Nifty futures had been trading 28.50 points or .16 per cent up at 17,403.50 on Sinagpoarean Exchange, suggesting a gap-up opening for BSE Sensex and Nifty 50 on Tuesday. Investors will eye Ami Organics and Vijaya Diagnostic Centre listings today, along with the new IPO — Sansera Engineering — that opens today. Also, Retail inflation based on Consumer Price Index (Combined) eased to a 3-month low of 5.59 per cent in July, when Industrial output rose by 13.6 per cent in June. “Valuations have moved beyond comfort zones and hence could lead to bouts of profit booking and increase in volatility. But the overall sentiment in the domestic market remains positive, supported by improving economic data and positive earnings expectation,” Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services, mentioned.
Stocks to watch
Ami Organics, Vijaya Diagnostic: Two new firms — Ami Organics and Vijaya Diagnostic Centre are scheduled to make their stock industry debut on Tuesday, 14 September 2021. The Rs 570-crore Ami Organics IPO was subscribed by 64.54 occasions and the Rs 1,895-crore IPO of Vijaya Diagnostic received 4.54 occasions subscription.
HCL Technologies: HCL Tech and HANCOM Inc., one of the major South Korean application firms, have signed a strategic partnership to share sophisticated application technologies options and establish a mutual bridgehead for overseas expansion
Infosys: IT services important Infosys on Monday mentioned it has purchased back more than 5.58 crore equity shares as portion of its about Rs 9,200 crore buyback present. The shares had been purchased back at a volume weighted typical value of Rs 1,648.53 per equity share, according to a public notice.
Zee Entertainment: Zee Entertainment’s shareholders have referred to as an extraordinary basic meeting (EGM) searching for removal of Puneet Goenka from board.
Vodafone Idea: Measures reportedly becoming mulled by the government to ease telecom industry’s pressure and fundraising may perhaps give Vodafone Idea the substantially-required breather, but structural challenge undermining the sector can be fixed only with “sizable” tariff hike for 4G prepaid buyers, according to a note by Edelweiss.
Wipro: Wipro has partnered with Tennessee-based First Horizon Bank (FHN) to transform the core banking channels and servicing capabilities of VirtualBank, an established digital bank that FHN inherited from Louisiana-based IBERIABANK as portion of the merger completed in 2020. The combined entity’s assets are roughly $87 billion.