Indian markets closed in the red on Monday amid high volatility, swept by financials and FMCG stocks. Both benchmark indices – Sensex and Nifty50 – closed nearly 1 percent lower, while the broader markets outperformed benchmarks as Nifty midcap fell 81 points to 28,897 at the close.

According to market analyst Narendra Solanki, Head-Equity Research (Fundamental), Anand Rathi Shares & Stock-Brokers said, “Indian markets opened mixedly after muted Asian market signals as rising oil prices and ongoing crisis in Ukraine kept investors on their toes.”

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“The return of FII to buy mode is positive for domestic equities, but the rise in bulk diesel prices and inflationary pressures are bending the domestic market,” said Vinod Nair, Head of Research at Geojit Financial Services.

Stocks such as Wipro, L&T, Bank of India, Karnataka Bank, Thermax, PNB, REC, Equitas Holdings, BEL, SBI Life, SBI Cards are likely to be in the spotlight on Tuesday.

Stocks in News

Thermax wins new order worth Rs 1,176 crore for sulfur recovery unit; with this company, FY22 can end with an order book of Rs 8,000 crore.

BHEL has announced the appointment of Upinder Singh Matharu as Executive Director of the company effective March 21, 2022.

Bank Of India invests Rs 108.81 crore in National Asset Reconstruction Company (NRC); get 9 percent of the shares.

Aviation Stocks: DGCA (Directorate General of Civil Aviation) says surveillance of Boeing 737 fleet is being improved during a plane crash in China.

Wipro’s board considers interim dividend on March 25

The board of Larss and Toubro is considering raising money through debt on March 24th

Equitas Holdings Board approves merger with Equitas SFB, shareholders to get 231 shares for 100 shares.

REC’s Board to Raise Funds Through Debt for FY23

The board of Punjab National Bank is considering raising money through bonds on March 29

Company Actions

Wonkhardt Rights Issue is scheduled to close on Tuesday

Gateway Distriparks shares will be listed on exchanges again on Tuesday

Ex-date of interim dividends from AGI Infra at Rs 1 per share, BCL Industries at Rs 2 per share and Mishra Dhatu Nigam at Rs 1.56 per share.

board meetings

Respective boards of BEML SBI Life and SBI Cards will meet separately on Tuesday to discuss and consider dividend.

Indiabulls Housing Board to consider raising funds through bonds on Tuesday

Karnataka Bank Board Meets Tomorrow to Consider Fundraising Options

Hudco’s board is meeting tomorrow to consider Rs 7000 crore fundraising options via bonds.

Economic indicator

Jerome Powell, chairman of the US Fed Reserve, speaks

Speech by President Lagarde of the European Central Bank


This post Stocks in the news: Wipro, L&T, PSU banking and Aviation stocks among other key scrips to watch on Tuesday was original published at “https://www.zeebiz.com/market-news/news-stocks-in-news-wipro-lt-psu-bank-and-aviation-stocks-among-other-key-scrips-to-watch-out-for-on-tuesday-181262”

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