Advertisement
X

Stocks To Watch: Tata Motors, SBI, IIFL Finance, Others In News

The NSE Nifty 50 rose by 27.20 points or 0.12 per cent to close at a lifetime high of 22,405.60 points. Sector-wise it was a mixed bag with buying seen at Oil & Gas, Financials, and Private Banking.

Benchmark equity indices reached new record high levels in a volatile session on Monday following buying in energy and banking shares. Extending its rally to the fourth session in a row, BSE Sensex rose by 66.14 points or 0.09 per cent to settle at an all-time high of 73,872.29. The NSE Nifty 50 rose by 27.20 points or 0.12 per cent to close at a lifetime high of 22,405.60 points. Sector-wise it was a mixed bag with buying seen at Oil & Gas, Financials, and Private Banking.

Advertisement

"The market traded in a range-bound manner due to weak global cues, while investors turned stock-specific due to the prevailing caution on broader indices. Further, the tepid consumption data influenced investors to refrain from FMCG and discretionary stocks. The global sentiment is likely to be cautious ahead of FED chair testimony and ECB policy later this week. Since inflation is above the target range, the FED is expected to keep its hawkish stance on interest rates and will be watchful of unemployment and nonfarm payroll data for more cues," said Vinod Nair, Head of Research at Geojit Financial Services.

Here are the key stocks to watch on March 5:

Tata Motors

The company’s board approved the proposal of the demerger of Tata Motors Ltd into two separate listed companies. The commercial vehicle business and its related investments will be one entity, and the passenger vehicle business, including PV, EV, JLR, and its related investments will be separate entity.

Advertisement

Easy Trip Planners

The online travel tech company has collaborated with Punjab National Bank (PNB) to launch the PNB EMT Credit Card. This card is aimed at mass-to-premium customer segments and offers rewards for travel-related spending, including flights, hotels, and holiday packages.

IIFL Finance

The Reserve Bank of India (RBI) has directed the company to cease and desist from sanctioning or disbursing gold loans or assigning, securitizing, or selling any of its gold loans with immediate effect. However, the company can continue to serve its existing gold loan portfolio through the usual collection and recovery processes. The gold lending business contributed 

State Bank of India

The country’s largest public sector bank has filed a plea before the Supreme Court seeking an extension of its March 6 deadline to furnish data pertaining to electoral bonds scheme.

Show comments