The domestic stock market is likely to open in the red after weak global cues. Wall Street fell sharply lower on Thursday and the S&P 500 posted its worst month since the start of the global health crisis, sparked by concerns over COVID-19, inflation fears and budget wrangling in Washington. was after. Asia-Pacific markets slipped in Friday morning trading after an overnight slump on Wall Street. And trends on the SGX Nifty indicate a gap-down opening for the markets. At 8:00 am, Nifty futures were trading at 17,442 on the Singapore Stock Exchange, down 159 points or 0.98 per cent.
On Thursday, the BSE Sensex fell 286.91 points to 59,126.36 and Nifty fell 93.10 points to end at 17,618.20.
Stocks to watch in trading in today’s session
Bharti Airtel will invest Rs 5,000 crore in its data center business as it aims to triple its capacity by 2025 amid increasing digitization and stringent local data storage regulations.
Jubilant Foodworks Netherlands BV will acquire up to 17.18 per cent of the common shares of DP Eurasia NV through the reverse bookbuild process. Following the acquisition, the company will indirectly hold 49.99 percent of DP Eurasia’s common shares.
Maruti Suzuki said it expects total vehicle production volumes at its two plants – Haryana and Gujarat – in October to be around 60 per cent of normal levels due to shortage of semiconductors.
Adani Green Energy
Wholly owned subsidiary Adani Renewable Energy (MH) Energy has completed the acquisition of 100% of the share capital and all securities of Vento Energy Infra from Essel Green Energy.