Benchmarks fell for the fourth consecutive session on Wednesday in volatile trade after the Reserve Bank of India (RBI) policy announcement. Sensex had 215 points to finish at 54,892 and Nifty was down 60 points to close at 16,356. Sensex, dropping to 3.31%.
Tata Steel, State Bank of India, Dr Reddy’s, Bajaj Finance, TCS and Titan emerged leading Sensex gains, reaching 1.70%.
Here’s a look at the stocks that should remain focused today.
Wipro: The IT services company will work with Brazilian company Petrobras to advance its digital journey.
Bank of India: The bank raised its repo-based lending rate to 7.75% after RBI announced a repo rate revision of 50 basis points to 4.9%.
Share Market Live: Sensex and Nifty set to open lower today
National Bank of Punjab: The bank raised its repo-linked lending rate to 7.4% following RBI’s decision to raise the repo rate.
YES Bank: The lender is now on the verge of quitting the reconstruction program two years after the government and the Reserve Bank of India (RBI) put in place a special plan to save YES Bank.
Vedanta: Mining company Vedanta has confirmed the pledge of 5.77% stake in Hindustan Zinc Ltd for a term loan of Rs 8,000 crore.
Tata power: Brookfield Renewable India, a subsidiary of the Canadian private equity major, has commissioned its first greenfield solar project with a capacity of 445 MW near Jodhpur in Rajasthan. Tata Power Solar Systems was the construction partner and HSBC India and Axis Bank were the financing partners.
RailVikas Nigam: The state-owned company will carry out infrastructure projects in the Kyrgyz Republic. Rail Vikas Nigam has signed an agreement with “Kyrgyzindustry” for the execution of infrastructure projects in the Kyrgyz Republic. In particular, the company will run the rail line network under mutually agreed terms and conditions in the Kyrgyz Republic.
Crompton Greaves Consumer Electrical Products: The company’s board of directors will consider a fundraiser on June 13. A proposal to raise funds up to Rs 925 crore through the issuance of debt securities on a private placement basis will be presented at the board meeting.
TTI Company: TTI Enterprise will consider the stock split on June 28. The June 28 board meeting will consider stock splits and fundraising for various business purposes.
Indian Oil Company: Air Products, a world leader in industrial gases, announced that it has signed a long-term supply agreement with state-owned Indian Oil Corporation Limited (IOCL).