First Trade: Nifty opens at 25,500; pharma top gainer

First Trade: Nifty opens at 25,500; pharma top gainer

Indian equities ahead of the major events kickstarted Wednesday’s session on a muted note. At the open, after opening at Nifty50, the index traded lower by nearly 25 points, while the Sensex was down 102 points at 83,610.99 points.

Stocks to watch:

Crizac: Crizac shares will list on the bourses today. The issue received 62.8 times oversubscription.

Titagarh Rail: The company’s board is scheduled to meet today for discussing fundraising through preferential issues, QIPs and rights issues. 

Mphasis: Shares of the IT major will trade ex-date today in respect of its dividend amounting to Rs 57 per share.
 
Pfizer: MNC pharma share will also trade ex-dividend for its total dividend of Rs 165 per share i,e, inclusive of Rs 130 per share special dividend.
 

Asian markets

Most Asian stocks moved in a flat-to-low range in today’s trade as investors preferred to remain on the edge amid uncertainty around the scope of US President Donald Trump’s tariffs. The markets took a weak lead-in from the overnight session on the Wall Street after Trump warned of additional tariffs.

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