Reliance Industries, PNB, ICICI Bank, Wipro

Stocks to watch: Reliance Industries, PNB, ICICI Bank, Wipro

The trend on SGX Nifty shows a positive opening to the domestic market.

New Delhi: Domestic stock indexes are expected to trade in the green on Thursday, based on signals from global markets. Asian stocks followed Wall Street and traded higher after the US Federal Reserve said it would end its bond-buying stimulus in March to set up three rate hikes next year to tackle inflation. heat up. Trends on SGX Nifty indicate a positive opening for the home market. Nifty futures on the Singapore Exchange also known as SGX Nifty Futures rose 0.74% or 126.75 points to 17,364.

The BSE Sensex benchmark fell 329.06 points or 0.57% to end at 57,788.03 on Wednesday; while the broader NSE Nifty fell 103.50 points or 0.60% to 17,221.40.

Here are the stocks to watch in today’s session:

Reliance Industries: Fair trade regulator Competition Commission of India (CCI) has approved Reliance New Energy Solar Limited’s acquisition of shares of Sterling and Wilson Renewable Energy Limited. Reliance New Energy is seeking to acquire 40% of its total voting share capital.

PNB, ICICI Bank: The Reserve Bank of India (RBI) imposed a penalty of Rs 1.8 crore to National Punjab Bank and Rs 30 crore to ICICI Bank due to lack of regulatory compliance.

Wipro: The IT company said it will acquire LeanSwift Solutions, a Florida-based system integrator of Infor Products whose service capabilities include ERP, e-commerce, digital transformation, supply chain, and more. applications, warehouse management systems, business intelligence and integration.

Port of Adani and Special Economic Zone: Adani Transmission has entered into a share purchase agreement with the Port of Adani and the Special Economic Zone to acquire MPSEZ Utilities (MUL) for Rs 116.27 crore. MUL was established mainly for electricity distribution, and wastewater and wastewater treatment in Mundra SEZ, Kutch, Gujarat area, spread over 8,481 hectares as distribution licensee.

Power Grid Corporation of India: The company has approved an interim dividend of Rs 7 per share of Rs 10 for the financial year 2021-22. Dividends will be paid to members on 11/01/2022. Reliance Industries, PNB, ICICI Bank, Wipro

Emma James

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