US Fed Meet, SBI Life IPO And Other Top Cues In Action Today

 

Share markets in India ended lower on Tuesday as financial stocks such as Housing Development Finance Corp dragged both indices amid investor caution ahead of the US Federal Reserve’s policy statement this week.

At the closing bell, the BSE Sensex closed lower by 21 points and the NSE Nifty finished down by 6 points.

Among BSE sector indices, oil & gas index gained the most by 1.2%, followed by realty 0.8% and automobile 0.6%. On the other hand, metal index was down 0.6%, capital goods 0.4% and healthcare 0.3%.

Top Stocks in Action Today

 

SpiceJet share price will be in focus today after it reported the Passenger Load Factor (PLF) of 94.5% during the month of August this year. The company had reported PLF of 94.4% during July 2017.

Cadila Healthcare share price will also hog limelight today after its arm Zydus Cadila entered into an exclusive agreement for the technology partnership with Russia’s Pharma Aid for varicella (chickenpox) vaccine production in the Russian Federation.

Mahindra & Mahindra (M&M) on Tuesday unveiled the country’s first driverless tractor. The tractor was developed at the automobile giant’s research facility in Chennai. The shares of the company will be in focus today.

Oil and Natural Gas Corporation’s (ONGC) overseas arm – ONGC Videsh (OVL) and its consortium partners of the giant Azeri-Chirag-Deepwater portion of Gunashli (ACG) fields in Azerbaijan have entered into an agreement with Azerbaijan Government and its State Oil Company of the Azerbaijan Republic (SOCAR) for extension of the duration of the Production Sharing Agreement (PSA) for AGC oil fields until 31 December 2049.

Bulk and Block Deals

 

Shares of select Tata Group companies such as Tata Motors, Tata Chemicals and Tata Global Beverages will be in focus after a huge block deals executed on these counters.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.