Opening Bell: Markets open flat owing to weak global cues
On Wednesday, Indian equity markets started the session on a weak note.
In the morning trade, Nifty and Sensex are trading flat at levels of 17,800 and 59,680, respectively, down by 0.07% each. Top large-cap gainers include Eicher Motors, Tata Steel, Nestle, Hindustan Unilever and Britannia.
Watch out for these buzzing stocks in today’s session!
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, and Hindustan Petroleum Corporation Limited (HPCL), a Maharatna company in oil & gas sector, have entered into a collaboration to establish charging infrastructure for Electric Vehicles (EVs) in the country. As a part of the initiative, the companies will set up charging infrastructure for two-wheeled electric vehicles (EVs) across the country, thereby providing a fillip to mass mobility’s transition towards an electrified future.
The two companies will first establish charging infrastructure at HPCL’s existing network of nationwide energy stations, with the likelihood of subsequently broadening the collaboration for supplementary business opportunities.
Wipro - The company along with Finastra, a global provider of financial software applications and marketplaces, today announced a partnership in India to help corporate banks accelerate digital transformation by deploying Finastra’s leading solutions.
GPT Infraprojects-The board of the company will consider and approve the issuance of Bonus equity shares on 27 September 2022. It is a construction company engaged in executing civil and infrastructure projects. It also manufactures concrete sleepers for railways.
Zydus Lifesciences - The company has launched Lenalidomide Capsules in the US to treat various types of cancers. Over the years, the company has grown to become one of the top five pharmaceutical companies in India. It also has a growing presence in the regulated markets, particularly the US and is one of the top 10 players in the US generic market.
Bharat Gears - The company has approved the issue of bonus shares in the ratio of 1:2. The company is India's largest gear manufacturer. BGL is a major global supplier of automotive gears and heat treatment furnaces. BGL manufactures a wide range of gears for HCV, MCV, LCV, utility, and off-highway vehicles.
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