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Markets traded volatile on Thursday but managed to maintain the positive tone, continuing its prevailing trend. On the index front, analysts said Nifty is on the verge of testing the target zone 25,500 zone in, which could prompt some profit taking or consolidation in the index ahead. However, the favorable sentiment across the key sectors would keep the tone positive.
In today's trade, shares of Adani Enterprises, Adani Power, Vedanta, Texmaco Rail, Oil India among others will be in focus due to various news developments.
Adani Group stocksShares of Adani Group stocks including Adani Enterprises, Adani Power, Adani Ports will be in focus as capital markets regulator Sebi dismissed allegations against Adani Group in the Hindenburg case. The regulator ruled that related party transactions cannot be applied retrospectively and hence there won't be liability on the group and also there is no penalty.
Indian HotelsFollowing media reports that implied that Taj may exit New York's Pierre hotel, Tata Group backed Indian Hotels Company (IHCL) has issued a clarification to the BSE stating that the chain does not own The Pierre hotel, but has leasehold rights for the property. "Operations continue as usual. Recent media reports stating otherwise are misleading and speculative," the company said in a statement.
Bombay Dyeing
Bombay Dyeing and Manufacturing Company said it has appointed Rohit Santhosh as CEO of Bombay Realty. In a statement, the company said that the appointment of the CEO is effective from September 18. Rohit Santhosh has over 17 years of experience in the real estate sector.
Reliance Home FinanceThe Central Bureau of Investigation (CBI) filed chargesheets in two cases relating to alleged fraudulent transactions between Anil Ambani’s Reliance Group companies and YES Bank under its former chief executive Rana Kapoor, also naming members of Kapoor’s family.
Oil IndiaOil India expects a $20-billion, TotalEnergies-operated Mozambique liquefied natural gas project in which it owns a stake to restart development by the end of this year, its chairman Ranjit Rath said. TotalEnergies halted construction of the project and imposed force majeure in 2021 following a deadly attack on the site by Islamic State-linked insurgents.
VedantaThe company has been declared as preferred bidder for the Punnam Manganese block. As per the tender document, the Punnam Manganese Block is at G4 level of exploration with a total area of 152 hectares for the block.
Texmaco RailTexmaco Rail and Engineering said it has received an order worth Rs 86.85 crore from Ultratech Cement. The contract involves the supply of BCFC wagons along with a brake van and the delivery is scheduled to be completed by March 2026.
Dr Reddy'sDr Reddy's said the company has received intimation from the promoters that they have settled 17,17,26,540 equity shares aggregating to 20.58% capital through off market transfer on September 17.
