The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading lower by 100 points at 23,638, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday.
Earlier on Tuesday, 8 September, the domestic benchmark indices S&P BSE Sensex slumped by 555 points or 0.73%, and settled at 75,577 while the Nifty50 traded 0.61% lower or 144 points, closing at 23,635.
Here are some stocks that are likely to remain in focus on 9 September.
Innovision: Innovision has received a Letter of Award (LoA) worth Rs 243.6 crore to act as the user fee collection agency for IDTL A and IDTL B fee plazas on the six-laning project of the Indore-Dewas section of NH-3 and the Pachwara fee plaza on the four-laning project of the Jhansi-Khajuraho section of NH-39 in Madhya Pradesh.
Enviro Infra Engineers: Enviro Infra Engineers’ subsidiary Suyog Urja has secured a Rs 189.99 crore contract from Tata Power Renewable Energy for EPC turnkey works for the 180 MW NTPC Wind Power Project at Parli, Maharashtra.
Raymond: The company’s Board has approved raising Rs 214.71 crore through the preferential allotment of 33.29 lakh convertible warrants at an issue price of Rs 645 per warrant. The warrants will be issued for cash on a private placement basis to Minerva Ventures Fund.
Fermenta Biotech: Fermenta Biotech has signed an exclusive licence agreement with Vellore Institute of Technology (VIT), Vellore, to commercialise technology for natural in-situ vitamin B12 fortification in fermented foods.
Sanofi India: The Supreme Court of India has dismissed Sanofi India’s petition seeking to quash criminal proceedings against the company. The ruling addresses whether criminal prosecution can continue against a company when no individual employee has been named as an accused. The case relates to pharmaceutical supplies made to the Bhabha Atomic Research Centre (BARC).
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