The stock market on Thursday, March 4 closed in the red, breaking the three-day gaining streak with the benchmark indices falling one percent each. Following the same trend, the market indices on Friday, March 5 is expected to give a negative start as the SGX Nifty was trading 249.50 points or 1.66 percent lower at 14,821.50 at 7:00 am. On March 4, the BSE Sensex witnessed a fall of 598.57 points or 1.16 percent to close at 50,846.08, while the NSE Nifty was down by 164.85 points or 1.08 percent to settle the day at 15,080.75.
Top stocks to look for the day are:
Wipro: An agreement has been signed by the company to acquire Capco, which is a global management and technology consultancy providing digital, consulting and technology services to financial institutions in America, Europe and the Asia Pacific for USD 1.45 billion.
Heranba Industries: On March 5, the company will get its shares listed on bourses. The issue price of the same has been fixed at Rs 627 per share.
Tata Consultancy Services: The launch of a suite of Covid-19 testing and vaccine management solutions has been announced by the company.
Kotak Mahindra Bank: An MoU has been signed by the bank with Indian Army to handle the salary account of the Indian army personnel.
Tata Power: On March 5, the company will be meeting with Bajaj Allianz via video conferencing.
Hindustan Copper: Through video conferencing, the officials of the company will be meeting institutional investors on March 5.
Unichem Labs: USFDA has given ANDA approval to the company for its Guanfacine tablets to market a generic version of TENEX (Guanfacine) tablets of Promius Pharma LLC.
Nitin Spinners: Via open market sale, Aditya Birla Sun Life Mutual Fund has reduced stake in the company to 3.03 percent from 5.07 percent.
ISGEC Heavy Engineering: Order for waste heat recovery boilers has been received by the company from Shree Cement.
Laurus Labs: Shares worth Rs 191.67 crore of the company has been sold by Dr Satyanarayana Chava, Founder Promoter, CEO and ED of the company. Nagarani Chava, who is one of the promoters of the company, has also sold shares of Rs 66.04 crore.