Opening Bell: Indian markets open higher on a strong note

Opening Bell: Indian markets open higher on a strong note

by 5paisa Research Team Last Updated: Dec 16, 2022 - 01:55 pm 16.2k Views
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At 9:30 AM Nifty 50 and Sensex were trading in the green territory at levels of 17,916 and 60,054.6 with gains of ~0.45% each. 

Indian equity markets kicked off the week on a strong note. Top large-cap gainers of the session include Tech Mahindra, Adani Ports, Infosys and Tata Steel. Smallcap stocks are seen outperforming broader markets. 

Watch out for these stocks in today’s session!

ONGC- The company has signed 6 contracts for Discovered Small Fields (DSF) the offshore under DSF-III bid round, with 3 each for fields in the Arabian Sea and Bay of Bengal. These include 4 contract areas as a sole bidder and 2 contract areas in partnership with Indian Oil Corporation Limited (IOCL). The energy Maharatna also signed 2 contracts for fields under Special CBM Bid round-2021 blocks in Jharkhand and Madhya Pradesh.

Venus Pipes & Tubes - The company has become the first Indian company to receive Bureau of Indian Standards (BIS) approval for stainless steel seamless and welded pipes and tubes. These licenses will give the company a better opportunity to expand its client base and also serve its existing clients better.

Sunteck Reality- The company has informed the bourses that it has acquired a posh land parcel of 7.25acres at Beverly Park, Mira Road under the JDA model with a revenue potential of around Rs 3,000 crore.

Nazara Technologies – Shares of the gaming and sports media platform rallied more than 15% in the Friday session to record an intra-day of Rs 766.85 per share on NSE.

Colorchips New Media – The company has announced that the company along with its wholly owned subsidiary M/s. Vega Music Private Limited, which is a leading digital media player, has decided to venture into new areas. The company which has a rich bank of content in 7 Indian Languages is in the advanced stage of negotiation with a leading media content aggregator in the USA to acquire over 1000 titles of content in English languages as a first step toward catering to North American and other western markets. The company is also in negotiation with other players for acquiring different forms of entertainment and education content. 

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