Stocks to Buy: Sensex and Nifty had a great jump for two consecutive days and now according to technical analysts, Nifty is at 50 resistance zone. According to Rohit Sigre, Senior Technical Analyst, LKP Securities, Nifty is at the best level of 17500, from where it can jump. If Nifty remains above this level, then it can cross 18 thousand level in the coming days. Talking about the fundamentals side, the eyes of the domestic market will also be on the global equity benchmark index. According to Ajit Mishra, Vice President (Research), Religare Broking, utmost care has to be taken amidst high volatility in the market. Today, investors’ eyes will be on stocks like InterGlobe Aviation, Infosys, Indiabulls Housing Finance, NHPC, Nazara, HCL and Gland Pharma.
Live updates related to stock market
InterGlobe Aviation
Indigo Airlines’ parent company InterGlobe Aviation has partnered with the Dehradun-based Council of Scientific and Industrial Research- Indian Institute of Petroleum (CSIR-IIP). Under this deal, the work of manufacturing and deploying Sustainable Aviation Fuel (SAF) will be done globally.
Infosys
On Wednesday, IT giant Infosys informed that it is expanding its Business Process Management unit in Ireland as well. HCL will set up a new delivery center in Waterford, Ireland, which will provide employment to 250 people locally.
Indiabulls Housing Finance
Indiabulls Housing Finance has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs). The base size of this issue will be Rs 200 crore, which can go up to Rs 800 crore in case of oversubscription, i.e. Indiabulls can issue NCDs up to Rs 1,000 crore.
GDP Growth Forecast: A big blow to the country’s economy growth, Fitch Ratings reduced the estimate, RBI may increase the interest rate next year
NHPC
NHPC has informed that the merger of Lanco Teesta Hydro Power has been approved by the board. Lanco Teesta Hydro Power is a wholly owned subsidiary of NHPC.
HCL Technologies
IT giant HCA on Wednesday informed that in collaboration with Germany’s largest cooperative primary bank Epobank, it has entered into a partnership with Etruvia AG to acquire IT consulting company Gesellschaft für Banksystem GmbH. Under this partnership, HCL will hold 51 per cent stake in this IT consulting company while Apobank will buy 49 per cent stake.
Nazara Technologies
Veteran online gaming company Nazara has announced that Arrakis Tenitim Organisson Pazarlama San Tic Ltd (Publishme, Turkey) has subscribed to a 30.82 per cent stake in Publishme Global FZ LLC. Under this deal, the company is holding a 69.18 per cent stake in Publishy Global FZ-LLC through its pre-owned subsidiary i.e. Nazara Technologies FZ-LLC.
Gland Pharma
Pharma company Gland Pharma has informed about getting interim approval from the US FDA (Food and Drug Administration). This approval has been given for Congrelor Injection and 50 mg per vial single dose viols. Gland Pharma said it could be a first of its kind filing for this product and it could be an exclusive generic drug for a period of 180 days.
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