The stock market on Wednesday, February 24, remained volatile and closed in the green for the second consecutive day where the Bombay Stock Exchange (BSE) reclaimed the 50,000 mark while the Nifty50 jumped sharply post re-opening in the afternoon. Due to a technical glitch, trading at the National Stock Exchange (NSE) halted for nearly four hours starting at 11:40 am. Following the same trend, the market on Thursday, February 25 is expected to give a positive start as the SGX Nifty was trading 227.50 points or 1.54 percent higher at 15,033.50 at 7:15 am.
On February 24, the BSE Sensex witnessed a gain of 1,030.28 points or 2.07 percent to close at 50,781.69 whereas, the NSE Nifty was up by 274.20 points or 1.86 percent to settle the day at 14,982.00.
Top stocks to look for the day are:
Wipro: Ren Mulder has been appointed by the company as Country Head and Managing Director of its Switzerland operations.
Max Financial Services: Formal approval has been given by IRDAI for the acquisition of up to 12 percent stake in Max Life Insurance Company by Axis Bank and its subsidiaries.
Piramal Enterprises: Piramal Pharma Ltd which is a subsidiary of Piramal Enterprises has completed the acquisition of an additional stake in Convergence Chemicals Private Ltd for Rs 65.10 crore.
Cadila Healthcare: Sentynl Therapeutics which is a subsidiary of the company, will buy Cyprium Therapeutics’ Copper Histidinate product candidate to treat Menkes disease for USD 20 million.
Cochin Shipyard: To make world-class dredgers the company has partnered with Dredging Corporation of India and IHC Holland BV.
Just Dial: The company has launched Jd Mart which is its B2B portal across various platforms for users.
Indiabulls Real Estate: The proposed merger of NAM Estates Pvt Ltd and Embassy One Commercial Property Developments Pvt Ltd into Indiabulls Real Estate has been approved by the Competition Commission of India.
Bharti Airtel: The company has entered into the advertising business by launching Airtel Ads.
Aditya Birla Fashion and Retail Ltd: The company has entered into a partnership with fashion designer Tarun Tahiliani to launch a men's ethnic wear brand to build a Rs 500 crore business in the next 5 years.