Reliance Industries, Bharti Airtel among seven stocks that will hog limelight today
Sensex and Nifty are expected to snap the strong run of the last two sessions on Friday as global cues this morning remained negative. Asian markets stepped back from a 2-1/2 month high as risk appetite soured on bets that Europe’s massive monetary stimulus was nearing an end
The Sensex and Nifty are expected to snap the strong run of the last two sessions on Friday as global cues this morning remained negative. Asian markets stepped back from a 2-1/2 month high as risk appetite soured on bets that Europe’s massive monetary stimulus was nearing an end, compounded by uncertainty over trade relations ahead of a key meeting of global leaders.
At 7:45 am, SGX Nifty was trading at 10,707, down 65 points or 0.60 per cent.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent after six straight sessions of gains took it to the highest since mid-March.
Chinese shares slipped, with the blue-chip Shangai-Shenzhen index down 0.6 per cent. Hong Kong's Hang Seng declined 0.7 percent while South Korea's KOSPI was off 0.4 per cent. Japan's Nikkei and Australian shares were barely changed.
Here are key stocks that will buzz in today's trade:
Reliance Industries: RIL will invest Rs 40,000 crore in partnership with British Petroleum in next 3-4 years at KG-D6 block.
ICICI Bank: According to reports, ICICI Bank is planning to file a consent petition with markets regulator Sebi to end the ongoing investigation against its CEO and MD Chanda Kochhar in Videocon loan case.
Bharti Airtel: Bharti Airtel is planning to build 7000 new tower by FY19 in Mumbai. In another news, Bharti Airtel's Airtel TV app has added 5 crore customers so far.
Omax Autos: Auto component maker Omax Autos said its board has approved to double manufacturing capacity of products and equipment supplied to railways over the next 2-3 years.
PTC India: Shri Sutirtha Bhattacharya, a former IAS officer, has been appointed as Independent Director on the Board of PTC India Ltd w.e.f 07-06-2018.
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HDFC Bank: HDFC Bank has raised lending rates by 10 basis points across all tenures a day after the Reserve Bank of India raised policy rates by 25 basis points. The bank said that it has raised marginal cost of funds based lending rate (MCLR) - the floor rate at which they lend- with effect from Thursday.
Time Technoplast: Time Technoplast has emerged as a leading producer of High Pressure Pipes and Corrugated Pipes for variety of applications including water, sewerage, effluent, industrial, etc. It has also developed associated components to offer as a complete package.