Indian Stock market continues to show volatility in GIFT Nifty to BSE Sensex and NSE Nifty 50. Currently GIFT Nifty is trading around 310 points, which is 1.28% lower and indicates a negative start for domestic Nifty 50 and BSE Sensex on Thursday. NIFTY 50 closed at 137 points and BSE Sensex fell to 502 points. What are the stocks to watch today? Let’s take a look.
Stocks to Watch December 19th, 2024
Infosys: India’s second largest IT service company Infosys inaugurated its new centre in Kolkata yesterday. West Bengal CM Mamata Banerjee inaugurated the Infosys Development Centre in New Town Kolkata. It’s a milestone for the company and West Bengal’s IT and Economic growth as well. The new campas will make 4000 new jobs and boost the company’s revenue further more.
NHPC: NHPC is already discussing with neighboring country Bhutan with a joint venture company to undertake Hydropower Projects on the country. This will help expand business and significantly boost the company’s growth.
IndusInd Bank: Reliance Nippon Life Insurance, is a subsidiary of the financially strained Reliance Capital (RCAP). The company is in discussions with IndusInd Bank to establish a bank and insurance company partnership. This development comes as the acquisition process involving IndusInd International Holdings Ltd. (IIHL) and RCAP nears completion. The parent company of IndusInd Bank, came up as the successful bidder to acquire RCAP along with its subsidiaries.
Asian Paints: Two senior executives resigned from Asian Paints, On December 17, 2024. Shyam Swamy, Vice President of Home Improvement, Décor, Services and Retailing, and Vishu Goel, Associate Vice President of Retail Sales, Commercial and Marketing, announced their resignations. The company accepted their decisions immediately. Till now Asian Paints has not disclosed the reasons behind their unexpected resignations. This created room for speculation in the market regarding the implications for the company’s leadership and strategic direction.
Welspun Corp: Welspun One, the logistics and industrial real estate division of the Welspun Group, has revealed its plans to raise Rs 4,000 crore. Which will support its expansion strategy. The company aims to double its operational portfolio from 16 million square feet to 32 million square feet by the year 2028.
