Pre-Market: 6 stocks in focus

The markets are likely to open in green following firm global cues.

 

Asian stocks scored a three-year peak on Wednesday after a round of upbeat global economic data whetted risk appetites and helped Wall Street taste all-time highs.

 

The Dow and S&P 500 both scored record closing highs, as did the MSCI world equity index .MIWD00000PUS. The Dow .DJI gained 0.77 percent and the S&P 500 .SPX 0.67 percent, while the Nasdaq Composite .IXIC put on 1.14 percent.

 

In addition, the SGX Nifty is quoting at 7,723.50, up 0.7%.

 

Stocks to watch:

 

Hindustan Zinc is likely to remain in focus after the government decided to sell 29.54% stake of the company.
 

A2Z Maintenance is likely to benefit after bagging orders worth Rs 2,400 crores.

 

Auto shares are likely to remain in focus on the back of positive monthly auto sales numbers, Ashok Leyland and Eicher Motors in particular. Nine leading carmakers’ combined sales in June was 18 per cent higher than those in the same month last year. 

 

Riding on a rally in real estate stocks and an improvement in investor sentiment, Lavasa Corporation is planning to raise Rs 750 crore through an initial public offering (IPO).

 

Hewlett-Packard, the majority owner of Mphasis, has revived plans to sell its stake in the Bangalore-based listed information technology services company with a recovery in the stock market.

 

IVRCL informed the BSE on Tuesday that the Corporate Debt Restructuring Empowered Group (CDR EG), at its meeting held on June 28, had approved the CDR proposal submitted by the company.