The main domestic measures may continue to drop for the second day in a row. At 7:32 a.m., the SGX Nifty fell more than 50 points to 18,817 levels.
Overnight, the US markets fell around the world. The Dow Jones, NASDAQ Composite, and S&P 500 all went down by up to 0.6%.
Asia-Pacific, on the other hand, was mostly mixed in early trade on Tuesday.
China’s Shanghai Composite index and Hong Kong’s Hang Seng index fell up to 0.5% after China’s central bank cut key loan rates. Australia’s S&P 200 and Japan’s Nikkei 225, on the other hand, rose up to 0.3%.
Here are the top stocks to keep an eye on on Tuesday:
Adani Transmission: The company’s owners gave the company permission to raise up to Rs 8,500 crore by selling shares to approved institutions. The company would look at both organic and artificial ways to grow.
Interglobe Aviation: The airline operator bought 500 Airbus A320 family planes on the first day of the Paris Airshow. This was Airbus’s biggest sale of a single plane to an airline.
The employee offer-for-sale (OFS) for Coal India will start on June 21 and end on June 23. At a price of Rs 226.10 per share, the government wants to sell up to 92.44 lakh shares, or 0.15 percent, of Coal India to its workers.
HDFC AMC: On Tuesday, June 20, block deals will be used to get rid of all of Abrdn Investment Management’s 10.2% share in the company. The lowest price the company was willing to give was Rs 1,800, which was 5% less than Monday’s ending price of Rs 1,892.
ITC: The group of companies signed binding contracts to buy more shares of Mother Sparsh. Once the company buys the shares, it will own 26.5 percent of Mother Sparsh, up from 22 percent now.
Sun Drug: The drug giant’s wholly-owned company Sun Pharma Canada stated that Health Canada had approved ‘Winlevi’ cream, which is used to treat acne in people 12 years of age or older and would help reduce oil production and redness.
ITI: The state-owned telecom company signed a deal with the Centre for Development of Telematics (C-DOT) and Telecommunications Consultants India Limited (TCIL) to make new goods and services for smart towns.
Tata Power: According to sources, the company wants to double its capital spending to Rs 12,000 crore in the current fiscal year, with a focus on renewables, distribution, transmission, and manufacturing capacity for solar equipment.
HPCL: The company made a deal with Automin Car Services, a unit of Saudi Arabia’s Petromin Corporation, to open HP-Petromin Express car service shops in India.
Zydus Lifesciences: The US health agency gave the drug company’s generic antibiotic Minocycline Hydrochloride extended-release pills the green light. These tablets are used to treat mild to severe acne.
ISGEC Heavy Engineering: Saraswati Sugar Mills, a wholly-owned part of the company, has increased the ethanol plant’s production capacity from 100 kiloliters per day to 160 kiloliters per day.
Royal Orchid Hotels: The company stated that Philip Logan will be its new Chief Operating Officer (COO). He will answer directly to Chairman and MD Chander K. Baljee.
