Share Market News July 9: Nestle India, Persistent Systems, DCM Shriram, HCLTech, JSW Steel, other stocks to track on Tuesday
Share Market News July 9: As market participants prepare for Tuesday's session on Dalal Street, a bunch of stocks are likely to be in focus, including HCLTech, Mahanagar Gas, DCM Shriram and JK Cement.
Share Market News July 9: At around 8:13 am, GIFT Nifty futures traded higher by 0.05 per cent or 12.9 points at 24,388.5, indicating a subdued opening with a positive bias on the D-Street. Domestic equity benchmarks finished a choppy session mildly lower on Monday amid selling pressure in financial stocks although buying interest in FMCG and energy scrips lent some support. The Sensex fell 36.2 points, or 0.1 per cent, to end at 79,960.4 while the Nifty50 settled at 24,320.6, down 3.3 points from its previous close. Here's a list of stocks set to be in focus on July 9, including HCLTech, DCM Shriram, JK Cement, Mahanagar Gas Ltd (MGL) and Nestle India:
JSW Steel, JK Cement, Persistent Systems, Polycab stocks to trade ex-dividend
Stocks of a host of companies are scheduled to trade ex-dividend on Tuesday, including JK Cement, JSW Steel, Persistent Systems, Polycab India, DCM Shriram, Grindwell Norton and Ingersoll-Rand.
Concor Q1 update
Concor has reported 6.0 per cent growth in its total volumes to 11.59 lakh twenty-foot equivalent units (TEUs) in the June quarter, with a 15 per cent rise in domestic volumes to 2.89 lakh TEUs.
Jupiter Wagons QIP hits Street
Jupiter Wagons has launched a qualified institutional placement (QIP) at the floor price of Rs 689.47 per share.
VA Tech Wabag in news
VA Tech Wabag's board has approved the sale of 100 per cent stake in Wabag Water Services S.R.L., Romania (Wabag Romania) for 12 lakh euros. Wabag Romania is a wholly-owned subsidiary of VA Tech Wabag GmbH, Austria (Wabag Austria).
Century Textiles board to meet on July 16
Century Textiles' board is scheduled to meet on July 16 to raise Rs 1000 crore through NCDs.
Financial services basket in the spotlight
The RBI has cancelled the registration certificates of NBFCs Star Finserv India and Polytex India citing irregular lending practices.
HCLTech in focus
HCL Technologies has announced that its chairperson, Roshni Nadar Malhotra, has been conferred France's highest civilian award.
MGL raises CNG, PNG rates in Mumbai
Mahanagar Gas Ltd (MGL) has raised the prices of CNG and PNG in Mumbai with effect from the midnight of July 8-9.
IT stocks to be in focus
Accenture has announced the acquisition of Bengaluru-based semiconductor design services provider Excelmax Technologies for an undisclosed amount.
Royalty payment by Nestle India to parent approved by shareholders
Nestle India shareholders have approved the continuation of a 4.5 per cent royalty payment to its Swiss parent, Nestle.