Traders at a Brokerage Firm in Mumbai, India (Photographer: Prashanth Vishwanathan/Bloomberg)
The Nifty futures on the Singapore Exchange, an early indicator of the Nifty performance in India, was little changed at 8,795.
Here are the stocks to watch out for in today's sessions:
- Yes Bank: Successfully raised Rs 2,135 crore through infrastructure bonds issue, which was subscribed 2.13 times.
- HDFC: Reports a profit of Rs 19 crore through sale of investments and a dividend income of Rs 456 crore in the second quarter. The company also sold loans worth Rs 1,939 crore in second quarter.
- Tata Steel: Allotted NCDs worth Rs 1,000 crore on a private placement basis at 8.15 percent.
- Maruti Suzuki: Total production stood at 1,46,434 units, up 24 percent in September.
- Punjab and Sind Bank: Intends to raise Basel III compliant tier II bonds through private placement aggregating up to Rs 500 crore.
- NBCC: Secured business amounting to Rs 1,117.34 crore (approx) in the month of September.
- UCO Bank: Considering a proposal to issue 7.17 crore shares to LIC on a preferential basis.
- Apollo Enterprises: Approved allotment of Rs 300 crore via NCDs on private placement basis.
- Bombay Burmah Trading Corporation: Approved the proposal to raise Rs 250 crore via NCD issue.
- Satin Creditcare Network: Allotted NCDs worth Rs 26 crore on private placement basis.
- Shriram City Union Finance: Allotted NCDs worth Rs 1,000 crore on private placement basis.
- Jagran Prakashan: Allahabad High Court approves the amalgamation of Crystal Sound & Music Pvt. Ltd. and Spectrum Broadcast Holdings Pvt. Ltd. with the company.
- Mahindra & Mahindra: Total sales for September up 7 percent at 42,545 units.
- Mahindra CIE: Clarifies that no negotiations or agreements currently taking place which require disclosure.
- AstraZeneca: Clarifies that it has not sold any land held by it.
- ICICI Bank: Cuts lending rate by 5 bps to 9.05 percent
Media Reports:
- Idea Cellular: Aim to simplify holding structure by consolidating its scattered tower holdings. (Economic Times)
- Aurobindo Pharma: To raise $500 million to fund two new buys via private equity and FCCBs. (Economic Times)
- Monnet Ispat Energy: Synergy Capital Corp enters into preliminary discussions with the lenders of to acquire controlling stake through SDR. (Business Standard)
- Monsanto India: Competition Commission of India order fresh probe against the company for alleged unfair business practices for the third time this year. (Business Standard)
- Vedanta: Mulling prospects to revive the Madras Aluminium Company. (Business Standard)
- Piramal Enterprises: Mytrah close to raising Rs 800 crore from the company ahead of its IPO plans. (Mint)
- Jindal Steel and Power: Enters into an agreement with IDFC Alternatives Managed Infrastructure Fund – India Infrastructure Fund II to sell its wind power project in Satara. (Mint)
- BPCL: Plans Rs 1,000 crore terminal on the west coast to import LPG. (Mint)
- Biocon: Gears up to launch new drugs to treat diabetes and cancer. (Mint)
From PTI:
- IOC: Hikes petrol prices by 14 paise a litre, diesel by 10 paise.
- 63 Moons Technologies: Gets Enforcement Directorate's attachment order of securities worth Rs 1,065 crore.
- Telecom companies: Spectrum auction gets bids worth Rs 60,969 crore at the end of Day 3; two-thirds of airwaves still remain unsold
- Steel companies: Government extends minimum import price on select steel products for two months.
- Vedanta: Expects Goa to export 20 million tonne of iron ore in FY17.
- HIL: Hirakud power plant gets green panel nod to use petcoke.
IPO Watch:
- Endurance Technologies: IPO opens today; closes on October 7. Price band between Rs 467 and Rs 472. Allocated shares worth Rs 348.5 crore to anchor investors.
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