Top stocks to watch Hero Moto, RIL, Bharti Airtel, Future Enterprises, Wipro, Jubilant FoodWorks, and others
Top stocks to watch Hero Moto, RIL, Bharti Airtel, Future Enterprises, Wipro, Jubilant FoodWorks, and others
Navdeep YadavDec 17, 2020, 08:15 IST
BCCL
Here’s a list of stocks to watch for in trade today.
At 7:45 am, the SGX Nifty was down 0.27%, indicating a tepid start for Nifty50. The US equities closed mixed on Wednesday as investors mulled the Federal Reserve’s forecast, disappointing economic data, and progress toward passing new stimulus. The Dow Jones Industrial Average closed 0.15% lower, and the S&P 500 was up 0.18%.
These are the stocks to watch out for during the trading session today:
Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:27 IST, the barometer index, the S&P BSE Sensex, was up 41.91 points or 0.09% at 46,708.37. The Nifty 50 index was up 9.10 points or 0.07% at 13,691.80. The Sensex scaled record high above 46,750 mark in early trade. The Nifty also hit record high above 13,700 mark.
The S&P BSE Mid-Cap index was up 0.26%. The S&P BSE Small-Cap index was up 0.41%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1340 shares rose and 750 shares fell. A total of 106 shares were unchanged.
Stocks in news:
Key equity indices continued to trade with decent gains in morning trade. At 10:22 IST, the barometer index, the S&P BSE Sensex, was up 100.16 points or 0.21% to 46,766.62. The Nifty 50 index added 26.75 points or 0.20% at 13,709.45.
Investor sentiment received a boost after the US Federal Reserve strengthened its commitment to supporting the recovery in the world s largest economy, and the U.S. lawmakers continued to make progress in getting a fiscal stimulus deal over the line.
In the broader market, the S&P BSE Mid-Cap index gained 0.51% while the S&P BSE Small-Cap index rose 0.52%.
The market breadth was strong. On the BSE, 1542 shares rose and 950 shares fell. A total of 144 shares were unchanged.
Wipro has completed the acquisition of 83.4% equity stake in Encore Theme. The remaining 16.6% equity stake will be acquired subject to and after receipt of certain regulatory approvals/confirmations. Encore Theme is a specialist in providing SaaS and Cloud solutions in financial services.
Hero MotoCorp said in order to partially offset the impact of the commodity costs, the company will be increasing the prices of products by upto Rs 1500, with effect from 1 January 2021. The increase will vary across models, and the exact quantum will be communicated to our dealers in due course.
Jubilant FoodWorks India has entered into the most loved food space of Biryanis with its newest brand - Ekdum!. Ekdum! will offer the widest variety of biryanis from across India to choose from.
Computer Age Management Services (CAMS) rose 0.53% to Rs 1517.70 after the company was deemed eligible as central record keeping agency under the National Pension Scheme (NPS).CAMS has been considered eligible for selection and further grant of registration as a central record keeping agency under the NPS under the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) Regulations, 2015.
The selection is subject to certain fulfilment of certain conditions including the de-registration of the company as a Point of Presence under the Pension Fund Regulatory and Development Authority (Point of Presence) Regulations, 2018. The company is in the process of complying with such conditions to obtain the registration as a Central Record Keeping Agency and will provide the updates as and when required, CAMS said in a regulatory filing made after market hours yesterday.