After the sharp decline in the Indian equity market on Tuesday, domestic equities are likely to open largely flat on Wednesday, September 16. At around 7:15 a.m., Gift Nifty was trading around 23,220, up 17.50 points, or 0.08%.
Global market uncertainty and several key economic and corporate developments are likely to remain in focus. Higher crude oil prices, concerns over inflation and the US Federal Reserve’s monetary policy decision could influence market direction. The US Federal Reserve is scheduled to announce its interest-rate decision on September 16. Investors may therefore remain cautious ahead of any major decision or indication from the central bank.
Strength in crude oil prices is an important factor for India as a major oil-importing country. Higher oil prices can put pressure on the import bill and inflation. Domestic investors will therefore track global market trends along with upcoming economic indicators.
After Tuesday’s sharp decline, whether the market sees some recovery on Wednesday will depend on the performance of major indices and heavyweight stocks during early trading. Corporate updates from several companies could also increase activity in select stocks.
The company is scheduled to announce its quarterly financial results today. The company’s performance and business outlook accompanying the results could lead to activity in the stock.
The company reported a profit of Rs 25 lakh in the recent period, compared with a loss of Rs 1.08 crore in the previous period. Revenue also increased to Rs 6.48 crore from Rs 4 lakh.
Passenger traffic at the airport operator increased 0.9% to 94.35 lakh. Domestic passenger traffic declined 1.1% to around 71 lakh, while international passenger traffic increased 0.5% to approximately 24 lakh. Aircraft movements increased 6.3% to 62,498.
Peak XV Partners Investments and Sequoia Capital are likely to sell up to 10.02 crore equity shares of Groww’s parent company through a block deal. The stake represents around 1.6% of the total equity. The proposed deal size is reported at Rs 1,918.3 crore, with a floor price of Rs 191.45 per share.
The company has received an order worth Rs 1,041.63 crore from Solar Energy Corporation of India (SECI) for the supply of solar PV modules.
Sonata Information Technology has entered into a five-year Strategic Collaboration Agreement with Amazon Web Services (AWS). The agreement aims to accelerate cloud adoption and modernization among companies in India.
BHEL will form a 50:50 joint venture with Titagarh Rail Systems. The joint venture will be associated with comprehensive maintenance of Vande Bharat Sleeper trainsets supplied by BHEL for 35 years.
The company has received work orders worth a total of Rs 144.98 crore from North Eastern Electric Power Corporation, SAIL, Damodar Valley Corporation and the Enforcement Directorate in Bhubaneswar.
The company has received Technical Equivalence approval in the UK for one of its pesticide products.
W.J. Towell & Co LLC has sought the setting aside of an Arbitration Award issued in favour of Blue Star before the Dubai Court of Appeal.
At its board meeting scheduled for September 18, the company will consider a proposal to raise funds in one or more tranches through equity shares, debt securities and convertible securities.
The US FDA inspected API Manufacturing Unit-II of Apitoria Pharma, a subsidiary of the Telangana-based company, between September 7 and September 15, 2026.
Tata Communications (TC Canada) and the Canada Revenue Agency (CRA) have reached a preliminary agreement. The agreement relates to the resolution of a matter concerning tax claims on income from TC Canada’s international telecommunications services business.
