The Indian market is likely to open on a tepid note Wednesday following a muted trend in Asian peers amid concerns over rising pandemic cases in various countries. At 8:05 am, the SGX Nifty was trading 3.00 points or 0.02 percent higher at 12,894.50, indicating a flat start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Lakshmi Vilas Bank: The government placed the bank under moratorium until December 16 and imposed Rs 25,000 withdrawal limit. The RBI has also announced a draft scheme of amalgamation for Lakshmi Vilas Bank with DBS Bank.
2. Wipro: The IT services major said its shareholders have approved its up to Rs 9,500 crore share buyback plan. Wipro’s board of directors had last month approved a buyback proposal for the purchase of up to 23.75 crore equity shares at Rs 400 per share, aggregating to an amount of up to Rs 9,500 crore.
3. Tata Steel: HDFC AMC reduced its shareholding in the company to 2.96 percent from 5.02 percent earlier.
4. DLF: The company has been recognized as an index component of the Dow Jones Sustainability Indices (DJSI) in the Emerging markets category.
5. BSE: SEBI has directed BSE to conduct an annual review to ascertain the adequacy of the investor protection fund (IPF) corpus and disclose the corpus as well as the policy on the processing of investors’ claims on its website.
6. IIFL Securities: The company will consider a share buyback proposal on November 20.
7. IRCTC: The company has canceled running two Tejas Express trains due to low occupancy levels owing to COVID-19.
8. PTC India: Aditya Birla Sun Life Mutual Fund reduced its stake to 3.42 percent from 5.46 percent on November 12.
9. Nippon Life India AMC: The company has made a submission to exchanges with respect to the re-classification of Reliance Capital from the ‘Promoter and Promoter Group’ category to the ‘Public’ category, after receiving approval from shareholders and SEBI.
10. Nel Holdings South: The company has exited from another prime project – Caesar’s Palace – by entering into a settlement agreement with landowners and Caesar’s Palace Buyers Welfare Association.