quoted at 18,050 at 07:50 AM, compared to the actual Nifty 50 close of 18,122 yesterday.
Meanwhile, the following stocks are expected to experience some trading today.
KFin Technologies: Given the low demand for the IPO and the prevailing market sentiment, the company is likely to see a tepid listing. According to the GMP, the stock may open around its issue price of Rs 366 per share (Grey Market Premium).
SBI: The bank’s execution committee will meet on January 3rd to discuss a plan for collecting cash.
Bharti Airtel: According to a corporate executive, the telecom operator expects to invest up to Rs 28,000 crore in network infrastructure, with a focus on 5G rollout. While the business intends to boost capital investment by 10% to 15%, it has no intentions to charge a premium for 5G services because it has not worked in several nations that have attempted to do so.
Sheela Foam: According to media sources, the company plans to acquire out competitor Kurl-on for Rs 2,000 crore. According to an ICICIdirect analysis, Ghaziabad-based Sheela Foam distributes mattresses under the brand Sleepwell and has a market share of roughly 25%.
Reliance Industries: Mukesh Ambani has been the CEO of Reliance Industries (RIL) for the past 20 years. According to experts, RIL is a corporation for New India, having inherited historic textile and oil companies and expanding into retail, telecom, and digital.
NBFCs: While rising interest rates and tighter liquidity are negative signals for the financial sector, rising economic activity may result in increased business volumes for lenders.
Life Insurance Corporation of India (LIC): According to a top source familiar with the issue, the insurer has the resources to obtain a composite licence, and the insurance behemoth may consider entering the health and general insurance markets.
McLeod Russel: As part of the restructuring with secured lenders, debt-ridden McLeod Russel India is engaging with “several investors” to monetize assets and inject new cash. The company’s final third credit rating, which was postponed due to the Covid epidemic, is expected to be presented by January 10, according to the official.
Real Estate: Following a two-year pandemic-induced slump in the real estate market, 2022 provided a ray of light, with most industry categories recovering from Covid lows and recording strong year-on-year growth. According to industry experts, this growth trend is projected to continue in the calendar year 2023.
Stocks subject to a F&O ban: On Thursday, the only two stocks subject to a F&O ban were Balrampur Chini and Indiabulls Housing Finance.
