2 hrs ago

Indian Stocks in Focus as Companies Report Updates and Appointments

Top stocks to watch and why today: Ola, HDFC Bank, Nykaa, Infosys shares in focus on Monday, 5 Oct · livemint.com

Indian markets were expected to start Monday higher, based on a signal from GIFT Nifty.

This came after the Sensex and Nifty both had a difficult week.

Investors were watching companies that had announced important updates.

Ola Electric’s promoter pledged some shares to take part in a rights issue.

HDFC Bank said its loans grew compared with a year earlier.

Nykaa expected its revenue to grow in the high twenties for the September quarter.

Other companies shared updates about business growth, projects, taxes and leadership changes.

These announcements could affect how investors view the companies’ shares.

Key facts

Expected market opening: GIFT Nifty was near 22,580, up about 50 points from the previous Nifty futures close.
Sensex weekly close: 71,909.70, down 1,670.84 points for the week.
Nifty weekly close: 22,421.95, after a weekly decline of more than 3%.
Ola Electric: Promoter Bhavish Aggarwal pledged a 4.32% stake to participate in the board-approved rights issue.
HDFC Bank: Gross advances rose 16.3% year on year to ₹32.19 lakh crore in the quarter.
Nykaa: The company expected September-quarter consolidated net revenue to grow in the high twenties year on year.
ICICI Prudential Life Insurance: Appointed Siddharth Mishra as MD and CEO for five years.

livemint.com · 3 hrs ago