Opening Bell: Markets commence trading on a strong note!

On Tuesday, Indian equity markets opened with healthy gains on account of strong buying interest from investors.

At 9:27 am, Nifty 50 and Sensex are trading with gains of 1.00% each at levels of 17,470 and 58,970, respectively. Top gainers of the index include Hindalco, Bharti Airtel, Mahindra & Mahindra, L&T and SBI.

Watch out for these buzzing stocks in today’s session

Royal Orchid Hotels - The company has launched its fifth property - Regenta Central Imperial Candolim in Goa. On October 15, 2022, the property opened for business. The Regenta Central Imperial Candolim is strategically located at the Candolim road – a short distance from north Goa’s exciting tourist attractions. The company is one of India's fastest-growing hospitality brands, managing a portfolio of 3920+ guest rooms across 58 hotels & resorts across 38 cities across the country.

Dilip Buildcon - The company announced that it has been awarded a project worth Rs 702 crore from Gujarat Metro Rail Corporation. Incorporated in 2006, the company is in the business of development of infrastructure facilities on an engineering Procurement and construction basis (EPC) and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company.

NTPC - The company has signed a memorandum of understanding (MoU) with Mitsubishi Heavy Industries Ltd (Japan) and its subsidiary Mitsubishi Power India Pvt Ltd to demonstrate the feasibility of hydrogen co-firing blended with natural gas in MHI 701D gas turbines installed at NTPC Auraiya Gas Power Plant in Uttar Pradesh.

Ahluwalia Contracts (India) - The company has secured an order from the Government of Assam office for the construction of a new medical college and hospital worth Rs 110.67 crore. The order inflow was recorded at Rs 3,012 crore in FY23. The company is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India.

JSW Steel - The shares of JSW Steel were trading under pressure despite the news that it has signed a memorandum of understanding (MoU) with Smartex to explore the potential to promote innovation and turnkey approaches - from financing to technology availability & market access aimed at decarbonisation of the steel sector in India, derisking industry investment, accelerating climate action, and addressing social equity.