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. The GIFT Nifty, which is a futures contract based on the Nifty 50 index, was trading 116 points higher at 25,095.0 as on 7:09 am on the NSE International Exchange.

The benchmark Nifty 50 index has fallen 1.18 per cent in the past five days, and investors are hoping for rebound today. On Wednesday, the 30-share S&P BSE Sensex ended 398.13 points lower at 81,523.16, while the broader 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, the S&P/ASX 200 was up 0.6 per cent being driven by financials and energy stocks. Nasdaq jumped 2.17 per cent and the S&P 500 gained 1.07 per cent.

Stocks in focus

• NBCC (India) Ltd: The company is undergoing focus on the land development project situated in New Delhi, with MTNL, costing Rs 1,600 crores which could help to augment the 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 further ramps up revenues.
• Max Healthcare: Simplifying structures by winding up ET Planners Private Limited and consolidating the assets under Alps Hospital Limited.
• Hindustan Petroleum Corporation Limited: Award of major projects that included Rs 30,609 crores for refinery modernisation, thereby enhancing operational efficiency.
• Adani Ports and Special Economic Zone Ltd (APSEZ): Concession agreement to develop Berth No. 13 at Kandla, Gujarat, to strengthen port infrastructure.
• Wipro : In collaboration with JFK International Air Terminal, it designed a cloud data strategy on Microsoft Azure. The 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 the esports sector.
• Ramkrishna Forgings: Sold its interest in Globe All India Services to Yatra Online. The move will further streamline its efforts on core operations.
• GE T&D India: Received an order for high voltage products from Grid Solutions, which is expected to further boost top line revenue in power transmission.