New Technology World

Despite rising consumer prices, domestic benchmark indices look set to start gaining on Tuesday amid signs of strength globally.

At 7:40 am, SGX Nifty futures were quoted at 18,045, up about 80 points from the previous close.

India’s retail inflation rose to 7% in August from 6.71% in July, mainly due to higher food prices. Meanwhile, India’s industrial production increased he 2.4% in July 2021 against his IIP growth of 11.5% in July 2021.

Globally, US markets rose in the fourth trading session on Monday, while Asian markets also rose solidly this morning. Later in the day, her CPI data for the US will be followed closely ahead of the September 20-21 US Federal Reserve (Fed) meeting.

That said, here are the stocks that are likely to see a move in today’s market:

HDFC life: Abrdn (formerly Standard Life) is looking to sell a 2% stake in a private sector insurer via block trading on Tuesday. Abrdn (Mauritius Holdings) sold his 43 million shares in HDFC Life at Rs 564.1 to Rs 578.55 per share, according to the term sheet. read more

ZEE Entertainment: Reuters reported that a unit of Sony Group and G Entertainment Inc. has slashed prices to ease concerns of antitrust regulators in the country whose merger would create a $10 billion TV giant. They offer concessions such as discounts. read more

Tata Consumer Products: The company entered the health supplement segment with the launch of the ‘Tata GoFit’ range for women. The company’s latest launch is consistent with its focus on accelerating innovation, enhancing its wellness portfolio, and expanding the overall market it serves. read more

Vedanta: Vedanta Ltd has chosen Gujarat, home of Prime Minister Narendra Modi, for its semiconductor project, two sources told Reuters. read here

OMC: India plans to pay state fuel retailers, including Petroleum India Corporation, about 200 billion rupees ($2.5 billion) to compensate for some of their losses and monitor cooking gas prices, according to people familiar with the matter. . The oil ministry is seeking compensation of 280 billion rupees, but the finance ministry has only agreed to a cash payment of about 200 billion rupees, the official said. read here

Coal India: An electronic auction of 10 commercial coal mines will start on Tuesday, the coal ministry said.

Tata Consultancy Services: C&S Wholesale Grocers, Inc., an industry leader in US supply chain solutions and wholesale grocery supply, selected Tata Consultancy Services to build a new operating platform on Google Cloud. This allows C&S to reduce its carbon footprint and improve customer experience.

IRB infrastructure: The company’s August toll collection was 336 cr, up 35% year-on-year.

Gujarat Apollo Industries: The company signed a joint venture agreement with Belgium-based PFH BV. They enter the business of agriculture and agricultural machinery and parts.

Wujiban Small and Medium Financial Bank: The bank has started recruiting qualified institutional investors. The minimum price is fixed at Rs 21.93 per share.

F&O Prohibited Stocks: Ambuja Cements, Delta Corp, IndiaBulls Home Finance

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