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Ahead of the stock market opening in India, here’s a look at stocks that are expected to keep the bourses buzzing. read more
 "Here's why shares of Paytm, Bondada Engineering, Canara Bank, PTC India are in focus")
A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai. Source: FILE/ REUTERS
The GIFT Nifty index, around 8:30 am on Thursday, was up 0.36 per cent or 83.5 points at 23,452.5. It suggested a positive start for Dalal Street on June 13. The India VIX, an indicator of volatility in the market, fell 2.56% to settle at 14.39 levels.
Global cues remained positive. In the US, two major stock indices, the tech-heavy Nasdaq and the broad S&P 500, touched record highs on Wednesday on the back of slightly lower-than-expected inflation numbers. The Federal Reserve’s reassurance that there will be at least one interest rate cut this year also boosted the optimism on Wall Street.
European indices, too, had rallied following the release of the encouraging US inflation data. In the Asian markets, Hong Kong and Tokyo stocks opened higher.
Ahead of the market opening in India, here’s a look at stocks that are expected to keep the bourses buzzing.
Paytm (One91 Communications): One97 Communications informed the exchanges on Wednesday that insurance regulator IRDAI has accepted Paytm General Insurance’s registration withdrawal application. The parent company has said it will now focus on the distribution of insurance products of other insurers.
Bondada Engineering: The company on Wednesday said that it had received an order from NLC India to do Balance of System (BOS) work for setting up 600MW Grid Connected Solar Power Project in Khavda, Gujarat. The order is worth over Rs. 939 crore.
PTC India Financial Services: SEBI has slapped a fine of Rs 10 lakh on PTC India Financial Services’ Director Rajib Kumar Mishra for corporate governance lapses. Mishra is also the CMD of PTC India. The former MD and CEO of PTC India Financial Services, Pawan Singh, has been fined Rs 25 lakh for the same reason. The market regulator has restrained them from holding any Board or key managerial personnel position in any listed company or any registered intermediary.
BLS International: The BLS International FZE, a wholly-owned subsidiary of the company, has inked an agreement to acquire 99 per cent of equity shares of Balozi Liaison Services, an Egyptian company. Following the acquistion, Balozi will become a step-down subsidiary of the BLS International.
Dividend stocks: Canara Bank, Hindustan Unilever, L&T Technology Services, and Bajaj Auto’s shares are set to trade ex-dividend on June 14. This means that only those shareholders who are holding these stocks on the end of day on June 13 will be eligible for the dividends.
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English (US) ·