Global pressure may impact the market today. Focus will remain on stocks such as IndusInd Bank, Sun Pharma, NTPC, Tata Capital, BEL, and Ashoka Buildcon. US recession fears and foreign investor activity will be key factors.
Stocks To Watch Today: Weakness is expected in the Indian stock market today. Global market declines, concerns about a US recession, and foreign investor activity could influence market trends. Declines in Asia-Pacific markets and a significant sell-off on Wall Street may put downward pressure on the market.
Global Indicators and Market Overview
At 6:40 AM, GIFT Nifty futures were trading at 22,303, down 212 points, indicating a weak opening. Global markets saw declines due to US recession fears and growing concerns over tariff policies.
S&P 500 – Down 2.7%, reaching its lowest level since September
Nasdaq – Down 4%
Dow Jones – Down 2.08%
Market Focus on These Stocks Today
IndusInd Bank
An internal review revealed irregularities in the bank's derivatives portfolio, negatively impacting its net worth by up to 2.35% until December 2024. This could put downward pressure on the bank's shares.
Sun Pharma
Sun Pharma has agreed to acquire Checkpoint Therapeutics, a US Nasdaq-listed immunotherapy and targeted oncology company. The deal will be completed with a cash payment of approximately ₹3,099 crore (USD 350 million).
Bharat Electronics (BEL)
The company has received new orders worth ₹843 crore, including RF seekers, vessel, and air traffic management systems. Year-to-date (FY2024-25), the company has received orders totaling ₹14,567 crore.
Ashoka Buildcon
The company has secured a ₹311.92 crore project from the Maharashtra State Electricity Transmission Company Limited. This involves the establishment of a 400/220 kV substation in Nandgaon Peth, Amravati district.
Tata Group
Tata Capital plans to raise USD 750 million from the external market. This amount will be raised under its medium-term note (MTN) program and used for lending and other business needs. Additionally, Tata Capital is preparing for an IPO by 2025.
HEG
Singularity Fund has decided to invest ₹250 crore in Bhilawan Energy. The fund also has an option to invest an additional ₹250 crore.
Gensol Engineering
The company's promoters have invested ₹29 crore through warrant conversion at a price of ₹871 per share.
Aditya Birla Capital
The company will invest ₹300 crore in its subsidiary, Aditya Birla Housing Finance. This investment will be made through a rights issue to boost growth and improve its financial position.
Premier Explosives
The company has signed a joint venture agreement with Global Munitions for the manufacturing of defense and aerospace products.
NTPC
NTPC Group and its subsidiary NTPC Green have signed a Memorandum of Understanding (MoU) with the Chhattisgarh government worth ₹96,000 crore. This investment will play a significant role in the development of the energy sector.
