Opening Bell: Frontline indices trade lower in the morning session
On Monday, Indian equity markets kicked off the first trading session of October on a weak note.
At 9:20 am, Nifty 50 and Sensex are seen trading at levels of 17,070 and 57,300, down by 0.17% and 0.15%, respectively. Top Nifty gainers include ONGC, NTPC, Coal India, Apollo Hospital and Reliance Industries.
Watch out for these buzzing stocks in today’s session!
Kaveri Seeds – The company has received a demand notice for Rs 73.25 crore from the income tax authorities for the AY 2020-21. The company is engaged in the research, production, processing and marketing of various high-quality hybrid seeds. It is among the largest crop seed producers in India.
Newgen Software Technologies – The company has been selected as a successful bidder for the digital lending platform by the Indian Bank for Rs 48.59 crore for a tenure of 5 years. It is engaged in the business of software product development including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging.
HFCL – The company has recently announced the launch of 5G Lab-as-a-Service to accelerate the rollout of 5G solutions and services. HFCL’s 5G Lab-as-a-Service provides an automated test environment for the private sector, academia and government to work together on product innovations from concept to reality. The 5G Lab will help to create pre-integrated and pre-validated 5G solutions for Low Mobility Large Cell needed for the efficient rollout of rural mobile broadband in the country.
HFCL is a leading technology company specialising in creating digital networks for telcos, enterprises and governments. Over the years, HFCL has emerged as a trusted partner offering sustainable high-tech solutions with a commitment to provide the latest technology products to its customers.
Sterlite Technologies – The company has unveiled 5G Cosmos - an optical solution for towers and small cells - to lend speed to the 5G rollout. 5G Cosmos is an Atmanirbhar, patented solution that can solve these challenges and connect every tower, small cell and node. The company is an industry-leading integrator of digital networks that helps telcos, cloud companies, citizen networks and large enterprises deliver enhanced experiences to their customers.
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