Stocks to Watch Today: There was a huge decline in the Indian stock market on Friday, the end of the week’s trading session. Both the major benchmark indices closed trading in the red. Sensex fell by 367.25 points to 85,041.45 points, while NSE Nifty 50 slipped by 99.80 points and ended the trading day at the level of 26,042.30.

Today is Monday the beginning of a new week. In such a situation, when the market opens, investors may keep their eyes on the shares of some selected companies. Let us know about some such shares…..

1. Coal India

B from Coal India Limited. Sairam has been announced as the CEO of the company. The Board of Directors took this decision on Friday and its official information has been given to the stock exchanges. B. Sairam is currently holding the post of Chairman and Managing Director of the company.

2. NBCC

NBCC has got a big relief after resolving its long standing dispute with the Delhi government. Under this, the company will get a share of 21.23 acres of land in South Delhi. On which the company is planning to develop a mixed-use real estate project.

NBCC is likely to get revenue of around Rs 8,500 crore from this project. After this news, the company’s shares may remain in focus on Monday.

3. Coforge

IT services provider Coforge has announced a major acquisition on December 26. The company will acquire American engineering services company Encora. Under this deal, Coforge will issue 93.8 million new shares. Whose price has been fixed at Rs 1,815.91 per share. The total value of this deal will be around Rs 17,032 crore.

4. Vikran Engineering

Vikran Engineering Limited has informed on Friday, December 26 that it has received an order from Madhya Pradesh Energy Development Corporation Limited. The order has been given for the construction of solar energy project. After this news, the company’s shares may remain in focus today.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Share Market Today: The decline that has been going on for two days in the Indian stock market continued on Wednesday also. On December 10, the market closed with a decline for the third consecutive day. However, both the major benchmark indices were trading in the green in early trade.

But by noon the market lost its lead and started trading in the red. At the close of the market, the 30-share BSE Sensex fell by 275.01 points or 0.32 percent at 84,391.27, while the NSE Nifty 50 slipped by 81.65 points or 0.32 percent and closed at 25,758.00.

Reason for market decline

Investors are adopting a cautious approach regarding the results of the US Federal Reserve meeting. The results of the Fed meeting may come by late evening today. Also, due to continuous selling by foreign investors and weak trend of global markets, the stock market turned red.

Investors lost Rs 1.09 lakh crore

Investors are suffering huge losses due to this ongoing decline in the market. On Wednesday, the market cap of BSE listed companies fell by about Rs 1.09 lakh crore as compared to the previous trading day. Which simply means that investors had to suffer a loss of Rs 1.09 lakh crore.

Also BSE Midcap Index fell by 1 percent. Whereas, if we talk about smallcap index, a decline of 0.58 percent has been recorded in it. IT, Telecom, Financials and Industrials stocks have been in the worst condition.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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