The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty's performance in India, fell 0.3 percent to 8,713.
Your Thursday morning briefing. https://t.co/XwEnwjGSmH pic.twitter.com/LlDOjAKzmE
Here are the stocks to watch out for in today's session:
Cipla
- Wholly-owned subsidiary completes sale of Goldencross Pharma Pvt. Ltd.
- Sells 100 percent equity stake in Four M Propack to Shriji Polymers
- Agreement signed for a consideration of Rs 13.5 crore and an additional sum of Rs 5.7 crore
- Mahindra & Mahindra: Wholly-owned subsidiary Mahindra Overseas Investment Company (Mauritius) Ltd. to acquire up to 60 percent equity share capital of OFD Holding BV, a fruit distribution company based in Netherlands.
- Speciality Restaurants: Closes its franchise restaurant 'Mainland China' in Mangalore.
- Tata Global Beverages: Deferrs intentions to delist from the Calcutta Stock Exchange.
- Adani Power: Promoter and Promoter group increase holding to 65.94 percent by converting part of convertible warrants into equity shares.
- Cupid: Shareholders approve securities issue not exceeding Rs 60 crore.
- Shree Renuka Sugars: Approves extention of repayment of NCDs worth Rs 250 crore.
- Sona Koyo Steering: Promoter JTKET Corporation makes an open public offer to acquire 26 percent of the total share capital for Rs 84 each.
Did the government fulfill the industry's expectations? Here is what India Inc. thinks of the #Budget2017. https://t.co/nagXw5hKWY
January Auto Sales
- Tata Motors: January sales drop 1 percent to 46,349 units.
- Ashok Leyland: Total sales for January up 7 percent to 14,872 units
- Mahindra & Mahindra: Sales dip 10 percent to 39,303 units in January
- Hero MotoCorp: Sold 4,87,088 units in January as against 5,63,348 units last year.
- Eicher Motors: January auto sales jump 171 percent to 1,543 units.
This #Budget2017 alone can't drive Indian market higher as global worries weigh in, says @jpmorgan's Adrian Mowat.https://t.co/PSAEvrH7dw
Media Reports
- Sugar Stocks: Government scraps PDS sugar subsidy from next fiscal. (PTI)
- Natco Pharma: Teva loses court bid to delay generic forms of copaxone drug. (Bloomberg)
Earnings Reactions To Watch
- Taj GVK Hotels
- Cummins India
- RPG Life Sciences
- Kaya
- State Bank of Travancore
- Pidilite Industries
- 63 Moons Technologies
- Tata Global
12 most important things from #Budget2017 by @menakadoshi.
For more | https://t.co/z1opjjoe5L pic.twitter.com/0BJTyPE7TmEarnings To Watch Today
- Godrej Properties
- Marico
- Dr. Lal Pathlabs
- HSIL
- Vijaya Bank
- UFO Moviez
- AstraZeneca Pharma India
- Godfrey Phillips India
- Electrosteel Steels
- Essel Propack
#BQOpinion | Acknowledging DEMON-etisation damage; allowing time to heal, by @Raghav_Bahl.#Budget2017https://t.co/PFXujrNOcI pic.twitter.com/olL7UYBHG7
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