Stock market news, hot stocks: Domestic equity benchmarks Sensex and Nifty 50 suffered heavy losses on Monday amid declines across most sectors, with investors assessing mixed signals from major markets globally, including financials, IT , energy and auto stocks were the hardest hit. Sensex fell 1,272.1 points (1.5%) to end at 84,299.8 and Nifty50 fell 368.1 points (1.4%) to end at 25,810.9.
At current levels, both major indexes are about 2.0% below their record highs set last Friday.
As the focus shifts to the new calendar month, here are some stocks that will be in the spotlight during the upcoming session on Dalal Street.
News Inventory | Tata Steel
Tata Steel has ceased operations at Port Talbot, the UK’s largest steelworks, and other related iron and steel assets, bringing an end to steel production at the facility. Many of the existing “heavy-end” assets at Tata Steel UK’s Port Talbot plant, such as blast furnaces and coke ovens, had reached the end of their operational lives.
Tata group steelmakers say it is not economically or environmentally viable to maintain the current configuration any further or to invest further in traditional heavy-ends.
News inventory | NTPC
NTPC Green Energy Ltd (NGEL), an IPO-bound wholly-owned subsidiary of NTPC Ltd, has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan for the development of 25 GW of renewable energy projects.
News inventory | NHPC
News inventory | CDSL
The flat fee of Rs 3.5 per debit transaction by CDSL will come into effect on Tuesday.
News Inventory | Godrej Properties
Godrej Properties’ board will meet on Tuesday to consider equity financing.
News Inventory | Reliable Infrastructure
Reliance Infrastructure’s board of directors will meet on the same day to discuss the financing.
News Inventory | Tata Power
Tata Power has signed an investment agreement with the Government of Rajasthan.
News inventory | Kalpataru Project International
Kalpataru Projects International has received orders worth Rs 1,241 crore.
News Stock | Bank of Maharashtra
The lender’s QIP issue hit the market at a floor price of Rs 60.37 per share.
News inventory | IRCTC
IRCTC has appointed Gaishingham Kabui as CFO.
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