Gift Nifty Trades Flat | Zee-Sony Dispute Settled | Why Tata Group Stocks are Rising | Top Buzzing Stocks Today

Wed, 28 Aug Pre-Open

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Indian benchmark indices stayed muted as the session progressed but ended the day flat.

At the closing bell on Monday, the BSE Sensex stood higher by 14.

Meanwhile, the NSE Nifty closed higher by 7 points.

HDFC Life, Bajaj Finserv and Maruti Suzuki were among the top gainers.

Titan, HUL and Tata Motors on the other hand, were among the top losers.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE MidCap index ended 0.6% higher and BSE SmallCap index ended 0.5% higher.

Sectoral indices were trading mixed with socks in metal sector and FMCG sector witnessing selling pressure. Meanwhile the stocks in realty sector and telecom sector witnessing buying speer

Gold prices for the latest contract on MCX were trading 0.2% lower at Rs 71,882 at the time of Indian market closing hours on Tuesday.

At 8:00 AM today, the Gift Nifty was trading flat at 25,002 levels.

Indian share markets are headed for a muted start today following the trend on Gift Nifty.

Speaking of the stock market, technical analysts are buzzing about this real estate stock, but is the fundamental analysis strong enough to justify a 10x return?

Co-head of Research at Equitymaster, Rahul Shah dives deep into the company's financials, growth prospects, and industry trends to find out.

Tune into below video for more

Top buzzing stocks today

Zee Entertainment share price will be in focus today.

Zee Entertainment Enterprises' share price jumped as much as 15% today (27 August) after the media firm said it had entered into an agreement to settle all disputes with Sony regarding the termination of the merger.

As part of the settlement, the companies (Zee and Sony Pictures India) have mutually agreed to withdraw all respective claims against each other, in the ongoing arbitration at the Singapore International Arbitration Centre, and all related legal proceedings initiated in the National Company Law Tribunal (NCLT) and other forums.

CDSL will also be a top buzzing stock.

Central Depository Services Ltd (CDSL) has paid Rs 13 million (m) to settle allegations of violations of the market regulator's directions.

A settlement order issued by the Securities and Exchange Board of India (Sebi) on August 27 stated that a settlement amount of Rs 13 m was recommended by the regulator's High Powered Advisory Committee (HPAC) and was approved by the Panel of Whole-time Members.

Paras Defence Fundraising Plan

Paras Defence Ltd., which is one of India's most subscribed IPO, has approved a fundraising plan at its board meeting on Tuesday, 27 August.

The company announced that it plans to raise to Rs 2 bn through a Qualified Institutional Placement (QIP), meaning by selling shares to shareholders.

Paras Defence has not shared a timeline as to when will the QIP be launched.

The company has also left options open to raise funds via other modes like a private or public offering of equity shares or any other convertible securities.

The fundraising may happen in one or more tranches.

Paras Defence had recently informed the exchanges that the company had secured an industrial license to establish an industrial undertaking in Navi Mumbai.

Paras Defence manufactures defence electronics and space application products. It offers rockets, telescopes, guns and ammunition among other special-purpose machinery.

AIPL Launches BSE Sensex Next 30 Index

AIPL (Asia Investment Private Limited), which is a wholly-owned subsidiary of BSE, launched the BSE Sensex Next 30 Index at an event in Mumbai on 27 August. This is the first index being launched following BSE's acquisition of S&P's stake in Asia Index Private Limited.

The index tracks the performance of the largest companies from the BSE 100 that are not a part of BSE SENSEX  and comprises 30 companies from 9 sectors: Financial Services, Consumer Discretionary, Energy, Commodities, Healthcare, Industries, FMCG, IT and Utilities.

The weight of the 30 stocks in the index is based on their free-float market capitalization.

The new index aims to cater to both domestic and international clients, appealing to both retail and institutional investors.

The Index will include companies that have been in operation for an average of 55 years.

The debt-equity ratio of this index stands at about 1.15, not far from the original 30. Even the rate of profitability and revenue growth for these companies was also higher by three percentage points over the Sensex basket in the last four years.

Why Tata Group Stocks are Rising

Shares of Tata Group companies are in focus and rallied by up to 20% on the BSE in Tuesday's intra-day trade amid heavy volumes.

Tata Investment Corporation, Tata Elxsi, Tata Teleservices (Maharashtra), TRF, Nelco, Rallis India, Tejas Networks, and Tata Technologies rallied between 4% to 20%.

However, Tata Motors, Titan Company, Trent, and Tata Consultancy Services are trading lower by up to 2% on the BSE.

According to media reports, Tata Sons, the $410-billion holding company of the Tata Group, has voluntarily surrendered its certificate of registration to the Reserve Bank of India (RBI) after repaying over Rs 200 bn in debt to remain an unlisted company.

This decision allows Tata Sons to maintain its status as a closely held company, sidestepping the need to list its shares on the stock exchange, which would have been required under RBI regulations had the debt remained.

TICL, a non-banking financial company (NBFC) registered with the Reserve Bank of India under the category of Investment Company, is primarily engaged in the business of investment in listed and unlisted equity shares, debt instruments and mutual funds etc. of companies in a wide range of Industries.

The company, a systemically important NBFC, has been classified by the Reserve Bank of India as a middle-layer NBFC.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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