Domestic markets closed with massive gains in a session marred by a technical glitch and look set to extend their winning run to the third day today amid strong cues from global peers. However, volatility could remain high ahead of the February F&O expiry, and high crude oil prices could cap gains for the indices. At 7.20 am, SGX Nifty futures traded slightly higher at 15,030. In the overnight session, US Fed s Jerome Powell once again soothed investors fears over inflation and drove Wall Street higher. Powell, in a second day of testimony in Washington, said it may take more than three years to reach the central bank’s inflation goals, a sign the Fed plans leave interest rates unchanged for a long time to come. Besides, the US regulator said Johnson & Johnson’s Covid-19 vaccine is safe and effective, further boosting the market sentiment.
Here are the top stocks that are likely to be in focus today:
Nureca: Shares of Nureca will list on the bourses today. The IPO by home healthcare and wellness products provider that ran between February 15-17 witnessed 40 times subscription.
Max Financial Services, Axis Bank: The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries Axis Capital and Axis Securities.
Affle (India): Affle Holdings Pte Ltd, a promoter of Affle (India), on Wednesday, offloaded 3 lakh shares of the company worth over Rs 161 crore through an open market transaction.
Stocks in news: Nureca, Wipro, Cadila, Affle, Piramal Enterprises, Just Dial
Stocks to watch today on February 25: Nureca, Wipro, Cadila, Affle, Piramal Enterprises, Just Dial among others are the top stocks to watch out for in Thursday s trading session
BusinessToday.In | February 25, 2021 | Updated 09:33 IST
Stocks to watch today on February 25
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Thursday s trading session based on latest developments.
Nureca: The company s shares will be listed on exchanges today.
Max Financial Services: IRDAI has given its formal approval for the acquisition of up to 12 percent stake in Max Life Insurance Company by Axis Bank and its subsidiaries.
Shares of Axis Bank will be in focus. Max Life has received the formal approval from the Insurance Regulatory and Development Authority of India (IRDAI), which vide its letter dated 24th February 2021 has granted approval to the Axis Entities, as promoters of Max Life, to collectively acquire 12.002% of the equity share capital of Max Life, by way of transfer of equity shares of Max Life from Max Financial to the Axis Entities.
Shares of Nureca will debut on bourses today, 25 February 2021. The final issue price was fixed at Rs 400 per share.
Just Dial has launched its B2B portal, Jd Mart, across various platforms for users. Jd Mart is an exclusive B2B portal for a new wholesale experience. B2B buyers can discover quality vendors offering a wide selection of products to choose from, spread across various categories to suit all their B2B needs.
The market on Thursday, February 25 is expected to give a positive start as the SGX Nifty was trading 227.50 points or 1.54 percent higher at 15,033.50 at 7:15 am.