Stocks to Watch Today: Good Morning Reader!
On Wednesday, December 17, Indian equity markets are likely to open flat as global cues are mixed and investor fear is still around. As per GIFT Nifty futures, which were down by 9 points at 26,926, the start was likely to be subdued at around 7:32 AM. By 8:30 AM, the sentiment had weakened further, with GIFT Nifty trading at 25,918, down 34.50 points or 0.13 per cent.
There were mixed results in the Asian markets, China’s CSI 300 was up 0.31 per cent, South Korea’s KOSPI increased by 0.64 per cent, and Hong Kong’s Hang Seng was slightly up 0.03 per cent, while Japan’s Nikkei was down 0.03 per cent. The trading session on Wall Street ended with mixed results, as the Nasdaq gained 0.62 per cent, although the S&P 500 and the Dow slipped.
Adding to investors’ discomfort was Tuesday’s turmoil. Within half an hour, Dalal Street’s market capitalisation was reduced by over ₹2 lakh crore, such a painful blow that has already scarred market confidence and may take time to heal.
This week has been quite thrilling, with ups and downs in the market for the third consecutive session. Hold on tight, the bumpy ride may last the whole week.
Stocks To Watch Today
Paints & Chemicals
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Akzo Nobel India: Promoter Imperial Chemical Industries may sell up to a 9% stake via a block deal. Offer size seen at ₹1,290.6 crore with a floor price of ₹3,150 per share.
Aviation
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IndiGo: A PIL filed in the Delhi High Court seeks compensation of four times the ticket price for passengers affected by flight cancellations in November–December due to new FDTL rules.
Electric Vehicles
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Ola Electric Mobility: Founder Bhavish Aggarwal sold 0.59% stake for ₹91.87 crore to fully repay a ₹260 crore promoter-level loan, leading to the release of all pledged shares (3.93%).
Metals & Mining
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Vedanta: NCLT Mumbai approved the company’s demerger plan, paving the way for five independent, sector-focused entities.
Banking & Financials
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Indian Overseas Bank: Government to sell up to a 3% stake via OFS on December 17–18 at a floor price of ₹34 per share.
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HDFC Bank / IndusInd Bank: RBI approved HDFC group entities to acquire up to a 9.5% stake in IndusInd Bank.
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SBFC Finance: MIT-linked entities exited via block deals; Tata AIA Life Insurance and Temasek-backed Aranda Investments bought shares.
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Karnataka Bank: Non-institutional investor B Sumanthkumar Reddy bought a 0.5% stake via bulk deal.
Power & Energy
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Tata Power: Targets finalisation of its 10 GW wafer and ingot project worth ₹6,500 crore by January.
Pharmaceuticals & Healthcare
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Glenmark Pharmaceuticals: Entered an exclusive licensing and distribution deal with Hansoh Pharma for lung cancer drug Aumolertinib; deal includes upfront payment, milestones exceeding $1 billion, and royalties.
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Nephrocare Health Services: Mainboard listing today.
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Park Medi World: Mainboard listing today.
Infrastructure & Construction
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NBCC (India): Secured orders worth ₹345 crore from IIT Mandi and Kandla SEZ.
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Ahluwalia Contracts (India): Won an EPC order worth ₹888.38 crore from Bihar State Tourism Development Corporation.
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Niraj Cement: Bagged a ₹130.83 crore road upgradation and maintenance contract from PWD.
Technology & Electronics
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Kaynes Technology India: Subsidiary Kaynes Semicon partnered with Japan-based AOI Electronics and Mitsui & Co for semiconductor manufacturing.
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HCL Technologies: Partnered with NSE Academy to launch joint certificate programs in technology and finance.
Media & Entertainment
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Saregama: Invested ₹325 crore in Bhansali Productions via CCPS; may raise stake to 51% by March 2030.
Apparel & Textiles
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Pearl Global Industries: SBI Mutual Fund acquired a 1.43% stake via bulk deal; promoter sold shares.
Agri & FMCG
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Unisem Agritech: SME listing today.
Logistics & E-commerce
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Shipwaves Online: SME listing today.
Corporate Actions
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eClerx Services: Ex-date for buyback.
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Krishival Foods: Ex-date for rights issue.
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Sylph Technologies: Ex-date for bonus issue.
F&O Ban
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Bandhan Bank