Gift Nifty signals flat start for Sensex, Nifty; India Cements, RailTel, Clean Science, Fortis among key stocks to track today

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Summary

The benchmark indices, BSE Sensex and NSE Nifty50, are expected to open on a flat note Thursday, tracking mixed trends across global markets.

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The BSE Sensex and NSE Nifty are set to open flat on Aug 21
The BSE Sensex and NSE Nifty are set to open flat on Aug 21 | Credits: Getty Images

Will Indian equities continue their upward move for the sixth consecutive day? The benchmark indices, BSE Sensex and NSE Nifty50, are expected to open on a flat note Thursday, tracking mixed trends across global markets. Gift Nifty futures were trading 29 points higher at 25,109.50 at 8:20 a.m., suggesting a flat-to-higher opening for the domestic benchmarks.

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The Indian share market is navigating a mix of positives and challenges. Investor sentiment is supported by expectations of GST rationalisation, S&P’s credit rating upgrade, and easing geopolitical risks. At the same time, high valuations, underwhelming earnings, and uncertainty around possible U.S. tariff measures remain areas of concern.

On the global front, Asian peers were trading on a mixed note after a tech-led sell-off on Wall Street overnight. Japan’s Nikkei 225 slipped 0.60% and the Topix declined 0.4%, while South Korea’s Kospi gained 0.88% and the Kosdaq advanced 0.62%.

On Wall Street, U.S. stocks ended mostly lower on Wednesday amid selling in technology heavyweights. The Dow Jones Industrial Average closed marginally higher by 0.04%, while the S&P 500 and Nasdaq Composite lost 0.24% and 0.67%, respectively.

Back home, Indian equities continued their winning streak for the fifth session on Wednesday, driven by strong rally in IT and FMCG space. The BSE Sensex rose 213 points, or 0.26%, to close at 81,986, while the NSE Nifty50 advanced 70 points, or 0.28%, to reclaim the 25,000 mark after nearly a month, settling at 25,050.

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Shares in focus today:

Vedanta: The National Company Law Tribunal (NCLT) on Wednesday deferred hearing on demerger proposal to September 17.

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India CementsUltraTech Cement will divest 2.01 crore shares, or a 6.49% stake, in India Cements, through an offer for sale (OFS) on August 21-22.

RailTel Corporation of IndiaThe company has secured two work orders worth ₹50.4 crore from Kerala State Information Technology Mission and the Higher Education Department, Government of Odisha.

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Exide Industries: The company has invested ₹100 crore in its subsidiary Exide Energy Solutions via a rights issue, raising its total investment in the subsidiary to ₹3,802.23 crore.

Titan CompanyP B Balaji has resigned as non-executive, non-independent director of Titan Company, effective August 20.

Godrej Properties: The real estate developer has entered into an agreement to acquire a 7% stake in Godrej Skyline Developers from an existing shareholder.

Clean Science and Technology: Promoters Ashok Boob and Krishna Boob are looking to sell up to 24% of their stake in the company worth around ₹2,626 crore through block deals.

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Fortis HealthcareThe company has signed a collaboration agreement with Ekana Group, Lucknow, to manage and operate a 550-bed greenfield super specialty hospital near Gomti Nagar, which will be constructed by Ekana Group.

Hitachi Energy India: The board has appointed Ismo Antero Haka as the new Chairman, succeeding Achim Michael Braun.

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Thermax: The company has completed the acquisition of a 23.03% stake in Thermax Bioenergy Solutions (TBSPL) from Everenviro Resource Management, making TBSPL a wholly owned subsidiary.

Fedbank Financial Services: The board will meet on August 25 to consider issuing non-convertible debentures (NCDs) of up to ₹2,500 crore.

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Shaily Engineering Plastics: Unlisted subsidiary Jupiter Tatravagonka Railwheel Factory has secured an order to supply 5,376 wheelsets for the Vande Bharat Train, in a contract valued at ₹215 crore.

Nucleus Software Exports: The company has appointed Vishnu R Dusad as Interim Chief Financial Officer, effective August 20.

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SMC Global Securities: The company is investing ₹15 crore in equity shares of the National Commodity & Derivatives Exchange (NCDEX).

Popular Vehicles and Services: Step-down subsidiary Prabal Motors has executed a Business Transfer Agreement (BTA) to acquire BharatBenz dealership operations from Globe CV in Punjab.

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Crisil: The rating agency’s subsidiary, Crisil Irevna U.K., has approved the establishment of a wholly owned subsidiary, Crisil Canada Inc., in Canada.

Computer Age Management Services (CAMS): The company has obtained RBI’s no-objection to transfer its online payment aggregator operations to its subsidiary, CAMS Payment Services (CAMSPAY).

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Enviro Infra Engineers: PTC India Financial Services has finalised agreements with Enviro Infra’s subsidiary, EIE Renewables, for the transfer of management of Vento Power Infra.

Poly Medicure: The National Company Law Tribunal (NCLT), Allahabad, has approved Poly Medicure’s resolution plan for Himalayan Mineral Waters under the Insolvency and Bankruptcy Code (IBC).

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