By Soumya Ranjan Here is a brief overview of equities that are probably going to be the focus of today’s trading.
Today’s stock market: Despite some late buying assistance, Tuesday’s highly turbulent session saw Indian benchmark indices close slightly lower.
The BSE Sensex ended the day down 151 points, or 0.18 percent, at 84,628 after falling more than 550 points during the day to reach an intraday low of 84,219.39. Similarly, the NSE Nifty 50 closed at 25,936, down 30 points or 0.11 percent, after falling 150 points to a low of 25,810.05.
On the monthly ending day, markets saw turbulent trading and concluded flat, essentially extending the current phase of consolidation. The Nifty index saw significant fluctuations during the session following an initial increase before ultimately finishing at 25,936.20. Sector-wise, the majority of indexes ended the day lower, with FMCG, IT, and real estate being the biggest losers. However, the decline was mitigated by the strength of banking and metal sectors. Additionally, the broader indices finished essentially flat, indicating selective participation as opposed to a widespread rally.
Prior to significant U.S. tech earnings reports and important international central bank meetings, market sentiment remained cautious. Ajit Mishra, SVP of Research at Religare Broking Ltd., stated that while consistent domestic inflows and a generally strong results season thus far helped sustain an overall upbeat tone, reduced activity by international institutional investors in the cash category also affected sentiment.
Here is a brief overview of equities that are probably going to be the focus of today’s trading.
Stocks to Watch Today
Larsen & Toubro, Hindustan Petroleum, Coal India, SAIL
Due to the firms’ Q2 results being released today, shares of Larsen & Toubro, Hindustan Petroleum, Coal India, and SAIL will continue to be of interest on Wednesday.
Adani Green Energy
Stronger energy sales and improved operating efficiency helped the company achieve a 25% gain in profit for the second quarter, despite largely similar overall revenue.d
Oil India
To promote growth in refining, petrochemicals, and logistics infrastructure, the company has partnered with Bharat Petroleum Corporation (BPCL) and Numaligarh Refinery (NRL).
BPCL
During an industry event on Tuesday, India’s state-owned Bharat Petroleum Corporation (BPCL) signed three contracts, one of which was with Oil India to build a greenfield refinery and petrochemical complex in Andhra Pradesh valued at ₹1 trillion ($11.38 billion).
BEML
A quadripartite Memorandum of Understanding (MoU) has been inked by the state-owned company with Umeandus Technologies India Private Limited (UTIPL), Delhi Metro Rail Corporation (DMRC), and Deendayal Port Authority (DPA).
RBL Bank
The biggest banking firm in Dubai, Emirates NBD, has made an open bid to buy up to 26% of RBL Bank for ₹280 a share, making the deal worth ₹11,636 crore.
Jindal Steel
For the second quarter of FY26, Jindal Steel and Power reported a 26% decrease in consolidated net profit to ₹635.08 crore from ₹860.47 crore in the same period last year.
Swan Defence and Heavy Industries
In order to collaboratively design and construct Landing Platform Docks (LPDs) for the Indian Navy, Mazagon Dock Shipbuilders and Swan Defence have signed an exclusive teaming arrangement.
Disclaimer: This narrative is solely intended for educational reasons. The opinions and suggestions expressed above are not those of the Times of Dalal Street, but rather those of specific analysts or broking firms. Before making any financial decisions, we suggest investors to consult with qualified specialists.