The Indian stock market ended Thursday's session on a flat note, with the Sensex slipping 78 points to 84,481.81 and the Nifty 50 edging down 3 points to 25,815.55. This lackluster performance was due to a lack of fresh market triggers, leading to a cautious bias among investors.
Market Trends and Sector Performance
The Nifty attempted a recovery during the first half of the session but failed to sustain higher levels, eventually settling at 25,815.55. Sectoral trends were mixed, with energy, auto, and pharma experiencing selling pressure, while IT showed strength and financials and metals witnessed selective participation.
Stocks to Watch on Friday
Several corporate actions took place after the market closed on Thursday, which are expected to attract the attention of stock investors. Some of the key stocks to watch include:
- Ola Electric Mobility: Ola Electric promoter Bhavish Aggarwal divested additional 2.83 crore shares via a bulk deal, extending his stake sale to a third straight session.
- Swiggy, Waaree Energies, Premier Energies, and Bajaj Holdings & Investment: These stocks will be included in the Futures & Options (F&O) segment with effect from December 31.
- Bharat Petroleum Corporation and Coal India: The companies announced a joint venture to establish a coal gasification project at Western Coalfields in Maharashtra, pending regulatory clearances.
- HCL Tech: The IT services firm acquired the telecommunications solutions business of Hewlett Packard Enterprise (HPE).
- Bharti Airtel: The telecom giant announced a first and final call of ₹401.25 per share on 39.23 crore outstanding partly paid-up equity shares.
- Shriram Finance: The company's board will meet to consider raising capital through a potential stake sale.
- Vodafone Idea: The company's subsidiary raised ₹3,300 crore by issuing unlisted, unrated, secured non-convertible debentures (NCDs).
- Reliance Industries: The company's FMCG arm acquired a controlling stake in Udhaiyam Agro Foods Private Limited.
- Aditya Birla Fashion and Retail: The company received a tax demand from the Deputy Commissioner of State Tax, Mumbai.
- Lupin: The pharmaceutical major's subsidiaries signed an exclusive licensing deal with Italy-based Neopharmed Gentili S.p.A to market and promote the gastroenterology brand Plasil.
Disclaimer and Investment Advice
Remember, this is a perspective, not a prediction. Before making any investment decisions, please consult with an investment advisor. The Indian stock market can be volatile, and it's essential to stay informed and up-to-date with the latest news and trends.