Zee Entertainment, Tata Steel, M&M & PC Jeweller among top stocks to watch

A host of global factors such as fall in crude prices, developments around Brexit deal and trends in global markets are likely to sway investor sentiment on Wednesday. That apart, next leg of September quarter earnings and movement of rupee against the US dollar are other key factors that market may take cues from.

Here's a list of top stocks that are likely to remain in focus today -

Tata Steel: The country’s oldest steel producer on Tuesday reported a higher-than-expected consolidated net profit of Rs 31.16 billion in the September quarter, up threefold from the corresponding period last year. The company had reported a bottom line of Rs 10.18 billion in the year-ago period. Its net sales stood at Rs 429.46 billion, up 34 per cent from the same period last year on better realisations and increased volumes.

Sun Pharma: Hit by a one-time loss of Rs 12.14 billion on Modafinil antitrust litigation, and slow domestic business, pharmaceutical company Sun Pharma on Tuesday posted a consolidated loss of Rs 2.18 billion for the quarter-ended September. Excluding the exceptional expenses, the net profit stood at Rs 9.96 billion.

Ashok Leyland: The commercial vehicle major Ashok Leyland (ALL) has registered a growth of 37.4 per cent in net profit for the second quarter of the fiscal, lower than the expectations of many of the analysts. It had posted a net profit of Rs 4.59 billion as compared to Rs 3.34 billion same quarter last year.

Divi's Labs: According to news reports, Divi's Labs has been added to MSCI India index, while BHEL and Siemens have been excluded from the index.

Zee Enterprises: According to reports, Essel is looking to divest its 50 per cent shareholding in ZEEL to a global strategic partner who will help further transform the company into a global leader.

Earnings to watch out for

Nearly 1400 BSE companies including Vodafone Idea, Mahindra & Mahindra, PC Jeweller, SpiceJet, Infibeam, and JK Lakshmi Cement are likely to declare their September quarter earnings later in the day today.