Indian shares are expected to start Wednesday with little change, as investors weigh mixed signals from Asian markets.
Market outlook
Early trading in the Gift Nifty showed the index at 26,214.5, down about 0.25% from the previous close. The previous day, both the Sensex and Nifty 50 fell for a second straight session, ending 0.44% and 0.27% lower respectively after profit‑taking despite some global support.
Stocks to watch
Titan (Titan Company)
The jewellery and watch maker reported a 40% year‑on‑year rise in revenue for the quarter ended December, helped by a 79% jump in its international business and a 38% increase domestically. The strong numbers could draw buyer interest.
Biocon (Biocon Biologics)
Biocon’s biosimilars arm said it will launch three new oncology biosimilars, expanding what is already a large cancer‑drug portfolio.
Tata Capital
A three‑month lock‑in on about 71.2 million shares (roughly 2% of its equity) ends on Wednesday, freeing those shares for trading.
Mahindra & Mahindra
The automaker unveiled the XUV 3XO EV, a feature‑rich electric SUV aimed at city buyers.
Pidilite Industries
Pidilite’s subsidiary has sold its entire stake in Pepperfry through a share‑swap with TCC Concept, part of TCC’s acquisition of the online furniture platform.
Meesho
The e‑commerce firm’s one‑month lock‑in lifts on Wednesday, releasing 109.9 million shares (about 2% of total equity) for trade.
Indian Energy Exchange (IEX)
IEX shares jumped up to 13% after the Electricity Appellate Tribunal did not issue any order on market coupling, leaving the regulatory picture unchanged.
Lodha Developers
The real‑estate firm posted a 25% rise in sales bookings for the quarter ending December, reaching ₹5,620 crore, driven by strong demand for homes.
Godrej Consumer Projects
Domestic demand showed steady recovery in Q3, and the company expects consumption to improve further as inflation eases and GST rates fall.
IRB Infra
IRB Infrastructure Trust secured a new toll‑road project in Odisha from the National Highways Authority of India.
Remember, this is perspective, not prediction. Do your own research or talk to a financial adviser before making any investment decisions.