Stocks in Focus on December 23: Infosys, Wipro, Bajaj Auto, Jubilant FoodWorks to Logistics & Warehousing Stocks; here are the 5 Newsmakers of the Day

Benchmark indices ended a volatile session with strong gains on Tuesday, December 22, 2020. The S&P BSE Sensex jumped 452.73 points or 0.99 per cent to 46,006.69. The Nifty 50 index added 137.90 points or 1.03 per cent to 13,466.30. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, December 23, 2020. List of such five stocks:

Infosys: Daimler and Infosys Announce Strategic Partnership to Drive Hybrid Cloud-powered Innovation & IT Infrastructure Transformation in the Automotive Sector. 

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Wipro: Wipro Ltd on Tuesday said that its share buyback programme of up to Rs 9,500 crore, will start on December 29, 2020, and close on January 11, 2021. The IT firm in October had approved a proposal to buy back up to 23,75,00,000 equity shares of the company at Rs 400 per share. Besides, Wipro Limited has announced a significant strategic digital and IT partnership deal with METRO AG, the leading global wholesale company that is redefining the foodservice distribution industry. The estimated deal value for the duration of the first 5 years is approximately $70 crore.

Bajaj Auto: Bajaj Auto on Tuesday announced that it has signed a Memorandum of Understanding with the Government of Maharashtra to set up a manufacturing facility on a proposed investment of Rs 650 crores in Chakan, Maharashtra. The facility is expected to commence production in 2023. This facility will be utilised for manufacturing high-end KTM, Husqvarna and Triumph motorcycles as well as for electric vehicles starting with Chetak.

Jubilant FoodWorks: Domino's Pizza has introduced ‘The Unthinkable Pizza’, India’s first plant protein-based product.

Logistics & Warehousing Stocks: Singapore’s sovereign wealth fund GIC and Hong Kong’s logistics developer ESR Cayman on Tuesday said they have formed a Rs 5,500 crore joint venture (JV) to develop and acquire industrial and logistics assets in the country. It will be an 80:20 partnership deal, focusing on Tier 1 and Tier 2 cities.