Opening Bell: The benchmark indices opened in red owing to weak global cues; Tata Steel gains 4% while M&M Financial lost 7%

Opening Bell.

Indian Market
by 5paisa Research Team Last Updated: 2022-09-23T10:26:24+05:30

On Friday, Sensex slipped 149.96 points or 0.25% trading at 58,969.76 while Nifty declined 40.60 points or 0.23% at 17,589.20.

HDFC, HDFC Bank, Tech Mahindra, IndusInd Bank and Tata Motors were among the major gainers on the Nifty, while gainers were Tata Steel, Cipla, Hero MotoCorp, Apollo Hospitals and JSW Steel.

Among the sectors, FMCG, Pharma and metal indices took the lead in a weak market, while the other sectoral indices traded marginally lower.

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

Century Textiles & Industries - Birla Estates Pvt Limited, a 100% wholly owned subsidiary and the real estate arm of Century Textiles and Industries Limited (CTIL), announced its acquisition of a 10-acre land parcel at Raja Rajeshwari Nagar, South Bengaluru. The project has a development potential of 1 Mn sq. ft. with a revenue potential of Rs 900 crore.

The land parcel is located in a well-developed neighbourhood that is easily accessible from the outer ring road as well as the 10-lane Bengaluru-Mysore highway. It is one of the largest land parcels available for vertical development in the vicinity, dominated by plots and individual houses and Birla Estates plans to launch a premium residential development. This is in line with other land parcels developed by Birla Estates across the company’s key markets.

Wardwizard Innovations & Mobility – The company has signed up an agreement with one of the oldest and leading Automobiles Distributor in Nepal, Mahabir Automobiles. Committed to strengthening green mobility across the world with its advanced electric vehicles, the company has commenced its operations here in partnership with Nepal’s leading distributor and dealer for major automobile brands, Mahabir Automobile.

The proposed dealership is spread over an area of more than 2000 sq. ft. The state-of-the-art dealership and workshop provide unrivalled sales, after-sales services and spare operations to the customers.

Ramco Systems – The company has successfully implemented its enterprise resource planning solution, Ramco ERP Software at OpenWorks, a leading American facilities management provider. Ramco’s business partner, Advanced Global Resources (AGR), played a pivotal role in the implementation process, thereby enabling a complete digital transformation.

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