Stocks to watch, Sept 10: Redington, OMCs, ONGC, OIL, Asian Paints, Wipro, IRB Infra, Dilip Buildcon

The domestic stock market is once again expected to open in the red on Thursday, September 10, amid elevated crude oil prices as geopolitical tensions continue to flare up. The GIFT NIFTY futures suggest that the NIFTY50 index will open 59 points lower.

Higher crude prices could pressure oil marketing companies (OMCs) such as Indian Oil, BPCL and HPCL if they are unable to fully pass on higher costs to consumers.

On the other hand, ONGC and Oil India could benefit from higher crude prices through better realisations.

Paint and tyre companies could face margin pressure as crude derivatives are key raw materials, while aviation stocks may see higher operating costs as jet fuel prices tend to move with crude.

The impact, however, will vary depending on companies’ pricing power, inventory levels, hedging and ability to pass on higher costs.

The company said it has received a Letter of Intent (LoI) for authorisation to lay, build, operate or expand a petroleum and petroleum product (LPG) pipeline from Paradip, Odisha, to Raipur, Chhattisgarh. The project is worth ₹1,800 crore.

“The Project entails the grant of an exclusive license by PNGRB to act as the authorized entity for the development of “pipeline” infrastructure for the transportation of LPG, including financing, construction, and operation of the same, and to levy and collect tariff for the transportation of LPG up to the designated delivery point for an operation period of 25 years after a construction period of 3 years,” Dilip Buildcon said in a regulatory filing.

iPhone 18 Pro and iPhone 18 Pro Max are available in four colours - black, silver, glacier, and an all-new burgundy.

"iPhone 18 Pro and iPhone 18 Pro Max will be available in 256GB, 512GB, 1TB, and 2TB storage capacities. Available in burgundy, glacier, silver, and black, iPhone 18 Pro starts at ₹1,64,900 and iPhone 18 Pro Max starts at ₹1,79,900," the company said in a statement.

The stock will be in focus as Redington, a key Apple distributor in India, could benefit from demand for the new premium iPhone 18 Pro models, supporting its distribution business.

Commenting on this, Amitabh Murarka, Dy. CEO, IRB Infrastructure Developers Limited said, “Our strong toll revenue performance in August 2026 reflects the sustained traffic growth across our assets. The traffic growth, coupled with the tariff revision implemented at the beginning of FY27, has further supported our revenue performance.”

The CEO further said, “With robust GDP growth indicating sustained economic activity, coupled with the onset of the festive season beginning with the Ganesh Festival, we expect the positive traffic momentum to continue. We remain well positioned to deliver stronger toll revenue growth in the coming months, further strengthening our overall growth momentum.”

The other three lenders include CSB Bank, DCB Bank and AU Small Finance Bank, according to a regulatory filing dated September 9.

The Reserve Bank of India (RBI), through different letters dated September 8, 2026, permitted ICICI Prudential Asset Management Company Ltd (applicant) to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in these banks, ICICI Bank, the parent entity of the fund house, said.

“The Command Center rewires enterprise security for frontier AI-accelerated risks to create proactive, risk-informed cyber resilience aligned to business priorities,” Wipro said.

According to a regulatory filing dated September 9, the centre will be operationalised through Wipro Intelligence solutions, including CyberTransform and CyberShield, and will be supported by the CrowdStrike Falcon platform.