Stock Market Today: GIFT Nifty on the NSE IX increased by 62.50 points, or 0.28 percent, to 22,153.50 on Tuesday, indicating that Dalal Street was off to a good start. Tuesday saw a rise in Tokyo stocks as they shrugged off losses on Wall Street. Early trading saw gains of 0.16 percent, or 62.32 points, for the benchmark Nikkei 225 index at 39,296.03, and 0.17 percent, or 4.61 points, for the larger Topix index, at 2,678.23. Tuesday’s trading saw the dollar weaken as investors anticipated a week of significant economic data from the United States that will offer new insights into the timing of potential interest rate reductions by the Federal Reserve.
Stock Market Today: Stocks in focus
Titan
Originally launching as a saree brand in 2017, the company’s ethnic clothing chain Taneira is expanding its product line to include affordable kurtas and casual lehengas. According to Taneira CEO Ambuj Narayan, the strategy is to expand into smaller areas and draw in more customers. According to him, the shop is experimenting with a number of new collections in-store, including cotton occasion clothing and more kurtas at prices lower than what it now sells.
Wipro
In order to support businesses in their digital transformation, the IT services provider and Nokia Corporation have jointly established a private 5G wireless solution. According to a press release from Wipro on Monday, the product would initially only be accessible to businesses in the manufacturing, energy, utilities, transportation, and sports entertainment sectors. According to Wipro, the new technology would help businesses increase their operational efficiencies because of its speed, security, and AI-driven automation.
Paytm
The non-executive chairman of Paytm Payments Bank, Vijay Shekhar Sharma, the founder of the company, has resigned as the lender restructures its board in response to regulatory constraints. According to a regulatory statement made on Monday by parent firm One97 Communications Ltd, Sharma resigned to assist the payments bank throughout the changeover. The payments bank has also added retired civil servants Debendranath Sarangi and Rajni Sekhri Sibal, former executive director of Bank of Baroda Ashok Kumar Garg, and former chairman of the Central Bank of India Srinivasan Sridhar to its board of independent directors.
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