Top stocks to watch— TCS, Future Consumer, ONGC, Zydus Wellness, HDFC, IL&FS, Angel Broking, Sun Pharma and others

• At 7:45 am, the SGX Nifty was down 1.14%, indicating a negative start for Nifty50.
• Here’s a list of stocks to watch for in trade today.
• Check out the latest news and updates on Business Insider.

The Indian stock market is likely to open in red on Thursday, amid the weak sentiments from the global market. At 7:45 am, the SGX Nifty was down 1.14% pointing towards a negative start for Nifty50.

In global markets, the US stocks resumed their heavy sell-off amidst weak macroeconomic indicators and overshadowed recovery outlook on Wednesday. The Dow Jones Industrial Average ended up 525.05 points lower, and the S&P 500 was down 2.37%.

These are the stocks to watch out for during the trading session on September 24:

Zydus Wellness

Zydus Wellness board has approved and authorised the opening of the Qualified Institutional Placement issue at ₹1,775.85 per share on September 23.

The shares of Zydus Wellness ended 4% lower yesterday.

HDFC Limited

Housing Development Finance Corporation Ltd (HDFC) is looking to raise up to ₹5,000 crore by issuing bonds on a private placement basis. The issue size for the secured redeemable Non-Convertible Debentures (NCDs) will be ₹2,500 crore with an option to retain oversubscription of up to ₹2,500 crore, it said in a regulatory filing to stock exchanges.

The shares of HDFC Limited ended 0.4% lower yesterday.

Infrastructure Leasing & Financial Services (IL&FS)

The government of India has extended the term of Uday Kotak as non-executive chairman of debt-ridden IL&FS group by one year. Kotak is also the managing director and chief executive officer of Kotak Mahindra Bank.

The shares of IL&FS Transportation Networks ended 4% lower yesterday.

Tata Consultancy Services

IT major Tata Consultancy Services (TCS) along with the US-based Yale University announced the launch of a new framework that could help ensure privacy and trust in peer-to-peer digital networks. The company said this would be a critical element in enhancing blockchain solutions for greater adoption by consumers.

The shares of TCS ended 3% lower yesterday.

Future Consumer

Future Consumer promoter, Future Capital, invoked 36.6 lakh pledged equity shares.

The shares of Future Consumer ended 4% lower yesterday.

Sun Pharma

Sun Pharma voluntarily recalled one lot of RIOMET ER (metformin hydrochloride for extended-release oral suspension), to the consumer level. The reason for the recall by Sun Pharma came after testing showed high levels of N-nitrosodimethylamine (NDMA), which is above the USFDA norms.

The shares of Sun Pharma ended 1.3% lower yesterday.

ONGC

A fire broke out on Thursday morning at ONGC’s Surat plant. According to reports, three consecutive blasts took place at two terminals of the Hazira-based ONGC plant in Surat at around 3:30 am.

The shares of ONGC ended 2.3% lower yesterday.

Angel Broking IPO

The ₹600 crore IPO of Angel Broking closes today. The issue was subscribed 1.45 times, a retail portion at 2.8 times on day 2, yesterday.

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