Indian stocks to watch: GIFT Nifty slips 60 points; Gland Pharma, Tata Steel, SAIL in focus

businesstoday.in —

Indian equity markets are set for a muted opening on Wednesday, September 30, with GIFT Nifty futures down 60.70 points, or 0.27 percent, at 22,805, amid mixed global cues and easing crude oil prices. Key stocks in focus include Gland Pharma, where an individual plans to sell 15 lakh shares via block deals worth Rs 450 crore, and Tata Steel, which received a favorable ITAT order reducing its tax exposure by around Rs 427 crore. Four companies—Elevate Campuses, ArMee Infotech, Swastika Infra, and Adroit Industries—will debut on the stock market after raising Rs 2,712 crore combined. Other notable developments include SAIL trading ex-dividend, Avalon Technologies' promoters selling up to a 6 percent stake, Power Mech securing a Rs 549.37 crore order from Adani Group, and Ganesh Benzoplast selling its liquid storage and railway businesses to a KKR-backed platform for Rs 1,154 crore.


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