Stocks to Watch on March 19: Equity benchmark indices Sensex and Nifty are looking to start lower on Tuesday as Asian markets trade muted ahead of central bank decisions from Japan and Australia today. At 7:30 am, the Gift Nifty futures were down 76 points at 22,059 over Nifty futures’ last close.
Nikkei dipped 0.7 per cent as all eyes remain on the BOJ amid bets that the central bank could end its negative interest rate policy after 17 years. Hang Seng and Kospi too fell over 1 per cent each.
In the US overnight, stocks rebounded with the Dow adding 0.2 per cent and S&P 500 0.63 per cent. Nasdaq added 0.8 per cent.
Stocks that may see action today:
Separately, TCS is planning to increase salaries by an average of 7-8 per cent for its offsite employees and 2-4 per cent for its onsite staffers in 2024-25. High performers can expect a raise of 12-15 per cent.
L&T Finance Holdings: Its board has approved raising up to Rs 1.01 lakh crore via NCDs in one or more tranches.
Also Read : Stock Market LIVE: US stocks, yields rise ahead of Fed meet; Oil steady
Tata Steel: Tata Steel UK said it will cease operations of the coke ovens at the Port Talbot plant in Wales after a deterioration of operational stability. It said it will increase coke imports to offset the impact of the coke oven closures.
Shipping Corporation of India Land and Assets: The demerged entity of Shipping Corporation will debut on exchanges today under the T2T category after receiving final listing and trading approval for its 46 crore shares of Rs 10 each from the BSE and NSE, as per reports.
Genesys International: Its consortium with Veritas (India) has received a letter of award (LoA) for a project worth Rs 156 crore from the BMC.
HG Infra Engineering: The company in a JV with Stockwell Solar Services has received a LoA for a project worth Rs 1,026 crore from Jodhpur Vidyut Vitran Nigam.
IOL Chemicals: It has successfully completed Brazilian Health Regulatory Agency’s (ANVISA) GMP audit of all its 10 API units in Punjab with no observations.
Nibe: The company has won an order of Rs 21 crore from Larsen and Toubro for assemblies and sub-assemblies of heavy structures including construction gabion walls.
First Published: Mar 19 2024 | 7:39 AM IST