SGX Nifty trend indicates a gap-down opening for the domestic markets.
New Delhi:
Domestic stock indices may trade lower on Wednesday taking cues from their Asian peers. Asian shares were mostly in the red today as South Korea’s KOSPI was down 1.52 per cent, Hong Kong’s Hang Seng index fell 0.61 per cent and Japan’s Nikkei index was trading almost flat, up 0.09 per cent. Trends on SGX Nifty indicated opening of a gap for the markets to head back home. Nifty futures, also known as SGX Nifty futures, slipped 64.40 points, or 0.41 per cent, at 15,569 on the Singapore Exchange.
The 30-share BSE Sensex closed 934 points or 1.81 per cent higher at 52,532 on Tuesday, while the broader NSE Nifty was up 289 points or 1.88 per cent at 15,639.
Here are the stocks to watch during today’s session:
Adani Enterprises: The Company along with 10 other firms have expressed interest in bidding for the coal import tenders floated by Coal India Limited. On 9 June, Coal India said that it has floated its first tender for import of 2.416 MT coal to ensure adequate supply. Fuel for power plants in the country.
ONGC: State-owned Oil and Natural Gas Corporation has sought a minimum value of $17 for the coal it plans to produce from the coal seam at its Bokaro CBM block in Jharkhand.
HDFC bank: The private lender proposes to double its branch network in the next three to five years, from 1,500 to 2,000 branches annually, which would be tantamount to adding a new HDFC Bank every five years, said its managing director and CEO Shashidhar. Jagdishan said.
Yes Bank: The private lender has introduced a product where the interest earned on fixed deposits is linked to the RBI’s repo rate. So far, an external benchmark-linked rate has been popular on the lending side, but this was not the case with deposits. The Reserve Bank has hiked rates by 0.90 per cent in two moves and is expected to do more to control inflation.
Hero Motocorp: The two-wheeler maker has further strengthened its operations in Turkey by launching Euro-5 compliant variants of three of its vehicles in the country, the company said on Tuesday.
Besides this, Indiabulls Housing Finance and RBL Bank are the two stocks in the F&O (futures and options) restriction period today.