Opening Bell: Headline indices trade in red amidst weak global cues

Opening Bell: Headline indices trade in red amidst weak global cues

Indian Market
by 5paisa Research Team Last Updated: 2022-10-11T10:20:57+05:30

On Tuesday, Indian equity markets opened marginally lower in the red territory on account of weak global cues.

At 9:20 am, Nifty 50 and Sensex are trading with losses of 0.17% each at levels of 17,210 and 57,890, respectively. Top large-cap gainers include Wipro, Adani Ports, Hindalco, Adani Enterprises and Infosys.

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

Panacea Biotech – The company has received long-term supply awards worth USD 127.30 million (around Rs 1,040 crore) from UNICEF and the Pan American Health Organization (PAHO) for the supply of its WHO pre-qualified fully liquid Pentavalent vaccine. UNICEF award is worth USD 98.755 million (Rs 813 crore) for the supply of 99.70 million doses during calendar years 2023-2027 and PAHO award is worth USD 28.55 million (Rs 235 crore) for the supply of 24.83 million doses during calendar years 2023-2025.

Easy Trip Planners – The company’s Board of Directors at their latest meeting have approved the sub-division of shares in the ratio of 1:2 and approved bonus issue in the ratio of 3:1. The company offers a comprehensive range of travel-related products and services under the flagship brand ''Ease My Trip''.

Aurionpro Solutions - The company has secured a prestigious order in the data centre segment, selected as DC Design Consultant for the Tier IV data centre project. The company is proud to be associated with Engineers India Limited (EIL) and Venkataramanan Associates (VA Group), a prominent architectural firm in India, who will lead the overall project. Aurionpro with its experienced resources and expertise will offer consultancy for the complex process of operationalising the tier-4 DC.

Mold-Teck Packaging - The company has received a letter of acceptance (LoA) from Grasim Industries for the supply of packing material. The company is engaged in the manufacturing of injection-moulded containers for lubes, paints, food and other products.

Ramakrishna Forging - The company has won a Rs 1315 million (i.e. USD 15.9 million) order for its application in North America HCVs from a Tier 1 rear & front axle manufacturer customer in the auto segment. The order will be executed over four years. This is in line with the company’s strategy of increasing its revenue share and strengthening exports. The company is primarily engaged in the manufacturing and sale of forged components of automobiles, railway wagons & coaches and engineering parts.

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