Stocks To Watch: Infosys, HCL Tech, Tata Motors, SBI, PB Fintech, Hindustan Unilever

Asian equities follow Wall Street higher on Thursday as expectation for a further softening of US inflation buoy appetite for risk taking in global markets.

The S&P 500 climbed for a second straight session and Nasdaq 100 gained in the run-up to inflation data that may slower the pace of Federal Reserve's interest rate hikes.

At 6:17 a.m., the Singapore-traded SGX Nifty, an early indicator of India's benchmark Nifty 50, was up 0.38% to 18,018.5.

Elsewhere, oil rose as China's crude consumption continues to increase. Gold rose and Bitcoin oscillated near $18,000.

Back home, Indian benchmark indices traded largely flat through Wednesday and ended marginally lower in trade.

The local currency closed 21 paise higher compared to Tuesday.

Overseas investors in Indian equities were net sellers for the 14th day in a row on Wednesday. Foreign portfolio investors offloaded stocks worth Rs 3,208.15 crore, while the domestic institutional investors mopped up stocks worth Rs 2,430.62 crore.

• Tata Motors: Electric Vehicle contribution in the company’s portfolio is likely to increase to 25% in five years and reach 50% by 2030, said Group Chairman Chandrasekaran at the Auto expo, PTI reported.

• 360 One WAM (Formerly IIFL Wealth Management): The company will consider stock split and issue of bonus shares, along with declaration of fourth interim dividend on Jan. 19.

• State Bank of India: Ministry of Finance has extended Challa Sreenivasulu Setty's term as Managing Director of State Bank of India by two years with effect from Jan. 20.

• PB Fintech: The company's wholly owned subsidiary, PB Financial Account Aggregators, has received certificate of registration as NBFC-Account Aggregator from the Reserve Bank of India.

• Hindustan Unilever: The company has completed acquisition of 51% stake in Zywie Ventures for Rs 264.28 crore.

• DB Realty: The company’s wholly owned subsidiary Goregaon Hotel and Realty has executed a settlement agreement with Reliance Commercial Finance for loans given by the lender in the past. DB Realty and Goregaon Hotel will now pay Rs 185.6 crore and Rs 214.4 crore respectively to the lender latest by March 31, 2025 as full and final settlement.

• Stove Kraft: Company’s Chief Executive Officer Rajiv Nitin Mehta has “conveyed his intent” to resign. Formal resignation will be placed before the board at the upcoming meeting.

• RailTel: The company has received aggregate work orders worth Rs 292.74 crore.

 Infosys, HCL Tech, Cyient, Anand Rathi Wealth

Sah Polymers: The IPO was subscribed 17.46 times. The initial stake sale consists of a fresh issue of 1.02 crore shares at Rs 61–65 per share, aggregating to Rs 66.3 crore, by the promoter group and selling shareholders.

ICICI Bank: Societe Generale bought 20 lakh shares (0.028%), at Rs 867 apiece. BNP Paribas Arbitrage sold 20 lakh shares (0.028%), at Rs 867 apiece.

Bilcare: Rekha Jhunjhunwala sold 6.75 lakh shares (2.87%) at Rs 50.43 apiece.

Cigniti Technologies: Mithun Chand Chennamaneni sold 1,79,809 lakh shares (0.66%) at Rs 572.68 apiece.

Sterling and Wilson Renewable Energy: Promoter Shapoorji Pallonji and Company created a pledge of 23,66,405 lakh shares on Jan 9.

• Price Band Revised From 10% To 5%: BF Investment

• Ex-Date 'Income Distribution ': India Infrastructure Trust

• Ex-Date 'Interest Payment': Government Of India

• Move Out Of Short-Term ASM Framework: Universal Cables, GIC Housing Finance,BF Investment and SML Isuzu.

• Shalby: To meet investors and analysts on Jan. 19

• Sapphire Foods India: To meet investors and analysts on Jan. 12

• PSP Projects: To meet investors and analysts on Jan. 12

• HDFC Bank: To meet investors and analysts on Jan. 14

• Speciality Restaurants: To meet investors and analysts on Jan. 12

• Nifty January futures ended at 17,960.00, a discount of 26.25 points.

• Nifty January futures fell 1.27% and 2,951 shares in Open Interest.

• Nifty Bank January futures ended at 42,375, a premium of 158.30 points.

• Nifty Bank January futures fell 7.24% and 6,445 shares in Open Interest.

• Securities added to the ban period: Gujarat Narmada Valley Fertilizers & Chemicals and Indiabulls Housing Finance

• Securities removed from the ban period: Nil

• 2023 Outlook - Year Of Reset, Recession, Recovery: Nirmal Bang's Analysis

• Gokaldas Exports - Weaving Each Piece Together: ICICI Securites Initiates Coverage

• Bank Of Baroda - Scaling New Heights: Prabhudas Lilladher

• Transformers & Rectifiers India - Firing On All Cylinders: ICICI Direct

• Kalyan Jewellers Outperforms Titan In Q3, Likely Beginning Of Trajectory Change: ICICI Securities

• Metals, Mining Q3 Results Preview - Earnings Expected To Bottom Out: ICICI Securities

• FMCG, Retail Q3 Results Preview - Demand Slowdown Will Weigh On Topline: Axis Securities

• Oil & Gas Sector Q3 Results Preview - Subdued Quarter To Set The Tone For FY23E: Nirmal Bang

• Chemical Sector Q3 Results Preview - Some Cooling Off Imminent; Growth To Be Case Specific: ICICI Direct

• Pharma Q3 Results Preview - Positive Attributes To Aid In Revenue Growth, Gross Margins: Axis Securities