Infosys, IndusInd Bank, CONCOR and others are trending

India’s equity benchmark indices closed in the red on Tuesday due to selective profit booking in the IT and banking sectors, along with weak Asian markets and continued foreign fund outflows.

The BSE Sensex fell 78.22 points or 0.12 percent to settle at 65,945.47. The broader Nifty fell 9.85 points or 0.05 percent to close at 19,664.70.

“The markets witnessed a lethargic trading session and remained stuck in negative territory for most of the trading session due to weak Asian and European signals. Traders resorted to selective profit taking ahead of next week’s RBI policy outcome, while external factors such as dollar index strength and rising government bond yields continue to dampen sentiment,” said Shrikant Chouhan, Head of Research (Retail) of Kotak Securities Ltd.

Top stocks to watch on September 27:

Infosys

The major IT services provider has announced a partnership with Microsoft to jointly develop leading solutions. These solutions will leverage Infosys’ Topaz and Microsoft’s Azure OpenAI Service and Azure Cognitive Services. Both organizations are bringing together their AI capabilities to improve business functions with AI-enabled solutions across multiple industries.

Indusind Bank

The private sector lender has entered into a multi-year global partnership with the International Cricket Council (ICC) to deliver a premium experience to customers, employees and cricket fans. Indusind Bank will have access to a range of brand and content assets.

Container Corporation from India

The government-owned company’s board of directors has appointed Sanjay Swarup as Chairman and Managing Director (CMD), with effect from October 1, 2023 to July 21, 2026. He is currently Director, International Marketing & Operations at CONCOR.

Suzlon energy

Dilip Sanghvi and Associates have terminated the 2020 shareholder pact with Suzlon in accordance with the terms of the agreement. The nominated director of the investor group on Suzlon’s board, Hiten Timbadia, has also resigned with effect from September 26.

Century textiles

The company’s subsidiary Birla Estates has sold out Phase 1 of Birla Trimaya within 36 hours of its launch. The booking value stands at Rs 500 crore for 556 units booked. Birla Trimaya is the 52-acre plot in North Bangalore and is in association with MS Ramaiah Realty LLP.