LTI Mindtree, Tata Motors, Wipro, SBI among stocks to watch on Wednesday
Indian equity benchmarks amid poll counting took an abrupt downward move which led to bloodbath on the D-Street in Tuesday's session.
Stocks to watch on June 5, 2024: At 8:05 am, Gift Nifty futures traded higher by 0.68 per cent or 148.85 points at 22,057, suggesting a recovery for the D-Street today. Indian equities amid a less favourable polling outcome for the BJP-led NDA saw bloodbath on the D-Street. Nifty at the close ended nearly 6 per cent lower or 1,379.4 points at 21,884.5 points, while the 30-stocks index Sensex plummeted 5.74 per cent or a staggering 4,389.73 points at 72,079.05, eroding investors wealth by nearly Rs 30 lakh crore in a single session.
Now, as the D-Street is likely to react to the poll outcome today, here are the stocks that will see action going in trade on Wednesday:
LTIMindtree
Shares of the IT services firm will be in focus after the company has expanded its strategic partnership with SAP for delivering complex manufacturing industries.
Tata Motors
The company in an exchange filing today said that the merger of Tata Motors Finance and Tata Capital has been given a go-ahead.
SBI
The PSU lender’s board will meet on June 11, 2024 for mulling long term fund raising up to US$ 300 crores.
Wipro
The IT major has launched an AI-assisted security and risk platform powered by ZScaler.
CONCOR
The company and Shipping Corporation of India signed an MoU to provide a seamless end to end logistics solution.
NLC India
The company’s board meeting is scheduled on June 10 to consider raising funds up to US$ 600 million via external commercial borrowings.