Stocks to watch out for on Wednesday
The Indian benchmarks are likely to open on a subdued note on Wednesday amid lack of directional cues from Asian markets. The SGX Nifty, which was trading at 10,158, suggests that the Nifty may open with marginal loss of 9 points at opening bell.
Following are the important stocks to watch out for Wednesday’s trading session:
Telecom stocks: These stocks would be in focus as the telecom regulator has cut interconnect charges to 6 paise from 14 paise currently. Termination charges will be nil from 2020.
Hindustan Copper: The company has signed memorandum of understanding with NALCO and Mineral Exploration Corp to form a joint venture for exploration and sale of minerals.
Shreyas Shipping: The company has signed a Memorandum of Agreement (MoA) for acquisition of on container vessel of about 1500 TEUs. The delivery is expected by Mid-October 2017.
Shilpi Cables: BDR Builders and Developers Private Limited has acquired 18.47% stake in the company.
Bajaj Finserv: The company has partnered with Flipkart to offer no cost EMI option.
Dixon Technologies and Bharat Road Network: The recently listed stocks on the mainstream bourses has been added to the BSE IPO Index.
Indian markets ended Tuesday’s session on a negative note after trading in a range-bound movement throughout the session. At the end of the day, Nifty finished at 10,148 with losses of 6 points and the BSE Sensex slid 21 points to settle at 32,402.