Stock Market Today: The NSE IX’s GIFT Nifty increased by 9 points and reached around 22,627. It shows that Dalal Street will likely have a quiet start. Yesterday’s closing value of 83.31 for the rupee against the US dollar saw an increase of 6 paise as a result of the US dollar’s decline against other major currencies abroad and the decline in the price of crude oil on global markets. The gains in metal stocks countered losses in other sectors, allowing Indian equities to recover and close flat on yesterday. The NSE Nifty50 index concluded above the 22,500 mark. However, the S&P BSE Sensex closed 0.07% lower at 73,953. Aditya Birla Fashion and Indian Bank are two stocks that are likely to be in the recommended list.
Stock Market Today: Stocks in focus
Apollo Tyres
With its headquarters located in Gurgaon, Haryana, Apollo Tyres Limited is a global Indian corporation that manufactures tyres. The company currently operates five manufacturing facilities in India, one each in Hungary and the Netherlands. India accounts for 69% of the company’s sales, followed by Europe (26%), and other countries (5%). According to sources, White Iris Investment, a division of Warburg Pincus, plans to sell a 3.5% share in Apollo Tyres through block agreements.
PNC Infratech
One of the leading infrastructure development, construction, operation, and management firms in India is PNC Infratech. The company has a wealth of experience and a track record of successfully completing projects in key infrastructure areas, such as highways, flyovers, bridges, airport runways, and motorways. For two EPC road projects valued at Rs 4,994 crore from the Maharashtra State Road Development Corporation, PNC Infratech has declared L1.
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