Indian stock markets are likely to see a slight upward trend on Thursday. GIFT Nifty is indicating a flat opening. Investors will be watching several stocks today, including Hyundai, NHPC, Wipro, Adani Enterprises, and Trent.
Stocks to Watch: The Indian stock market may open on a flat note with a positive bias on Thursday, March 20. Asian markets are showing gains following the US Federal Reserve's decision to hold interest rates steady. However, the GIFT Nifty indicates a muted opening for domestic equities.
GIFT Nifty futures, an early indicator of Nifty 50 index performance, were trading at 23,069 at 7:40 AM, up 2 points or 0.01 percent. This suggests a muted or flat opening for the market.
Stocks to Watch Today
1. Hyundai Motor India
Hyundai Motor India has announced a price increase of up to 3% for its vehicles from April 2025. The company cited increased input costs, higher commodity prices, and elevated operational expenses as reasons for the decision.
2. Trent Limited
The Tata Group company has signed a share purchase agreement to acquire THPL Support Services Limited (THSSL) from Trent Hypermarket Private Limited (THPL) for ₹166.36 crore. THSSL operates in warehousing and other related services.
3. NHPC Limited
NHPC's board has approved a plan to raise up to ₹6,300 crore through bonds via private placement during fiscal year 2026. This move is aimed at supporting the company's expansion and financial strengthening.
4. Indian Overseas Bank (IOB)
The public sector bank's board considered and approved the issuance of long-term infra bonds worth ₹10,000 crore during fiscal year 2025. The bank has also launched a Qualified Institutional Placement (QIP) to raise up to ₹2,000 crore.
5. Wipro Limited
Leading IT company Wipro has announced new generative AI services to boost innovation, economic growth, and digital sovereignty. This initiative is under Wipro's locally governed AI framework, utilizing NVIDIA AI Enterprise software.
6. Dhani Services Limited
Dhani Services has signed a memorandum of understanding (MoU) with some landowners for 5.37 acres of land in Gurugram through its subsidiary. This will increase the area of the company's wholly-owned project, 'IndiaBulls Estate and Club,' from 24 acres to 29.37 acres.
7. Avenue Supermarts (DMart)
Avenue Supermarts, the parent company of DMart, invested ₹174.9 crore by purchasing 4.66 crore equity shares of its subsidiary, Avenue E-commerce Limited, at ₹10 per share. The deal was struck at an issue price of ₹37.41 per share.
8. Can Fin Homes Limited
The company's Chief Financial Officer (CFO), Apurva Agrawal, resigned citing personal reasons. Prashant Joshi has been appointed as the interim CFO effective March 20.
9. Raymond Limited
Raymond reported that its Non-Executive Director, Nawaz Singhania, resigned on March 19. The company plans to appoint a new director following this decision.
10. Adani Enterprises Limited
A subsidiary of Adani Enterprises, a flagship company of the Adani Group, has completed the formation of a joint venture company, Pranita Ecocables (PEL), with Pranita Ventures Private Limited. Kachchh Copper Limited will hold 50% of PEL's equity share capital.
11. Trent Limited (Repetition)
The Tata Group company has signed a share purchase agreement to acquire THPL Support Services Limited (THSSL) from Trent Hypermarket Private Limited (THPL) for ₹166.36 crore.
