Gift Nifty Trades Flat | Infosys Partners Microsoft | Cipla Launches Drone Delivery | Top Buzzing Stocks Today

Wed, 27 Sep Pre-Open

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On Monday, Indian share remained volatile as session progressed and ended the day marginally lower.

Benchmark indices were muted on Tuesday as some domestic buying helped limit losses from relentless selling by foreign funds over fears that global interest rates will stay higher for longer.

At the closing bell on Monday, the BSE Sensex stood 65 points lower.

Meanwhile, the NSE Nifty closed 6 points lower.

Nestle and ONGC were among the top gainers.

Cipla and Tech Mahindra on the other hand, were among the top losers.

The BSE Mid Cap index traded flat and the BSE Small Cap index ended 0.3% higher.

Sectoral indices ended mixed, with stocks in the telecom sector and FMCG sector witnessing buying. Meanwhile stocks in the IT sector and banking sector witnessed selling.

Shares of Trent and TVS Motors hit their 52-week high on Monday.

The rupee was trading at 83.22 against the US$.

Gold prices for the latest contract on MCX were trading marginally lower at Rs 58,873 per 10 grams at the time of Indian market closing hours on Tuesday.

At 7:45 AM today, the Gift Nifty was trading Flat at 19,731 levels.

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

Speaking of stock markets, when it rains, it pours.

If you don't believe in this phrase, just ask the Delta Corp management. They will tell you from their first-hand experience that the phrase is pretty much valid and can make life very, very difficult.

Talking of a difficult life, the share price performance of Delta Corp Ltd has certainly made the life very difficult for its investors and management alike.

What now though? Is the risk-reward equation in favour of investors or is there very high unpredictability?

In the below video, Cohead of research, Rahul Shah answers all this in the video below.

Top buzzing stocks today

EaseMyTrip share price will be in focus today.

DuDigital Global has joined forces with EaseMyTrip, a renowned online travel agency. Together, they are poised to revolutionize visa and passport services.

This historic partnership brings DuDigital's unmatched expertise in administrative services, visa, passport, and identity management to the forefront. DuDigital's impressive portfolio includes successful collaborations with governments in various nations, where it has redefined citizen services for diverse populations.

Delta Corporation will also be a top buzzing stock.

Celebrated investor Ashish Kacholia dumped his holdings in casino company Delta Corp on 25 September despite a 20% erosion in the stock price.

The stock was beaten out of shape after the company announced that it had received a tax notice demanding more than 160 bn, nearly four times the company's market cap.

Infosys Partners Microsoft

Infosys said on Tuesday it is collaborating with Microsoft to jointly develop industry solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services.

Both organisations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries.

The integrated solutions are aimed at accelerating the rapid democratisation of data and intelligence that will help businesses increase productivity and drive new revenue growth.

Generative AI (GenAI) has opened new avenues of AI applications, and Infosys said it is providing solutions in multiple application areas, such as semantic search, document summarisation, contact centre transformation, AI-augmented software development lifecycle, and marketing content creation.

Through the collaboration, Infosys Topaz is using Microsoft Azure OpenAI Service and Azure Cognitive Services to augment its capabilities to help enterprise customers transition from digital to AI solutions.

Earlier this month, Infosys partnered with US-based Nvidia to help businesses enhance productivity through the utilisation of GenAI apps and solutions.

Infosys is among the beaten-down IT stocks that could potentially stage a comeback. For more, check out the Top 5 IT Stocks that are still Undervalued. Worth a Look?

For more, check out Infosys and TCS Can Hedge Risk to Fancy AI Stocks.

Cipla Launches Drone Delivery

Respiratory therapy leader Cipla on Tuesday announced the launch of drone-powered deliveries for its critical medicines - cardiac, respiratory, and other essential chronic therapies - for hospitals and pharmacies in the hilly state of Himachal Pradesh.

Cipla is the first among the large Indian pharmaceutical companies to adopt drone-based deliveries to facilitate expedited supply to stockists in remote areas.

For this, the company has tied up with Skye Air Mobility.

Cipla said that the use of drones will support on-time delivery of the company's medicines to chemists and clinics in remote areas, as well as minimise risks of affecting cold chain products due to temperature excursions.

The company has already completed several drone deliveries in Himachal Pradesh, covering approximately 50 km distance in less than 25 minutes.

This has been vital amidst adverse and prevailing weather conditions that have impacted conventional transportation routes in the state.

Cipla aims to scale the service in the future through distribution to hospitals and expand market coverage to inaccessible and hilly terrains such as Uttarakhand and Northeast India.

The Indian Council of Medical Research (ICMR) released guidelines for drone delivery of pharmaceutical products last year.

ICMR conducted a pilot to deliver COVID-19 vaccines in the northeastern states of Manipur and Nagaland through drones in October 2021.

Tech startups like TechEagle have partnered with state governments like Himachal Pradesh to deliver medicines and vaccines in hard-to-access areas, especially during winter.

Pharmaceutical giant Cipla is reportedly exploring a stake sale, and contenders are cropping up in an intense competition. For more, check out Cipla Promoter Stake Sale: Billions of Dollars in Play.

It is among the Top 5 Nifty 50 Stocks that Beat Earnings Estimates by a Wide Margin in Q1.

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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