The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty's performance in India, were little changed at 8,248.
Your Thursday morning briefing
Read| https://t.co/chHg8cC96I pic.twitter.com/0vK3WAjzAZHere are the stocks to watch out for in today's session:
Wipro
- Signs agreement to sell its EcoEnergy division to Chubb Alba for $70 million.
- Rationale: EcoEnergy business not core to the company's overall I.T. business.
- Expects deal to be completed in early 2017.
- Chubb Alba to seek approval of Competition Commission of India.
- Ess Dee Aluminium: In process of finalising a comprehensive and sustainable revival package by evaluating all available options with the existing and prospective lenders.
- HCC: To Get Arbitral Award Of Rs 2,000 Crore From NHPC, NHAI in 4-6 weeks.
HCC to get arbitral award of Rs 2,000 crore from NHPC, NHAI https://t.co/aCF0WDm0C4 pic.twitter.com/l4R96poacb
- Reliance Communications: Moody's downgrades corporate family rating to B1 from Ba3. Says that while the two deleveraging transactions are credit positive, it will take at least 6-9 months for them to close.
- State Bank of Travancore: Reduces one-year marginal cost of funds based lending rate to 9.45 percent.
- RBL Bank: Gets in-principal approval from RBI to open ‘international financial service centre banking unit' at GIFT city in Gujarat.
- IOC: Hikes petrol price by 13 paise, cuts diesel price by 12 paise.
- Quess Corp: Board approves issue of NCDs and other debt instruments aggregating to Rs 150 crore subject to approvals.
Media Reports
- Tata Power: The revised overall sale consideration for Arutmin and related infrastructure assets now stands at $400 million from $510 million. (Mint)
- 3i Infotech: In advanced talks to sell its IT infrastructure management services to SREI Infrastructure Finance for Rs 300 crore. (Mint)
- TCS, Infosys, Wipro: In contention for $2.5 billion 10-year Citigroup deal. (Mint)
- JSW Group: JSW Infra looks to sell 10 percent stake for Rs 1,000 crore. (Economic Times)
- Morepen Laboratories: Pinfold overseas buys additional 6.42 percent stake through off-market transaction. Pinfold now holds 8.56 percent stake. (Economic Times)
- SBI: Merger with Bharatiya Mahila Bank gets CCI nod. (PTI)
- Tata Sons: Nusli Wadia to go ahead with defamation case. (PTI)
- Tata Steel: Inaugurates ferrochrome plant in Gopalpur with a capacity of 55,000 tonnes per annum. (Bloomberg)
Sheela Foam IPO
- Subscribed 6 percent on day two.
Earnings Reactions To Watch
- Punj Lloyd
- Man Infrastructure
Earnings To Watch Today
- Dilip Buildcon
- A2Z Infra Engineering
- Clariant Chemicals (India)
- Graphite India
- Gujarat State Petronet
- Gillette India
- Responsive Industries
- Srikalahasthi Pipes
Economic Data
Weak investment keeps a lid on GDP growth in July-September quarter https://t.co/QVUgEQOqxR @dugalira pic.twitter.com/L74fA9kmLB
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