From mint · Vaamanaa Sethi · · 1m 40s
Top Stocks to Watch Today
Ola, HDFC Bank, Nykaa and Infosys shares in focus as market opens higher.
In brief
Ola, HDFC Bank, Nykaa and Infosys shares in focus as market opens higher. Ola Electric Mobility pledges 4.32% stake for rights issue, HDFC Bank appoints new MD & CEO, Nykaa expects 20% revenue growth, and Infosys ADR surges 8% pre-market. Originally reported by mint.
Market Outlook
The Indian stock market is likely to open higher on Monday, 5 October, with GIFT Nifty pointing to a positive start for domestic benchmark indices.
Nifty Trading
GIFT Nifty was trading near the 22,580 mark, up around 50 points from the previous close of Nifty futures, signalling a firm opening for the Indian equity market.
Sensex Performance
Domestic equities remained under pressure through the previous week, with the Sensex declining 1.52% on Monday and recording smaller losses over the following two sessions before falling another 0.79% on Thursday.
Ola Electric Mobility
Promoter Bhavish Aggarwal has pledged a 4.32% stake in the company to participate in the rights issue approved by the board, the electric vehicle maker said on Sunday, October 4.
HDFC Bank
The bank remains in focus following the appointment of its new MD & CEO as well as its quarterly business update released late Sunday, with gross advances rising 16.3% year-on-year to ₹ 32.19 lakh crore.
Nykaa
FSN E-Commerce Ventures, which operates Nykaa, said on Sunday, October 4, that its consolidated net revenue for the September quarter is expected to grow in the high twenties on a year-on-year basis.
Infosys
Infosys' American Depositary Receipt (ADR) surged nearly 8% in pre-market trading on October 1 after Accenture posted better-than-expected fourth-quarter results and raised its revenue outlook for FY27.
The headline
Ola Electric Mobility pledges 4.32% stake for rights issue, HDFC Bank appoints new MD & CEO, Nykaa expects 20% revenue growth, and Infosys ADR surges 8% pre-market.
