Stocks To Watch: Maruti Suzuki, Eicher Motors, SBI And More 

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, fell 0.35 percent to 8,156.

Here are the stocks to watch out for in today’s session:

• HPCL/BPCL/IOC: Petrol prices increased by Rs 1.29 per litre while that of diesel increased by Rs 0.97 per litre.
• Infosys: Company's General Counsel and Chief Compliance Officer, David Kennedy quit with effect from December 31, 2016. Kennedy will receive $868,250 plus reimbursements for insurance continuation coverage over a period of twelve months.
• Eicher Motors: Motorcycle sales up 42 percent to 57,398 units in December compared to last year.
• Maruti Suzuki India: December sales fall 1 percent year-on-year. Third quarter sales rise 3.5 percent despite demonetisation.

Also Read: Eicher Motors, Maruti Suzuki Ignore Demonetisation Blues In Third Quarter

• IL&FS Engineering: Gets Rs 242 crore road contract in Karnataka.
• Transformers & Rectifiers: Gets order worth Rs 92 lakh from Gujarat Energy Transmission Corp Ltd.
• Merck: Company gets demand notice from National Pharmaceutical Pricing Authority (NPPA) demanding a sum of Rs 11.68 crore plus interest of Rs 15.78 crore for alleged overcharging of price of the formulation, Polybion L 100 ML syrup.

• State Bank of India: Reduces marginal cost of funds based lending rate by 90 basis points to 8 percent.
• Punjab National Bank: Reduces MCLR by 70 basis points to 8.20 percent.
• Union Bank: Cuts MCLR by 65 basis points to 8.65 percent.

• Shilpi Cables: Board approves acquisition of 100 percent stake in UAE-based Gulf Aglow LED, a maker of lighting products, for an disclosed amount.
• Premier Explosives: Gets order worth Rs 33.2 crore from Ministry of Defence for supply of chaffs and flares.
• Lakshmi Vilas Bank: Lender approves issue of 1.19 crore equity shares at a price of Rs 140 per share to raise as much as Rs 168 crore.

Media Reports

• ONGC: Company’s acquisition of 80 percent stake in GSPC will be without a debt takeover. (Business Standard)
• L&T Construction: As many as five developers, including that of L&T Construction have sought the government's nod to set up new special economic zones in the country. (PTI)
• Bombay Dyeing & Manufacturing: Bed and bath linen retailer signed an agreement for sale of land, building and some machinery of Ranjangaon unit at an aggregate value of Rs 174.45 crore. Will also sell a flat in Prabhadevi in Mumbai for Rs 9.4 crore. (PTI)
• Coal India: Allocates 30 percent less coal under spot e-auction. (Economic Times)
• Bharti Infratel/Reliance Communications: Tower companies seek clarity on ‘Right of Way’ policy. (Economic Times)
• Jet Airways/SpiceJet/Interglobe Aviation: Jet fuel price hiked by 8.6 percent. (PTI)