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Shares of the Delhi-based Royal Enfield bike maker rose as much as 4.5 percent, the most in over two months, to Rs 29,250 after global brokerage houses CLSA and Jefferies maintained their buy call on the stock.
CLSA in a note said:
Jefferies said:
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Shares of the graphite electrode makers Graphite India and HEG fell as much as 5 percent and 14 percent each respectively after Nomura report suggested that some larger Chinese companies with proper measure in place plan to increase graphite electrode production capacity.
Shares of the Mumbai-based airline operator rose as much as 3.2 percent to Rs 632.55 after it agreed to buy 75 Boeing 737 Max aircraft to help meet growing demand in the world’s fastest growing major aviation market, according to a Bloomberg report.
The order is valued at $7.2 billion to $9.7 billion, the report added.
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Shares of the Pune-based IT firm rose as much as 9.13 percent, the most in five months, to Rs 986.80 after it won a four-year multi-million-dollar contract from the City of San Diego for network services, Zensar said in an exchange filing.
Mishra Dhatu Nigam (MIDHANI) shares were listed at a discount of 3.3 percent at Rs 87 per share on the BSE, compared to its issue price of Rs 90. The stock recovered from its discovery price low and was trading at Rs 89.65 down 0.38 percent from its issue price.
ICICI Securities shares began trading at a discount of 17 percent at Rs 431 per share on the BSE, compared to its issue price of Rs 520. The stock recovered from its discovery price low and was trading at Rs 455, down 12.5 percent from its issue price.
ICICI Securities Rs 3,500 crore initial public offer was subscribed 0.78 times on the final day of bidding.
Shares of Ramkrishna Forgings surged as much as 4 percent to Rs 810.55 and Bharat Forge climbed 2.4 percent to Rs 734.
North America Class 8 Truck orders jumped 103 percent to 46,300 units in March compared with 22,765 units during the same month last year.
Both the companies make auto components for Class 8 trucks.
Shares of the Mumbai-based car and commercial vehicle maker rose as much as 4.18 percent, the most in nearly five months, to Rs 357.70 after it said that JLR volumes jumped 83 percent (YoY).
Meanwhile, the company's Jaguar Land Rover is planning to launch 10 new products for Indian market in the current financial year.
Indian bonds are likely to consolidate after posting strong gains on Tuesday. Bonds rallied after the central bank allowed lenders to spread their bond-trading losses, incurred in the past six months, over four quarters.
The yield on the 10-year bond fell 7 basis points to 7.33 percent. The focus will now turn to the RBI's two-day monetary policy meeting. The RBI's MPC will keep rates unchanged at 6 percent, according to all 26 economists surveyed by Bloomberg.
Traders will also watch out for whether the central bank allows foreigners to up their investments in government bonds, a move which is likely to fuel a further rally in the market.
Meanwhile, the rupee is expected to open at 64.97 per dollar having closed higher at 65.01 on Tuesday when bunched up inflows accumulated over five days hit the market.
Here’s how foreign and local funds played the market on Tuesday.https://t.co/QU0sKiymQ3 pic.twitter.com/Dbi53FXxms
— BloombergQuint (@BloombergQuint) April 4, 2018
BofAML on BHEL
JPMorgan on Grasim
Credit Suisse on Voltas
Jefferies on Eicher
CLSA on Eicher
Macquarie on Info Edge
Credit Suisse on Info Edge
Macquarie on Britannia
Jefferies on ICICI Bank
Citi on Mindtree
Motilal Oswal on BSE
Infibeam Corporation
Indiabulls Housing Finance
WPIL
RPG Life Sciences
JSW Steel buys stake in Numetal’s India arm to get a foothold in Essar Steel’s resolution process. @visshy_it reports.https://t.co/x3AnfHT0RC pic.twitter.com/i5PZy4dQbb
— BloombergQuint (@BloombergQuint) April 3, 2018
President Trump is said to push for initial Nafta deal.https://t.co/9msW3VRrKr pic.twitter.com/WhfBUQmBA2
— BloombergQuint (@BloombergQuint) April 3, 2018
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