Share Market News: NTPC, Tata Steel, Tata Power, other stocks to follow on October 1; see the full list here

Salma September 30, 2024

0 0 4 minutes read

Share Market News: NTPC, Tata Steel, Tata Power, other stocks to follow on October 1; see the full list here

Share Market News, Stocks to Watch: Home equity benchmarks Sensex and Nifty50 lost the most on Monday amid a multi-sector sell-off, with financials, IT, energy, and auto stocks being the worst hit as investors weighed mixed signals from major markets around the world. The Sensex shed 1,272.1 points, or 1.5 percent, to end at 84,299.8 while the Nify50 fell 368.1 points, or 1.4 percent, to settle at 25,810.9.

At current levels, both main gauges are down about 2.0 percent from their highs registered last Friday.

As the focus shifts to the new calendar month, here are a few stocks that will be in focus during the upcoming session on Dalal Street:

Stock in News | Tata Steel

Tata Steel has ceased operations at Blast Furnace 4 and other associated iron and steel assets at Port Talbot, the UK’s largest steel plant, ending steelmaking at the site. Most of the existing ‘heavy’ equipment—such as blast furnaces and coke ovens—at Tata Steel’s UK Port Talbot operations, had reached the end of their useful lives.

Sustaining the current configuration, or investing more in the conventional heavy end, was not economically or environmentally viable, according to the Tata group steelmaker.

Stock in News | NTPC

NTPC Green Energy Ltd (NGEL), a wholly owned IPO subsidiary of NTPC Ltd, has signed a memorandum of understanding (MoU) with the Rajasthan government to develop 25 GW of RE Projects.