Nifty, Sensex poised to open higher amid positive global momentum

Stock market news: Benchmark indices are expected to open on a positive note on Thursday, September 12. GIFT Nifty, which is a futures contract based on Nifty 50 index, was tring 116 points higher at 25,095.0 as on 7:09 am on NSE International Exchange.

benchmark Nifty 50 index has fallen 1.18 per cent in past five days, and investors are hoping for rebound today. On Wednesday, 30-share S&P BSE Sensex ended 398.13 points lower at 81,523.16, while broer NSE Nifty 50 ended 122.65 points lower at 24,918.45.

Overnight, Wall Street dipped initially, however, rose later on back on a surge in tech stocks led by Nvidia. Japan's Nikkei 225 surged 3.2 per cent, following gains from Wall Street and a softer yen, while in Australia, S&P/ASX 200 was up 0.6 per cent being driven by financials and energy stocks. Nasdaq jumped 2.17 per cent and S&P 500 gained 1.07 per cent.

Stocks in focus

• NBCC (India) Ltd: company is undergoing focus on land development project situated in New Delhi, with MTNL, costing Rs 1,600 crores which could help to augment project portfolio of this company.
• State Bank of India: Issue of preference shares in Indonesia, and consequently affect its consolidated international operations.
• Hazoor Multi Projects Limited: Award of toll collection contract from NHAI for Rs 2.59 crores, which furr ramps up revenues.
• Max Healthcare: Simplifying structures by winding up ET Planners Private Limited and consolidating assets under Alps Hospital Limited.
• Hindustan Petroleum Corporation Limited: Award of major projects that included Rs 30,609 crores for refinery modernisation, reby enhancing operational efficiency.
• ani Ports and Special Economic Zone Ltd (APSEZ): Concession agreement to develop Berth No. 13 at Kandla, Gujarat, to strengn port infrastructure.
• Wipro : In collaboration with JFK International Air Terminal, it designed a cloud data strategy on Microsoft Azure. concept aimed at greater digital services.
• Nazara Technologies: Acquired a 15.86 per cent stake in GetStan Technologies for Rs 18.4 crores to expand in esports sector.
• Ramkrishna Forgings: Sold its interest in Globe All India Services to Yatra Online. move will furr streamline its efforts on core operations.
• GE T&D India: Received an order for high voltage products from Grid Solutions, which is expected to furr boost top line revenue in power transmission.