Business Standard

Pre market: Stocks to watch out for today

Asian markets positive in early trades

Related News

Markets are likely to react to corporate results and the monetary policy Review later this week. Investors will also look towards the derivatives expiry on Thursday as well as the PMI data on Friday. All eyes would be on auto on cement stocks as they come out with their monthly sales figures for the month of January.

US markets had ended on a high note Friday, as investors welcomed a batch of better-than-expected corporate results. Dow went up half a per cent as Nasdaq and S&P added 0.6% each.

In Asia, most markets traded in green as shanghai Composite, Hang Seng added half a per cent each. However, Nikkei shed 0.35% at 10,887. At 700 hrs IST, the SGX was down three points at 6074.

In individual stocks, Mindtree has been invited to participate in seven contracts, each with a total value of $20-100 million, as a precursor to bidding for such contracts. These are multi-year projects, mostly deals coming for renewal and some fresh ones, spread across North America and Europe.

Godrej Consumer Products has entered into an agreement with private equity firm Creador to divest its non-core foods business in Indonesia. This may bring the stock into focus.

Sesa Goa has finalised the capital expenditure plan for its Liberian iron ore mining project and plans to begin shipments from it from February 2014.

Also watch out for Ashok Leyland, as the company is planning to offload stake in some of its subsidiaries and also in IndusInd Bank Ltd. It hopes to garner about Rs 500 crore from the stake sale over the next 12 months.

Adani Power, Bank of India, JSW Steel and Reliance Infra are set to announce results later today.

Read more on:   
|
|

Pre market: Stocks to watch out for today

Asian markets positive in early trades

Markets are likely to react to corporate results and the monetary policy Review later this week. Investors will also look towards the derivatives expiry on Thursday as well as the PMI data on Friday. All eyes would be on auto on cement stocks as they come out with their monthly sales figures for the month of January.

Markets are likely to react to corporate results and the monetary policy Review later this week. Investors will also look towards the derivatives expiry on Thursday as well as the PMI data on Friday. All eyes would be on auto on cement stocks as they come out with their monthly sales figures for the month of January.

US markets had ended on a high note Friday, as investors welcomed a batch of better-than-expected corporate results. Dow went up half a per cent as Nasdaq and S&P added 0.6% each.

In Asia, most markets traded in green as shanghai Composite, Hang Seng added half a per cent each. However, Nikkei shed 0.35% at 10,887. At 700 hrs IST, the SGX was down three points at 6074.

In individual stocks, Mindtree has been invited to participate in seven contracts, each with a total value of $20-100 million, as a precursor to bidding for such contracts. These are multi-year projects, mostly deals coming for renewal and some fresh ones, spread across North America and Europe.

Godrej Consumer Products has entered into an agreement with private equity firm Creador to divest its non-core foods business in Indonesia. This may bring the stock into focus.

Sesa Goa has finalised the capital expenditure plan for its Liberian iron ore mining project and plans to begin shipments from it from February 2014.

Also watch out for Ashok Leyland, as the company is planning to offload stake in some of its subsidiaries and also in IndusInd Bank Ltd. It hopes to garner about Rs 500 crore from the stake sale over the next 12 months.

Adani Power, Bank of India, JSW Steel and Reliance Infra are set to announce results later today.

image

Read More

Markets post best gains in 3-months on Fed optimism

The market breadth was firm. Out of 2,933 stocks traded , 1,685 stocks advanced compared to 1,136 declined on BSE

Recommended for you

Advertisements

Quick Links

Market News

Sensex drops 297 points to end below 27,450; Infosys slumps 6%

The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.

Nifty ends 77 points lower; Infosys' Q4 earnings weigh

The 30-share Sensex provisionally ended down 252 points at 27,483 and the 50-share Nifty ended down 77 points at 8,321.

Gold recovers on wedding season demand, global cues

Metal adds Rs 190 to Rs 27,190 per 10 grams in National Capital, Silver up Rs 250 to Rs 36,500 per kg

Cairn India rebounds from 52-week low

The moved higher by 3% to Rs 221,bouncing back 9% from its 52-week low of Rs 202 touched on the NSE in early morning trade.

CNX IT index drops 3%; Infosys hits three-month low

Infosys,Tech Mahindra, Rolta India, Polaris Consulting, Tata Elxsi and KPIT Techno were down 4%-9% on the NSE.

 

Back to Top