The Nifty Futures on the Singapore Exchange, an early indicator of Nifty performance in India, dropped 0.5 percent to 8,790.
Here are the stocks to watch for today’s trade:
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- Vardhman Textiles: Board approved a buyback of 61.27 lakh equity shares for Rs 1,175 each.
- Welspun India: Secures an “Interactive Textile Article and Augmented Realty” patent, protecting its new line of products.
- Dilip Buildcon: Bagged two road construction orders worth Rs 613.08 crore and Rs 350 crore by the NHAI and the Ministry of Road Transport and Highways.
- NHPC: The company’s offer for sale kept on hold owing to ‘technical reasons’.
- Smartlink Network System: Entered into an agreement with two of its fully-owned subsidiaries to transfer marketing and manufacturing business operations of IT products through a slump sale.
- Suprajit Engineering: Creditors approved the merger of the the company with Phoenix Lamps in a court convened meeting.
- Dena Bank: To issue bonds worth Rs 1,100 crore through private placement.
- Canara Bank: Board approves right issue worth Rs 1,128 crore. The company will issue medium term notes worth $500 million in the international markets.
- HDFC: Postal ballot results over Non-compete fee to be declared tomorrow.
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Media Reports
- Reliance Industries: Accuses Cellular Operators Association of India to be biased against Bharti Airtel (Economic Times)
- L&T: Unit eyes Rs 9,000 crore orders in 3 years, mostly from Navy (Business Standard)
- Cairn India: To spend $150 million on 10 exploratory wells in Andhra Pradesh (Business Standard)
- ABG Shipyard: Company’s lenders hire Rothschild to find a buyer (Economic Times)
- Tata Steel: Company set for trade union talks in U.K. (Business Standard)
- Rashtriya Chemicals & Fertilizers: Partners with FALAT to set up 1.3 million tonne urea plant in Iran (Business Standard)
- ONGC: Gas from deepwater eastern offshore block may be viable at $5-6 per million British thermal units (Mint)
- HPCL: To start global oil trading desk (Mint)
- Mahindra CIE: Scouting for more acquisitions (Mint)
- Patanjali: Company’s Rs 1,600 crore food park coming up in Uttar Pradesh (Business Standard)
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AGM to Watch
- Indiabulls Real Estate:To issue NCDs and other hybrid instruments worth Rs 7,500 crore.
- Omkar Specialty Chemicals: The approve pending mergers and demergers.
- Mahanagar Gas
- Godfrey Phillips India
IPO Watch
- HPL Electric & Power subscribed 29 percent on Day 2.
- GNA Axles to list today; subscribed 54.88 times during IPO. Issue price fixed at Rs 207 per share.