Stock Market LIVE: Sensex, Nifty flat; Bharti Airtel, Maruti, RIL in focus | News on Markets
Opening Bell: The Indian benchmark indices opened on a flattish note on Monday morning with the Nifty50 index up marginally by 0.04 per cent at 24,019, while the BSE Sensex rose 44 points at 79,077 levels.
Maruti, JSW Steel, Bharti Airtel, Tata Steel, Ultratech Cement, Nestle India and Mahindra and Mahindra trading with slight gains on Sensex, whereas Kotak Bank, Asian Paints, Titan, Powergrid and NTPC remained the top losers.
On Nifty 50 Bajaj Auto and Hero MotoCorp were among the top five leaders while Apollo Hospitals, L&T and HDFC Life among others led the losses.
Among indices, Nifty Media, Nifty Consumer Durables, Nifty Metal, Nifty Pharma and NIfty IT led the sectoral gains. On the other hand, Nifty Realty and Nifty PSU Bank were trading in red among others.
Stocks to watch:
Godrej Properties: Godrej Properties has acquired leasehold rights for an 11-acre land parcel in Pune. This land offers a potential for development of 2.2 million square feet, with an estimated revenue potential of Rs 1,800 crore.
Zydus Lifesciences: Zydus Lifesciences has entered into a licensing agreement with Dr. Reddy’s Laboratories for co-marketing Pertuzumab biosimilar in India. Pertuzumab is a critical treatment for HER2 positive breast cancer patients.
JSW Energy: JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has been awarded a letter of award for wind-solar hybrid power projects of 300 MW from SJVN. This project is part of setting up 1,500 MW ISTS connected wind-solar hybrid power projects (Hybrid-2).
Bank of Baroda: Bank of Baroda has received a demand order of Rs 1,067.82 crore from the Income Tax Department, related to Assessment Year 2017-18.
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