The SGX Nifty indicates a weak start for the Indian benchmark indices Sensex and Nifty. The Nifty today will likely see resistance at 17250 and on the downside, while the Nifty support stands at 16,950.
Top stocks to watch today will include shares of HDFC Bank and HDFC, Can Fin Homes, Sun Pharma, Torrent Pharma and RVNL besides others.
HDFC Bank and HDFC: HDFC Bank and HDFC stock will be in focus today after the NCLT on Friday approved the merger of HDFC into HDFC Bank.
Can Fin Homes: Can Fin Homes stock in focus after the company on Saturday announced the appointment of Suresh Srinivasan Iyer as their new MD & CEO for a term of three years. Suresh is the former head of Bandhan Bank’s Housing Finance space.
Sun Pharma: Shares of Sun Pharma will be in focus today after Concert Pharma announced data from its Phase 3 Clinical Trial, THRIVE-AA2. The data shows that Deuruxolitinib improved scalp hair regrowth in Alopecia Areata.
RVNL: RVNL (Rail Vikas Nigam Limited) stock in focus today as the company has emerged as the lowest bidder for new BG Railway Line of HORC project, and the cost of project is Rs 1088 crore.
Torrent Pharma: Torrent Pharma will be the stock to watch after the company will see USFDA Pre-Approval inspection of Oral Oncology Manufacturing facility, Gujarat.
Cochin Shipyard: Cochin Shipyard will be in focus as the company has bagged orders worth Rs 550 crore.