Stocks To Watch: Wipro, JSW Steel, GMR Infrastructure, Go Fashion, Welspun

European equity futures tumbled and the euro fell Monday as the region’s worsening energy crisis added to concerns about a global economy already facing inflation, monetary policy risks.

The dollar was firm. Crude jumped past $88 a barrel ahead of an OPEC+ meeting on supply and as traders weighed the latest energy-sector twists.

At 7:05 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 0.24% lower at 17,498.50 points.

Stocks To Watch

• Wipro: The company has partnered with Cisco to accelerate cloud transformation for customers. The partnership will enable Wipro customers to deploy Wipro FullStride Cloud Service to enable a fully automated hybrid-cloud stack, reducing the implementation time and enhancing the user experience.

• JSW Steel: Life Insurance Corporation increased its stake in the company from 5% to 7.01%.

• GMR Infrastructure: The company approved raising of funds of up to Rs 6000 crore in one or more tranches through issue of securities including a Qualified Institutions Placement and/or foreign currency convertible bonds and/or any other securities.

• Hindalco: Aluminium buyer Novelis excludes Russian metal in Supply deal.

• Hindustan Aeronautics, L&T: Wins Rs 860 crore deal from NSIL to entirely build five PSLV rockets.

• JSW Steel: LIC's holding in JSW Steel has risen to 7.01%.

• SpiceJet: Gets up to three-month extension of time to hold AGM

Pledge Shares

• Jindal Steel & Power: Promoter Group Siddeshwari Tradex revoked a pledge of 6 lakh shares on August 29.

Insider Trades

• L.G. Balakrishnan & Bros.: Promoter Nithin Karivardhan sold 10,000 shares on Sept. 1.

• Anant Raj: Promoters Amit Sarin, Aman Sarin and Ashim Sarin bought 30,000 shares each, on Aug. 30.

• Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Sept. 1.

• Geojit Financial Services: Promoter BNP Paribas SA sold 3.8 lakh shares between Aug. 29 and Aug. 30.

• GNA Axles: Promoter Group GNA Gears bought 780 shares between Aug. 16 and Aug. 30.

• Godgrej Agrovet: Promoter Godrej Industries bought 4,399 shares on Aug. 29.

Bulk Deals

• ACC Limited: Morgan Stanley Asia (Singapore) bought 9.42 lakh shares (0.5%) at Rs 2,290 apiece.

• PVR: Societe Generale bought 3.23 lakh shares (0.53%) at Rs 1,861.42 apiece.

• Mangalore Chemicals & Fertilisers: Gee Bee Securities bought 7.7 lakh shares (0.65%) at Rs 129.69 apiece.

• Shree Ram Proteins: Lavjibhai Valjibhai Savaliya sold 1.36 lakh shares (0.64%) at Rs 83.18 apiece.

• Stylam Industries: Lighthouse Emerging India Investors sold 5 lakh shares (2.95%) at Rs 1,126.67 apiece.

Who’s Meeting Whom

• ADF Foods: To meet analysts and investors on September 8.

• Greenply Industries: To meet analysts and investors on September 5

• Persistent Systems: To meet analysts and investors on September 5.

• Meghmani Finechem: To meet analysts and investors on September 3.

• Panama Petrochem: To meet analysts and investors on September 21.

• Century Textiles & Industries: To meet analysts and investors on September 5.

AGMs today:

• AIA Engineering

• APL Apollo Tubes

• Go Fashion (India)

• Indo Amines

• Paradeep Phosphates

• Stove Kraft

• Welspun India

Trading Tweaks

• Price Band Revised From 10% To 5%: Dhanvarsha Finvest

• Price Band Revised From 20% To 10%: Best Agrolife, Reliance Infrastructre

• Ex-Date Dividend: Mangalore Chemicals & Fertilizers, Transpek Industry

• Ex-Date Final Dividend: Bharat Rasayan, Garware Technical Fibres

• Record-Date Dividend: APL Apollo Tubes, Anupam Rasayan India, Engineers India

• Move Into Short-Term ASM Framework: Best Agrolife, Tejas Networks, Nelco, Dhanvarsha Finvest, Poly Medicure, Reliance Power, Savita Oil Technologies

• Move Out Of Short-Term ASM Framework: Seamec, DCW, Sangam (India)