Stocks to Watch Today: Biocon, BoB, TCS

Nifty23, 635.10-144.06. Gold (MCX) (Rs/10g.)152, 605.00-213.0.

Key points

• Active Pine is projected to sell up to 1.66 crore shares, or a 1% stake, in Biocon through a block agreement worth around Rs 638.4 crore.
• Stocks in news: Biocon, Bank of Baroda, TCS, Sanofi India and Tata Capital.
• Going forward, 23, 600 is projected to act as a crucial backing for the Nifty.
• The floor cost has been fixed at Rs 385 per share, representing a discount of up to 1.9% to the current market rate.
• The shares were transferred to an escrow account on September 8, with the sale projected to be completed by the end of September.

Nifty23, 635.10-144.06. Gold (MCX) (Rs/10g.)152, 605.00-213.0. The Economic Times daily newspaper is available online now.

Stocks in news: Biocon, Bank of Baroda, TCS, Sanofi India and Tata Capital. ETMarkets.comLast Updated: Sep 09, 2026, 06: 00: 00 AM IST.

Indian equity markets hit a seven-week low on Tuesday, primarily due to escalating crude oil rates and geopolitical instability that swayed investor morale. While TCS secured a major contract, notably, Bank of Baroda confirmed aims to divest its interest in the NSE. Other firms such as Sanofi India and Piramal Finance additionally shared pivotal developments, highlighting a mixed bag of corporate activity.

Indian equity markets concluded lower on Tuesday, September 8, extending their decline to a seven-week low as elevated crude oil costs and persistent geopolitical uncertainty weighed on investor sentiment. Selling pressure remained evident through the session. While rising crude rates are probable to add to inflationary pressures, technically, the index has weakened further. While the daily Relative Strength Index (RSI) is showing positive divergence, indicating a feasible shift in momentum, the Nifty has discovered initial backing around its previous swing low.

"Going forward, 23, 600 is projected to act as a crucial backing for the Nifty. If the index holds above 23, 600, we may see a decent recovery. It could take the Nifty towards 24, 000 and higher in the short term, " remarked Rupak De, senior technical analyst at LKP Securities. Against this backdrop, shares of Bank of Baroda, Sanofi India, Piramal Finance, Tata Capital and a number of other businesses are probable to remain in focus on Wednesday after key corporate developments. Biocon.

Active Pine is projected to sell up to 1.66 crore shares, or a 1% stake, in Biocon through a block agreement worth around Rs 638.4 crore. Live Events.

Notably, the floor cost has been fixed at Rs 385 per share, representing a discount of up to 1.9% to the current market rate. The seller will be subject to a 30-day lock-up period for any further stake sale. Bank of Baroda.

Bank of Baroda intends to divest up to 76, 90, 375 NSE shares, representing 35% of its holding, through an Offer for Sale as part of NSE's proposed IPO, subject to regulatory approvals. The shares were transferred to an escrow account on September 8, with the sale projected to be completed by the end of September.

For now, stocks to Watch Today: Biocon, BoB, TCS remains the part of the story worth watching, and further updates are likely as more details are confirmed.