- By Vaamanaa Sethi
- Mon, 25 Sep 2023 10:06 AM (IST)
- Source:JND
The Indian indices opened on a positive note on September 25 amid mixed global cues. The Sensex was down 71.21 points or 0.11% at 65,937.94, and the Nifty was down 23.40 points or 0.12% at 19,650.90.
Also read: Budget 2024-25: Pre-Budget Meeting To Start On October 10; Here's All You Need To Know
Bajaj Finance, Bajaj Finserv, ONGC, Cipla and Asian Paints were among major gainers on the Nifty, while losers were Axis Bank, Hero MotoCorp, Infosys, L&T and TCS.
The market had closed in red on Friday for the fourth session straight, last week. The Sensex ended at 221.09 points or 0.33% lower at 66,009.15, and the Nifty was down 68.00 points or 0.34% at 19,674.30.
Power Grid, Asian Paints, Coal India, NTPC, HDFC Life were the top Nifty gainers whereas, HDFC Bk, UltraTech, DRL, Wipro were the biggest laggards. Berger Paints, REC, PFC, Union Bank, Canara led gains amongst midcaps. On the flipside, GNFC, Syngene, Zydus, Godrej Prop were the worst hit among midcaps.
Among sectors, pharma and metals were the major sectoral losers, meanwhile, PSU banks saw strong buying following JP Morgan's announcement of India bond inclusion.
On the other hand, Indian Rupee opened lower at 83.04 per dollar on Monday against Friday's close of 82.93.
Top stocks to watch out today —
Bajaj Finance
The board is scheduled to convene on October 5th to deliberate on the proposal to raise funds via the QIP (Qualified Institutional Placement) route.
JSW Steel
The company has decided to end its Joint Venture Agreement with National Steel Holdings of New Zealand, which aimed to establish scrap shredding facilities in India. JSW Steel will acquire the 50% stake previously held by National Steel Holdings in NSL Green Recycling.
JSVN
The company is looking to monetise partial earnings of NJHPS via securitisation of future ROE.
SBI
The public sector bank successfully secured Rs 10,000 crore by issuing long-term infrastructure bonds with a coupon rate of 7.49%.
Also read: Muthoot Finance Looking To Raise Rs 700 Cr Via Issuance Of Non-Convertible Debentures
Karnataka Bank
Following the successful mobilization of Rs 800 crore in equity capital from institutional investors, the bank plans to initiate a second round of capital raising, aiming to secure up to Rs 700 crore within the next six months.
