Indian stock market investors are likely to track several companies on Wednesday, September 9, following key business developments, order wins, fundraising plans, stake sales, and other corporate announcements made after market hours.
NLC India, HMA Agro Industries, Innovision, Raymond, and Enviro Infra Engineers, Bank of Baroda are among the stocks likely to remain in focus. Tata Communications may also attract attention after its South Africa-based subsidiary Kaleyra Africa was dissolved following the completion of its voluntary liquidation process.
The Indian stock market remained under pressure in Tuesday's trade, September 8, as surging crude oil prices strengthened expectations that major global central banks, led by the US Federal Reserve, could consider raising interest rates to contain inflation.
The Nifty 50 fell another 0.61% to settle at 23,635, while the Sensex declined 0.73% to close at 75,577. The broader markets, however, managed to recover from their intraday losses, with the Nifty Midcap 100 and Nifty Smallcap 100 ending 0.21% and 0.17% higher, respectively.
NLC India: NLC India Renewables, a wholly owned subsidiary, emerged as the successful bidder for a 200 MW wind power project under SJVN's 600 MW wind power tender. The company has received a Letter of Award from SJVN.