Stock Market Today: The GIFT Nifty on the NSE IX increased by 19.5 points, to 22,458.50 on Wednesday, indicating that Dalal Street was off to a good start. Tuesday saw a significant increase in U.S. stocks, with the S&P 500 closing at a new high as Oracle shares rose and consumer pricing data failed to depress investors’ expectations of interest rate reduction in the near future. Wednesday saw a rise in Tokyo markets as US tech shares recovered on ongoing expectations that the US would decrease interest rates. Early trading saw a 0.81 percent gain, or 314.74 points, in the benchmark Nikkei 225 index to 39,112.25, and a 0.89 percent gain, or 23.67 points, in the Topix index.
Stock Market Today: Stocks in focus
Vedanta
The whole board of the company has been prohibited from accessing the capital market by Sebi, and the company has been forced to pay Scottish exploration Cairn Rs 77.62 crore for the dividend payment delay. The East Central Railway has sent HG Infra Engineering a letter of acceptance to begin construction of a double line track in the Gaya-Son Nagar section in Bihar. The project will set you back Rs 709 crore.
Signatureglobal
Under the Affordable Housing Policy of 2013, the company, through its subsidiary, has started construction on a new property named “Orchard Avenue-3” in Sector 93, Gurugram. The project is composed of 235 units total, distributed across 1.66 acres of land.
ITC
British American Tobacco (BAT) may sell up to 3.5% of its stock in ITC in block sales on Wednesday. The purchase would involve 436.9 million shares priced between Rs 384 and Rs 400.25 per share.
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