The SGX Nifty signals a flat start for the Indian benchmark indices Sensex and Nifty today. Cues from US markets also remain positive ahead of the US Fed outcome expected later today. The Nifty today will likely see resistance at 17,250, and on the downside, the Nifty’s immediate support stands at 16,950, according to analysts.
Top stocks to watch today include Hindustan Zinc, Vedanta, Tata Motors, Devyani International, Greenlam Industries and Tata Power besides others.
Hindustan Zinc/Vedanta: Shares of Hindustan Zinc and Vedanta will be in focus today after Hindustan Zinc ltd on Tuesday declared dividend of Rs 10,990 cr for its shareholders.
Tata Motors: Tata Motors stock in focus today after the company announced a hike in prices for commercial vehicles by upto 5% from April 1,2023, largely to comply with stringent BS6 phase II emission norms. The hike in prices will be applied across range of CVs.
Devyani International: Temasek Holdings, through its wholly owned subsidiary Dunearn Investments on Tuesday offloaded a 2.8% stake or 3.44 crore shares of Devyani International via open market at an average price of Rs 145.04 per share. The buyers included Franklin Templeton Mutual Fund, as they bought 62 lakh shares or 0.5% stake at an average price of Rs 145.
Greenlam Industries: Smiti Holding and Trading Company on Tuesday sold 33.42 lakh shares of company via open market transaction at an average price of Rs 306 per share. However, Asiana Fund I bought 33.42 lakh shares or 2.63 percent stake in the company at the same average price, data showed.
Tata Power: Tata Power Renewable Energy, subsidiary of Tata Power on Tuesday received the ‘Letter of Award’ (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up a 200 MW solar PV project in Solapur, Maharashtra.
Indian Oil: Indian Oil shares will be in focus today after the company gets in-principle approval to ser up Paradip Petrochemical Complex at Paradip, Odisha. The estimated cost of the entire project is Rs 61,077 crore.
