The early indicator SGX Nifty fell around 0.27 percent to 8,369, reflecting weak Asian market setup as fears of an economic slowdown in the U.K. halted the run up in European shares. Silver climbed with the yen and Treasuries amid an uptick in demand for safe haven investments.
Financial and commodities markets in the U.S. were closed for the July 4 public holiday.
On Monday, the Sensex and Nifty closed 0.5 percent higher spurred by stability in domestic fundamentals and high prospects of GST bill getting passed in the monsoon session of Parliament.
Here are all the stocks to watch for today:
Media Reports
- Tata Sons to invest another Rs 3,000 crore in Tata Teleservices (Business Standard)
- RIL receives nod to drill 8 wells in Tamil Nadu (Business Standard)
- Apollo Tyres, Ceat, JK Tyres etc: Tyre industry petitions against imports from China (Business Standard)
*Tyre demand to see 6-7 percent volume growth in 3 years
- Telecom (Bharti Airtel, Idea, RCom): Telcos may spend Rs 100,000 crore on spectrum this year (Business Standard)
- Bajaj Auto: Austria's KTM piggybacks Bajaj for growth ride (Business Standard)
- Bajaj, TVS spar over mileage claims, approach court (FE)
- PSU banks: Govt to make first round of capital infusion in PSBs soon (Business Standard)
- Airlines (Jet Airways, Indigo, SpiceJet): Ownership haze mars FDI in aviation (Business Standard)
*Earlier rule on reserving management control for Indians remains *Lack of coordination among departments, say critics
- Coal India workers threaten strike over salary revision panel (Business Standard)
- Bhushan, Electrosteel might be candidates for debt recast (Business Standard)
- Real estate companies (DLF, Unitech, Parsvnath Developers): NCR's residential realty prices at 3-year low, Says Knight Frank (Business Standard)
- RCF, NFL, Coromandel Intl, Deepak Fertilizer, Chambal Fertilizer: Non-urea fertiliser rates cut in line with global cues, says Minister
*Price of DAP fertilisers cut by Rs 2,500/metric tonne
*Price of MOP fertilisers cut by Rs 5,000/metric tonne
*Price of P&K fertilisers cut by Rs 1,000/metric tonne
*Govt estimates savings of Rs 4,500 crore to farmers from lower fertiliser prices
- Steel Cos (Tata Steel, SAIL): Steel minimum import price may be extended (Financial Express)
- Suzlon: Wind projects below Rs 5/unit tariff not viable (Financial Express)
- Tata Motors, M&M: Apex court reserves order on diesel ban (Business Standard)
- Real Estate Firms: Unsold residential inventory lowest in two years (Financial Express)
- Arvind looks to raise Rs 500 cr via NCDs (Financial Express)
- Tata Steel: Q1 hot metal output up 17 percent at 3MT (Financial Express)
- Reliance Comm: Cost saving potential not ruled out for RCom-Aircel biz (Financial Express)
- Dabur to roll out fruit based fizzy drinks in 250 ml cans (Economic Times)
- Himachal Futuristic: Targets 35 percent rise in exports (Economic Times)
- ICICI Bank: To sell Essar Steel Loans to Edelweiss Asset Reconstruction Company (Economic Times)
- Tata Teleservices may close CDMA operations in 850 MHz band. (Economic Times)
*The company is likely to spend Rs 7,000 crore in upcoming spectrum.
Corporate Announcements
- Bhushan Steel: To shut Dhenkanal mill for 20-days to expand capacity
- HDFC: To consider Rs 35,000 crore of NCDs in private placement on July 27
- Grasim: Says Nagda plant operations resumed
- Jaiprakash Associates: To amend cement business sale pact with UltraTech
- IFCI: Says sold 225,000 shares in NSE at Rs 3,950/share
- Southern Online Bio Tech: Wins orders for supply bio diesel of Rs 799.9m/yr to ASRTC
- Usher Agro: Lenders decided to invoke strategic debt recast
- Financial Technologies: Gets copyright notice from Bombay High Court
- LKP Finance: Demerger to take effect
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