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The GIFT Nifty index, around 8:30 am on Wednesday, was down 58 points or 0.25 per cent at 23,291. From tech companies like TCS, Tata Technologies, Wipro, and LTIMindtree, to logistics company like TVS Supply Chain, here’s a look at stocks that are expected to be in focus on Wednesday read more
 "Here's why shares of TCS, Wipro, Tata Tech, Patanjali Foods, and LTIMindtree are likely to be in focus")
The Indian stock market is expected to open on a muted note on Wednesday. Pixabay
The GIFT Nifty index, around 8:30 am on Wednesday, was down 58 points or 0.25 per cent at 23,291. The index hinted at a flat start for the stock market in India today. The India VIX index, an indicator of volatility on Dalal Street, however, was down 1.63 points or 9.96 per cent at 14.76 levels.
These mixed cues are somewhat aligned with the global markets. In the United States, the share market closed on a mixed note, with the Nasdaq and S&P 500 noting record highs, but Dow Jones dipping in the red. Asian stocks were mixed, too.
Investors are on the lookout for the US Federal Reserve’s commentary on the interest rate cuts in the country.
Ahead of the stock market opening in India, here’s a look at stocks to watch on June 12.
LTIMindtree: As part of its efforts to expand in Saudi Arabia and the Middle East, LTIMindtree has inaugurated its regional headquarters in Saudi Arabia’s capital, Riyadh. “The opening of this office is in line with the KSA government’s Regional Headquarters Program and a
key milestone enabling LTIMindtree to support, manage, and direct its strategic business initiatives in the region,” the company said.
TVS Supply Chain Solutions: TVS Supply Chain Solutions, on Tuesday, announced a new 5-year strategic contract with Daimler Truck South East Asia, a Daimler Truck AG company, for Integrated Supply Chain Solutions (ISCS) service in Singapore. Daimler Truck AG is the world’s largest manufacturer of commercial vehicles.
Tata Technologies: The ex-date for Tata Tech’s final dividend of Rs 8.4 and special dividend of Rs 1.65 is June 13. On this date, the stock will trade without the dividend. To receive the dividends, investors must purchase the stock before the ex-date, meaning they need to be holding the shares at the end of the trading day on June 12.
Patanjali Foods: Addressing the news around Patanjali Ayurved’s non-food business merging with Patanjali Foods, the company said that the Board of Directors of Patanjali Foods Limited discussed a proposal from Patanjali Ayurved Limited to sell its non-food business to Patanjali Foods. A special committee, including an Independent Director, CEO, and CFO, is evaluating the proposal.
TCS: Tata Group’s flagship company, Tata Consultancy Services, on Tuesday announced the launch of a new Internet of Things (IoT) engineering lab in Ohio, US. The lab will carry the full suite of TCS’ IoT solutions and industry solutions for the manufacturing, energy, consumer, and life sciences sectors, the company said in an exchange filing.
Wipro: Wipro on Tuesday announced the launch of the Lab45 AI platform, which uses Generative AI, machine learning, and deep learning technologies. The platform is available to all Wipro employees and clients.
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English (US) ·