After managing to barely snap their 5-day losing run on Tuesday, the benchmark indices look poised for a gap-up start in today s trade even as the global setup remained mixed. At 7.15 am, Nifty futures on the Singapore Exchange traded 94 points up at 14,808. In the overnight session, the Dow & S&P500 recouped early losses after Federal Reserve Chairman Jerome Powell signaled that the central bank was nowhere close to pulling back on its support for the pandemic-damaged US economy even as he voiced expectations for a return to more normal, improved activity later this year. Powell said that Fed would remain accommodative and would not change without advance warning.
Here are the top stocks to track in today s session:
Tata Consumer, GAIL: The Tata Group firm will replace GAIL India in Nifty50 Index from March 31, 2021.
NTPC: State-owned NTPC said it has signed a share purchase agreement to buy GAIL s 25.51 per cent stake in Ratnagiri Gas and Power Pvt Ltd (RGPPL), which is commonly known as Dabhol project. In other news, the company raised Rs 900 crore through issuance of unsecured, redeemable, taxable, listed, rated non-convertible debentures.
SPARC: Sun Pharma Advanced Research Company (SPARC) said the USFDA has ruled against its appeal related to Taclantis, its under development product for treatment of breast cancer.
Stocks to watch today on February 24: Coal India, Pfizer, SBI Cards, Tata Power, NTPC, UPL among others are the top stocks to watch out for in Wednesday s trading session
Updated Feb 24, 2021 | 09:35 IST
Liquor stocks, Tata Consumers, NTPC, SPARC, Mazagon Dock, Sanofi will be in focus on the back of news flow. Stocks to track in trade for February 24, 2021: Liquor stocks, Tata consumer products, NTPC, Sanofi, StoveKraft.
Liquor stocks
The liquor stocks in focus after United Spirits said it has initiated a strategic review of some of its popular brands. The company initiates a strategic review of select popular brands excluding McDowell’s and Director’s Special trademarks. Review process to be completed by end of 2021.
Tata Consumer Products
The company will replace GAIL India in Nifty50 Index from March 31, 2021. It is the 5th Tata Group Company In the Nifty. Together now has Tata group stocks weightage is 8.1% behind RIL 10.8% & HDFC GROUP 18.8%. Now nifty has 7 consumer stocks. HUL ITC Asian paints Nestle Britannia Titan and Tata consumer.