Stocks To Watch: ITC, Vedanta, Aurobindo Pharma, Ramco Cements, Glenmark Pharma, Shree Cement

Here are the stocks to watch before going into trade today, featuring major companies like ITC, Vedanta, Aurobindo Pharma, and others.

Stocks To Watch: ITC, Vedanta, Aurobindo Pharma, Ramco Cements, Glenmark Pharma, Shree Cement
Photo by Damjan Dobrila / Unsplash

In the spotlight for Wednesday's trading session are several key stocks due to significant developments and market movements:

  • ITC: British American Tobacco is set to sell up to a 3.5% stake in ITC for over Rs 17,482 crore through a block trade, putting ITC in sharp focus.
  • Vedanta: SEBI has mandated Vedanta to compensate Scottish explorer Cairn with Rs 77.62 crore due to a dividend payment delay, impacting Vedanta's stock.
  • Asian Market Trends: The Asia-Pacific stock markets witnessed gains early Wednesday, following a rally on Wall Street sparked by U.S. inflation data surpassing expectations. Notably, Japan's Nikkei 225 and Australia's S&P ASX 200 saw modest increases.
  • Global Market Movements: The S&P 500 hit a record high, led by Oracle's share gains, with the Nasdaq Composite and Dow Jones also reporting upward movements. Brent crude and gold prices saw slight increases, reflecting broader market sentiments.
  • Indian Equity Market Recap: The NSE Nifty 50 and the S&P BSE Sensex ended mixed in the previous session, with foreign portfolio investors continuing their buying streak for the fifth consecutive session, purchasing stocks worth Rs 73.1 crore.
  • Currency and Investments: The Indian rupee strengthened against the U.S. dollar, opening at 82.72. Additionally, Kotak Mahindra reduced its stake in KFin Technologies for Rs 208 crore, signaling active investment movements.

Source

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