September 20, 2021 01:03 PM
Indian benchmark indices are likely to open lower today as SGX Nifty fell 149 points to 17,452 amid mixed global cues. On September 17, Wipro, Zomato, Vodafone Idea, Cadila Healthcare, Lupin and more, the benchmark indices ended lower after scaling record highs as investors booked profits at higher levels.
After moving in a range of 866 points during the day, Sensex closed 125.27 points lower at 59,015 and Nifty slipped 44.35 points to 17,585. While Sensex touched lifetime high of 59,737, Nifty reached new peak of 17,792 during the day.
Here are the stocks that are likely to be in focus today
Wipro Limited: The company announced the launch of the Wipro-Google Cloud Innovation Arena in Bangalore, India. This cloud collaboration space will provide in-house technical expertise, ensure seamless cloud adoption, and accelerate innovation to drive business transformation for customers.
Vodafone Idea: Telecom operator Vodafone Idea (Vi) on Sunday said it achieved peak speed of over 3.7 Gbps during its ongoing 5G trials in Pune. The company also claimed to have achieved peak download speed of up to 1.5 Gbps in 3.5 Ghz band 5G trial network in Gandhinagar and Pune.
The company is conducting 5G trials on government allocated 5G spectrum in Pune (Maharashtra) and Gandhinagar (Gujarat), along with its technology vendors. The Department of Telecommunications had allocated Vi mmWave high bands like 26 GHz, along with the traditional 3.5 GHz spectrum band, for 5G network trials.
Welspun India: The company said that it is looking to invest around Rs 800 crore on capacity expansion of its home textiles and flooring businesses over the next two years.
Welspun India, the country’s largest home textiles manufacturer, Wipro, Zomato, Vodafone Idea, Cadila Healthcare, Lupin and more, would invest Rs 656.5 crore on its home textiles business expansion during FY’22-23.