The Indian stock market is expected to open on a cautious note on Tuesday, influenced by multiple global and domestic factors. Market sentiment remains uncertain due to former U.S. President Donald Trump’s tariff plans, weak global market trends, and persistent selling by foreign institutional investors (FIIs).
Stocks to Watch Today
Public Sector Banks (PSBs)
- The Indian government has invited bids to appoint lead managers and brokers for stake sales in select Public Sector Banks (PSBs) and Financial Institutions (FIs). This could impact banking stocks as the sector undergoes restructuring and privatization plans.
Biocon
- Biocon’s subsidiary has launched Yesintek in the U.S., a treatment for common chronic autoimmune diseases. This move strengthens Biocon’s presence in the biopharmaceutical segment.
United Spirits Limited (USL)
- Sources indicate that the Indian government is considering reviewing import duties on alcohol, particularly Scotch whisky from the UK. This could impact liquor manufacturers and importers in India.
Akzo Nobel
- The company has approved the sale of its powder coatings business and R&D center to its parent organization. This move is part of Akzo Nobel’s strategic realignment.
NTPC Group & NTPC Green Energy
- NTPC has signed multiple MoUs to invest Rs 2 lakh crore at the Madhya Pradesh Summit.
- NTPC Green has signed an MoU with MP Power Generating Company to establish renewable energy capacity of up to 20 GW. These developments highlight NTPC’s commitment to clean energy expansion.
Sharda Motor
- The company plans to transfer lease rights on land for Rs 23 crore, signaling potential restructuring or expansion.
Texmaco Rail & Engineering
- Texmaco has signed an MoU with Poland-based Nevomo Forge to develop Magrail technology and other railway tech solutions. This collaboration aims to boost India’s rail transport infrastructure.
Adani Green Energy
- Adani Green has operationalized an additional 67 MW solar power project at Khavda, Gujarat. This expansion strengthens the company’s renewable energy portfolio.
SBI Cards
- The company reported a decline in total January spends by 5.6%, with average spends per card down 14.2% month-on-month. This indicates changing consumer spending patterns.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
