Stocks to Watch Today: The BSE Sensex settled with gains on eighth consecutive day on Tuesday, while NSE Nifty closed marginally lower after hitting its fresh all-time high amid mixed global market trends.
The 30-share BSE Sensex jumped 94.05 points or 0.14 per cent to close at 67,221.13. The Nifty lost all its gains and settled marginally lower by 3.15 points or 0.02 per cent at 19,993.20 in a volatile trade. It touched an all-time high of 20,110.35.
“Markets showed first signs of cooling off after seven straight sessions of gains as key indices ended mixed in a session marked with volatility in early trades but turned range-bound thereafter. Sluggishness in other Asian and European gauges also prompted investors to take a cautious route and resort to selective profit-taking,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
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“Technically, the medium term texture of the market is still positive, but in the near future we could see a range bound activity. For traders, 19900-19850 could be the key support levels while 20100-20150 could be the immediate resistance areas for the bulls,” he added.
Top Stocks To Watch On 13 September
Infosys
The IT giant has partnered with STARK Group to establish a state-of-the art data center in Denmark, which will serve as a foundation to drive technological advancements with an ‘AI first’ approach powered by Infosys Topaz. STARK Group is Europe’s largest retailer and distributor of building materials.
Wipro
Wipro Holding UK has transferred its 100 per cent stake in Wipro 4C NV to Wipro IT Services UK Societas, effective September 12. Wipro Holdings (UK) and Wipro IT Services UK Societas are wholly owned subsidiaries of the company, while Wipro 4C NV is the step-down subsidiary. The rationalisation and simplification of the overall group structure is the objective behind the stake transfer.
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IRCTC
The company has signed a Memorandum of Understanding (MoU) with NBCC Services, a wholly owned subsidiary of NBCC, for planning, designing and execution of interior works for its upcoming office space at World Trade Centre, Delhi. The estimated cost of the project is Rs 31.40 crore.
Bank of Maharashtra
The state-owned lender plans to raise Rs 1,500 crore through bonds to fund business growth. The bank aims to raise the funds through private placement of Basel-III compliant tier II bonds, it said in a regulatory filing. The issue size is Rs 250 crore with a green shoe option of ₹1,250 crore and the tenure of the bonds is going to be 10 years, it added.
L&T Finance Holdings
US-based investment firm Bain Capital offloaded a 2.82 per cent stake or 70 million shares in the company through a block deal. The shares were sold at Rs 130 per share amounting to Rs 910 crore. Bain Capital had owned a 4.04 per cent stake in L&T Finance through two firms, BC Asia Growth Investments and BC Investments Vi. After the stake sale, Bain Capital will hold a 1.2 per cent stake in the company.
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