Opening Bell: Headline indices open in red; Rupee plummets further to hit new lows

Opening Bell.

Indian Market
by 5paisa Research Team Last Updated: 2022-09-26T10:40:44+05:30

On Monday, Indian equity markets began the new week on a negative note.

At 9:40 AM, Nifty 50 and Sensex are trading at levels of 17,070 and 57,300 respectively; down by more than 1.35% each. Top large-cap gainers include Power Grid Corp, Tata Motors, Hindalco and Tata Steel.

Watch out for these buzzing stocks in today’s session!

Anupam Rasayan - The Gujarat Pollution Control Board (GPCB) has issued directions for the closure of the company's Sachin GIDC plant and directed for payment of Rs 1 crore as interim environmental damage engaged in the manufacturing of speciality chemicals, which are sold local as well as exported to other countries.

Sterling & Wilson Renewable Energy - Sterling and Wilson Solar Solutions, Inc (SWSS), the US step-down subsidiary of the company has announced that it has signed a Memorandum of Understanding (MOU) with the Government of the Federal Republic of Nigeria, along with its consortium partner Sun Africa.

The MOU is for the development, design, construction, and commissioning of solar PV power plants aggregating 961 MWp at five different locations in Nigeria along with battery energy storage systems (BESS) with a total installed capacity of 455 MWh.

Suzlon Energy - The company has approved the issue of partly paid-up equity shares on right basis for Rs 240 crore in the ratio of 5:21 at a price of Rs 5 per share. Suzlon Energy is primarily engaged in the business of manufacturing of wind turbine generators (WTGs) and related components of various capacities.

Britannia Industries - The company has appointed Varun Berry, as Executive Vice-Chairman and Managing Director and Rajneet Singh Kohli, as Additional & Whole Time Director and CEO.

Tata Steel - The company has approved schemes of amalgamation of Tata Steel Long Products, The Tinplate Company, Tata Metaliks, TRF and others into Tata Steel. The company is Asia's first integrated private steel company set up in 1907. The company has a presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products.

Yes Bank - The company has announced the appointment of Prashant Kumar as Managing Director & CEO of the bank.

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