Stocks To Watch: IRCTC, Maruti Suzuki, ICICI Prudential In Focus Today
Domestic stock markets are likely to start Thursday's session on a negative note, halting a rally that pushed the benchmark S&P BSE Sensex index above the 46,000 mark for the first time ever, riding on optimism around COVID-19 vaccines backed by foreign fund inflows. The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange's Nifty 50 benchmark index - fell 72.90 points, or 0.54 per cent, to 13,504.00 at the weakest level recorded ahead of the opening of Indian markets. At 8:48 am, the SGX Nifty futures were down 118.9 points, or 0.88 per cent, at 13,458.00.
Global markets eased from record highs as stalled US stimulus talks and a selloff in tech stocks weighed. MSCI's broadest index of Asia-Pacific shares outside Japan was last seen trading 0.30 per cent lower. Japan's Nikkei 225 was also down 0.30 per cent.
A near 2 per cent drop in the Nasdaq on Wednesday was driven by a 1.90 per cent fall in Facebook shares after US regulators filed lawsuits alleging the company used its dominance to buy or crush rivals, harming competition.
British and European futures slipped marginally in Asia, with FTSE futures and EuroSTOXX 50 futures down 0.10 per cent. The S&P 500 futures were up 0.10 per cent.
Here are some stocks to watch in Thursday's (December 10) session:
IRCTC
Indian Railway Catering and Tourism Corporation (IRCTC) shares are likely to be in the limelight as the government will sell up to 20 per cent stake in the railway company through an offer for sale (OFS) on Thursday and Friday to raise Rs 4,374 crores. The OFS price would be Rs 1,367 per share.
Maruti Suzuki
Maruti Suzuki shares are set to witness investor interest after the auto major announced that it will increase the prices of vehicles from January due to a jump in cost of raw materials.
ICICI Prudential
ICICI Prudential counter may see some action after RBL Bank and ICICI Prudential Life Insurance entered into a bancassurance partnership on December 9 to offer life insurance products to customers. This alliance will enable more than 8.7 million customers of RBL Bank to access and easily purchase the customer-centric protection and long-term savings products of ICICI Prudential in order to gain financial security for themselves and their families.
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