The Sensex and Nifty are expected to open lower on Wednesday tracking Asian markets, which opened on shaky ground while the Chinese yuan stood near 11-month lows as the specter of a Sino-US trade war haunted investors ahead of an end-of-week deadline for US tariffs on billions of dollars worth of Chinese imports.

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At 7:50 am, SGX Nifty was trading at 10,723, down 9.50 per cent or 0.09 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent in early trade, a day after it hit a nine-month low. Japan’s Nikkei lost 0.5 percent. Wall Street dropped on Tuesday, giving up early gains in a truncated session ahead of the Independence Day holiday on Wednesday.

Here are key stocks that will hog limelight in Wednesday's session:

Fortis Healthcare: Malaysia's IHH Healthcare and Manipal-TPG combine have put in fresh binding bids for cash-strapped healthcare chain while Munjal-Burman combine, which had earlier emerged as the preferred suitor for Fortis Healthcare, has backed out from the race.

Kotak Mahindra Bank: Kotak Mahindra Bank sold 1.70 lakh shares or 0.6 per cent stake of its stake at Rs 324 per share.

Bharti Airtel: Bharti Airtel is planning to set up a content company to drive and expand its data business.

Mahindra & Mahindra Financial Services: International Finance Corporation, a World Bank Group member, has invested ₹640 crore in Mahindra & Mahindra Financial Services through NCDs. The company will use the funds to augment its growth by extending loans to individuals, including farmers, to buy tractors, vehicles and other equipment, along with financing small and medium enterprises, it said.

Kwality: The company postponed proposal to consider bonus issue and byback. 

Dena Bank: Dena Bank will sell a cumulative 60,50,000 shares in three entities, including SIDBI, as part of the public sector banks’ strategy to hive off non-core assets. The bank said it would be floating a request for quotation for purchase of equity shares in NSDL E-Governance Infrastructure Ltd., National Securities Depository Ltd. (NSDL) and Small Industries Development Bank of India (SIDBI). 

NLC India: The government sold 0.10 per cent stake in NLC India from 84.04 per cent earlier to 83.94 per cent now.

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MRPL: Mangalore Refinery and Petrochemicals has bought its first cargo of Iraqi Basra Heavy crude from Royal Dutch Shell via a tender, two sources with knowledge of the matter told to Reuters.

GVK Group: GVK Group is in exploratory talks with Indian-born Canadian billionaire Prem Watsa’s Fairfax Holdings to sell its nearly 50 per cent stake in luxury hotel chain business TAJGVK Hotels and Resorts, a joint venture with Tata Group’s Indian Hotels Company, reported ET.