Jio Financial Services, Indigo, Gujarat Gas, Vedanta are key stocks to focus
Upstox
2 min read • Updated: April 16, 2024, 9:05 AM
Summary
Jio Financial services, Interglobe Aviation ,Gujarat Gas are few key stocks which will be in focus on Tuesday morning.
Indian markets are set to open negative tracking global cues. The US markets closed in deep red with concerns over a rate cut increase due to rising geopolitical tensions. The Asian markets are also trading in losses in the range of 1.5% to 2%.
On the commodities front, Gold prices are trading firm at $2,388 per ounce on Tuesday morning after falling from recent record highs . The Brent crude oil prices also traded 0.4% higher on Tuesday morning.
Stocks to watch
Jio Financial Services will enter the broking and wealth management industry with BlackRock in a 50:50 joint venture. The company is also awaiting a licence from SEBI for asset management.
According to the media reports, Vedanta secured an 11-year term loan worth ₹3,918 crore from Power Finance Corp (PFC).
Cipla to purchase distribution and marketing business undertaking cosmetics and personal care from Ivia Beaute, India, through a slump sale arrangement for ₹130 crore.
Indigo reported a gain in market share in the latest aviation industry data. Indigo’s market share as of March stood at 60.5% vs 60.1% in February.
LTIMindtree’s senior executives resign from the top position effective April 15. Pankaj Chugh and Gregory Dietrich have resigned as executive vice-president of global sales.
Gujarat Gas signed a memorandum of understanding (MoU) with Indian Oil Corporation to scale energy solutions for consumers. IOC will provide petroleum products at Gujarat Gas facilities