Weakness in Asian markets due to doubts over truce in US-China trade war post the G20 summit is likely to impact sentiments on Tuesday. The relief rally on Monday was sparked by a temporary truce between the two countries. However, it gave way to doubts on whether they will be able to resolve their differences before a 90-day deadline.
Here's a look at the top stocks that may remain in focus in today's session -
Sun Pharma: Drug major Sun Pharmaceutical Industries Monday said it has not received any query so far from the markets regulator Sebi regarding a whistleblower complaint regarding alleged irregularities by the company. Shares of Sun Pharmaceutical dived 7.5 per cent after reports that markets regulator Sebi may reopen an insider trading case against the firm and probe alleged lapses by some of its promoters.
Welspun Enterprises: The company has inked a pact with National Highways Authority of India (NHAI) for a Rs 20.05 billion highway project in Tamil Nadu. It said the project falls under NHDP Phase-IV and will be implemented on hybrid annuity mode (HAM).
GAIL: The company said it will challenge the order passed by the CESTAT Delhi that held that the product manufactured by GAIL at its Gas processing Plants is 'Natural Gasoline Liquid (NGL)' and not Naphtha attracting additional Excise Duty of Rs 15 per litre.
HUL: Global brokerages are mixed on HUL post HUL-GSK Consumer deal. While JP Morgan remains 'overweight' on the stock saying GSK Consumer acquisition is a strategic fit and earnings accretive, Citi has maintained neutral stance.
VST Tillers: Power tillers sales stood at 2,108 units in November 2018 against 2,408 units; tractors sales at 628 units against 514 units on year-on-year (YoY) basis.
NMDC: The firm has reduced prices of high-grade iron ore (lumps) by Rs 300 to Rs 3,550 per tonne for the current month. The state-run firm has also cut the prices for iron ore fines, which are inferior grade ore, by Rs 200 to Rs 3,110 per tonne for December 2018.
Axis Bank: With reference to a news item titled "I-T dept probing Axis Bank staff for allegedly facilitating benami deals," the bank clarified after market hours on Monday that the matter reported in certain sections of the media pertains to a complaint received by the bank in March 2018, referring to incidents of an earlier period. An internal inquiry in this regard has already been conducted by the bank.
Uflex: It announced that its global film manufacturing arm, FlexFilms, has been granted United States Patent covering entire categories of formable films that include one or more BOPET layers used in Alu Alu blister packaging.
Omax Autos: The company announced that its board approved the proposal for setting up a new industrial unit for manufacture and supply of 'long member' at or around Raibarelli, Uttar Pradesh. The project will cost approximately Rs 1.65 billion and the proposed capacity addition will be 144 thousand Long Member.