Stocks in Focus: GIFT Nifty traded flat at 19,621 up merely 0.07%, during Wednesday’s early trading session, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. The benchmark domestic indices ended Tuesday’s trading session in negative territory. The NSE Nifty 50 slipped 9.85 points to 19,664.70, while the BSE Sensex fell 0.12% to 65,945.47.
“The marginal rebound on the global front combined with oversold positions is capping the downside however the tone is still bearish. A decisive move above 19,750, which coincides with 20 EMA, may prompt some recovery. Amid all, we reiterate our view to stay stock-specific and avoid aggressive positions,” said Ajit Mishra, SVP – Technical Research, Religare Broking.
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Stocks to Watch on September 27, 2023
Infosys
The IT giant announced yesterday that it is collaborating with Microsoft to jointly develop industry leading solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Maruti Suzuki India, GMR Airports Infra, Brightcom Group, Hindustan Zinc, Adani Enterprises, Kolte-Patil Developers Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC Stocks To Watch: Realty Stocks, Lupin, Tata Power, PB Fintech, SBI, Suzlon Energy, Godrej Consumer, ABFRL
Vedanta
Moody’s Investors Service downgraded the corporate family rating of Vedanta Resources from Caa1 to Caa2 due to the elevated risk of debt restructuring over the next few months.
SBFC Finance
The company’s officials are scheduled to meet Kotak Mutual Fund, Nippon Mutual Fund, Axis Mutual Fund, ICICI Prudential Mutual Fund, ICICI Prudential Life Insurance Company Limited, Birla Mutual Fund and Neuberger Berman today in Mumbai, according to the information available on the NSE.
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Glenmark Pharmaceuticals
The company’s officials are scheduled to participate in the Kotak Healthcare Forum 2023 in Mumbai today.
Sai Silk Kalamandir
Ethnic apparel retailer Sai Silks (Kalamandir) is scheduled to make its debut on bourses today.
Signature Global India
Delhi-NCR-based realty firm Signature Global is scheduled to make its debut on the BSE and NSE today.
