Sensex Down 900 Pts, Nifty Slips 1%; ITC, BOB, Asian Paints Among Many in Focus

The Indian benchmark indices are off to a poor start as Sensex tumbled nearly 900 points and is currently trading at 79,279.37, while Nifty is 23,962.45, down by 0.98%. Nifty IT, Nifty Auto and Bank Nifty indices took heavy beating as they fell nearly by 2%. Wipro, Hindalco and Infosys emerged as top losers on the Nifty.

Here’s a list of stock to watch out for

1. ITC

Recently, the company decided to demerge its hotel business from January 2025. It acquired stakes in Oberoi (EIH) and Leela (HLV) increasing their total holdings to 16.13% and 8.11% respectively.

2. Bank of Baroda

It announced to issue long-term bonds worth ₹10,000 crore. The bonds will help in financing infrastructural and affordable housing projects. Based on market conditions, the bonds will be raised in one or more than one tranches in FY25.

3. Asian Paints

The company announced the resignation of two senior management executives, which includes Shyam Swamy and Vishu Goel. With this, both ceased to be the employees of the company from the close of business hours on December 17. However, the company didn’t explain the reasons for their departure.

4. Brigade Enterprises

The Bengaluru-based real estate developer has introduced India’s first net-zero residential project called Brigade Citrine. Located on a 4.3-acre site in Budigere Cross, Whitefield in Bengaluru, the company aims to save 8,900 tankers of water annually and use renewable energy for common area lighting.

5. Borosil Renewables

The company announced a slew of strategic decisions including the temporary cooldown of its German subsidiary GMB Glasmanufaktur Brandenburg GmbH. The German subsidiary will be limiting its production activity due to poor market market conditions in the European Union (EU) and large-scale dumping of solar modules from Southeast Asia.