Indian benchmark indices ended lower on September 27, with the Nifty slipping below 26,200. The BSE Midcap and Smallcap indices remained relatively flat. The top losers on the Nifty included Power Grid Corp, Bharti Airtel, HDFC Bank, ICICI Bank, and Hero MotoCorp, while BPCL, Cipla, Sun Pharma, Coal India, and Bajaj Finserv were among the top gainers. Sector-wise performance was mixed, with auto, metal, IT, pharma, and oil & gas sectors rising by 0.5-1%, while realty, banking, media, FMCG, and telecom sectors declined by 0.5-1%. The Sensex closed 264.27 points or 0.31% lower at 85,571.85, and the Nifty declined 37.00 points or 0.14% to 26,179.00.
Stocks to Watch on September 30 –
Green Zone
- Reliance Industries: Gets approval from the Ministry of Information and Broadcasting for transferring its non-news business to Star India.
- Adani Enterprises: Its joint venture unit April Moon Retail acquires a 74% stake in Cococart Ventures for ₹200 crore.
- IndusInd Bank: Board proposes a 3-year term for Sumant Kathpalia as CEO, pending RBI approval.
- BEL (Bharat Electronics Ltd): Registers a joint venture with AIA, Israel, for repair and maintenance of medium-range surface-to-air missiles.
- RailTel: Secures an order worth ₹134.5 crore from Adani Connex for advanced smart metering infrastructure.
- Zydus Lifesciences: Gets US FDA approval for Enzalutamide Capsules.
- Welspun Enterprises: Emerges as the lowest bidder for BMC Water Tunnel Project worth ₹1,990 crore.
- Alembic Pharmaceuticals: Receives Establishment Inspection Report (EIR) for its Oral Solid Facility (F-I) from the US FDA.
- Piramal Pharma: US FDA issues an EIR for its manufacturing facility in Ahmedabad.
- Reliance Infrastructure: Calcutta High Court upholds a ₹780 crore arbitration award against Damodar Valley Corporation.
- Hind Rectifiers: Bags an order worth ₹98 crore from Indian Railways.
- Craftsman Automation: Invests ₹126 crore in a German holding company to complete previously announced SPAs and drive growth.
- Kaynes Technology: To acquire a 100% stake in Iskraemeco India for ₹43 crore.
- Mangalore Chemicals: Resumes production at its ammonia and urea plants.
- Asian Energy Services: Secures an ₹82 crore contract from Oil India for 2D seismic data in the Rajasthan Basin.
Red Zone
- GAIL: Revises completion schedule for Srikakulam-Angul and Mumbai-Nagpur pipeline projects.
- Biocon: US FDA issues 4 observations for its API facility in Bengaluru.
- Eicher Motors: Royal Enfield to replace defective reflectors on bikes manufactured between Nov 2022 and March 2023 for free.
- Lupin: Receives 3 US FDA observations each for its Pithampur Unit 1 API and Finished Product Manufacturing Unit.
- Zomato: Akriti Chopra resigns as Co-Founder and Chief People Officer, effective September 27.
- Angel One & 5Paisa: NSE and BSE update transaction charges to comply with SEBI circular.
- Jindal Stainless: Divestment in Jindal Coke and stake acquisition in Iberjindal remain incomplete; options being assessed.
- Sterling & Wilson: Promoters sell a 7.14% stake via block deals; MS Asia and Societe Generale are buyers.
- Jubilant Pharmova: US FDA classifies its Canada unit as “Official Action Indicated”.
