Motilal Oswal
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Motilal Oswal
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Top stocks to watch out for on April 10: Jet Airways, SBI, Vodafone Idea

Updated : April 10, 2019 07:41 AM IST

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are set to open lower on Wednesday after the IMF slashed growth forecast for India and the global economy. Investor were also cautious ahead of March-quarter earnings and Lok Sabha elections this week. Moreover, a Reuters poll suggested that the inflation is likely to inch up in March on slightly higher food prices. Asian shares slipped from eight-month highs on IMF’s global growth outlook and tensions over tariffs between the US and Europe. Here are the top stocks to watch out for in today's trade:

Jet Airways: The board of Jet Airways India Ltd will meet on Wednesday in Mumbai and is likely to discuss the appointment of AK Purwar as the airline's chairman, sources close to the development told CNBC-TV18. In other news, the airline has massively reduced its operations from its main hub Mumbai to just about 32 flights Tuesday, PTI reported. (stock image)
Jet Airways: The board of Jet Airways India Ltd will meet on Wednesday in Mumbai and is likely to discuss the appointment of AK Purwar as the airline's chairman, sources close to the development told CNBC-TV18. In other news, the airline has massively reduced its operations from its main hub Mumbai to just about 32 flights Tuesday, PTI reported. (stock image)
State Bank of India: The nation's largest lender SBI on Tuesday reduced the lending rates by a marginal 5 basis points across all tenors, effective April 10. (Image: Reuters)
State Bank of India: The nation's largest lender SBI on Tuesday reduced the lending rates by a marginal 5 basis points across all tenors, effective April 10. (Image: Reuters)
Vodafone Idea: Telecom giant Vodafone Idea on Tuesday said its Rs 25,000-crore rights issue will open on Wednesday. The telco also expects the sale of its 11.15 percent stake in Indus Tower to complete in the next three-four months which could yield an estimated Rs 5,500 crore. (Image: Reuters)
Vodafone Idea: Telecom giant Vodafone Idea on Tuesday said its Rs 25,000-crore rights issue will open on Wednesday. The telco also expects the sale of its 11.15 percent stake in Indus Tower to complete in the next three-four months which could yield an estimated Rs 5,500 crore. (Image: Reuters)
Adani Transmission: New York-based credit rating agency Standard & Poor (S&P) on Tuesday has upgraded the outlook on Adani Transmission Ltd (ALT) to stable, following the infusion of Rs 800 crore in an equity-like shareholder loan. (stock image)
Adani Transmission: New York-based credit rating agency Standard & Poor (S&P) on Tuesday has upgraded the outlook on Adani Transmission Ltd (ALT) to stable, following the infusion of Rs 800 crore in an equity-like shareholder loan. (stock image)
M&M: Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will likely see the US automaker cease independent operations in the country, two sources with direct knowledge of the talks told Reuters. (stock image)
M&M: Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will likely see the US automaker cease independent operations in the country, two sources with direct knowledge of the talks told Reuters. (stock image)
Avenue Supermarts: The D-Mart parent company raised Rs 50 crore via commercial papers. (Image: Reuters)
Avenue Supermarts: The D-Mart parent company raised Rs 50 crore via commercial papers. (Image: Reuters)
Usha Martin: The firm completed the sale of its steel business to Tata Sponge Iron. (Image: Reuters)
Usha Martin: The firm completed the sale of its steel business to Tata Sponge Iron. (Image: Reuters)
L&T: L&T Finance on Tuesday said it has raised Rs 3,238.48 crore through non-convertible debentures. The company raised a total of Rs 3,238.48 crore worth of subscriptions, which is 6.48 times of the base issue size of Rs 500 crore. (stock image)
L&T: L&T Finance on Tuesday said it has raised Rs 3,238.48 crore through non-convertible debentures. The company raised a total of Rs 3,238.48 crore worth of subscriptions, which is 6.48 times of the base issue size of Rs 500 crore. (stock image)
Power companies: Outstanding dues of power producers on electricity distribution utilities have increased by more than 20 per cent to Rs 40,804 crore in January 2019 compared to the year-ago month, adding to the woes of the stressed sector. (stock image)
Power companies: Outstanding dues of power producers on electricity distribution utilities have increased by more than 20 per cent to Rs 40,804 crore in January 2019 compared to the year-ago month, adding to the woes of the stressed sector. (stock image)
IndusInd Bank: Indusind Bank, which is raising USD 400 million in its maiden overseas bond sale, Tuesday said it got a strong response helping it tighten the pricing by 25 bps to 3.875 percent. (stock image)
IndusInd Bank: Indusind Bank, which is raising USD 400 million in its maiden overseas bond sale, Tuesday said it got a strong response helping it tighten the pricing by 25 bps to 3.875 percent. (stock image)
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