Shares in focus: IndusInd Bank, Hero MotoCorp, Wipro, CSB Bank, Indiabulls Housing, Majesco, Zuckeraktien

Wipro, hero Motocorp, focus on stocksAnalysts say the market should trade in the 13750 and 13550 areas on Thursday

Nifty Futures traded on the Singapore stock exchange with a minus of 24.50 points at 13,661.50, which indicates a gap start for BSE Sensex and Nifty 50 on Thursday. Market participants will respond to the Fed’s announcements and monitor stock-specific developments. “On Thursday the market should trade within the 13750 and 13550 levels. A closing price below the 13550 levels would be negative for the market. It is also advisable to take profit on long trade positions between 13740 and 13760, ”said Shrikant Chouhan, executive vice president, equity technical research, Kotak Securities.

Shares in focus today:

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IndusInd Bank: IndusInd Bank said Sebi gave its promoters a one-month extension to invest over Rs.2,695 billion worth of residual capital in equity instead of converting warrants issued to them last year.

Hero MotoCorp: Hero MotoCorp released its price increase statement. “To partially offset the effects of raw material costs, we will increase the prices of our products by up to Rs 1500 with effect from January 1, 2021. The increase will vary depending on the model and the exact amount will be communicated to our dealers
Of course, “it said.

Wipro: Wipro announced that it has signed a definitive agreement to acquire Encore Theme Technologies Private Limited, a specialist in providing SaaS and cloud solutions for financial services.

Sugar supplies: The government on Wednesday approved a subsidy of Rs 3,500 crore to sugar mills for the export of 60 lakh tons of sweetener during the current 2020-21 marketing year as part of their efforts to help them pay off outstanding sugar cane farmer fees.

CSB Bank, Indiabulls Housing Finance, Snowman: Nomura Singapore bought shares in CSB Bank on Wednesday and Kotak Securities bought shares in Indiabulls Housing Finance. Adani Logistics continued to sell shares in Snowman Logistics. Third Alpha LLP bought shares in Majesco, the IT company that announced a dividend of Rs 974 per share.

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