homemarket Newsstocks NewsTop stocks to watch out for on August 29: JSW Steel, Lupin, HDFC Bank, Kotak Bank in focus today
market | Aug 29, 2018 8:07 AM IST

Top stocks to watch out for on August 29: JSW Steel, Lupin, HDFC Bank, Kotak Bank in focus today


These are the stocks making the biggest moves premarket

The benchmark indexes are expected to track mixed global cues that indicated flat opening with a positive bias on Wednesday.

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Indian equity indices continued their record-breaking run for the second session on Tuesday, largely on the back of Reliance Industries, IT shares and HDFC twins but gains were capped due to weakness in bank shares.
The BSE Sensex closed at a new all-time high of 38,896.63, while the NSE Nifty 50 also advanced to end at a record high of 11,738.50.
These are the stocks making the biggest moves premarket:
JSW Steel, Lupin: The NSE on Tuesday announced the removal of drug maker Lupin from the benchmark index Nifty 50 from September 28. In its place, JSW Steel will enter the index, NSE said in a statement.
State Bank of India: SBI will sell approximately 3.85 percent stake in NSE, it informed the stock exchanges on August 28.
Jet Airways: The cash-crunched airways said it has received an additional equity of $300 million in the form of advance lease incentives and borrowings from domestic banks. Jet Airways also reiterated that both the airline and its auditors were on the same page and there was no difference of opinion.
HDFC Bank, Federal Bank, ICICI Bank, Kotak Mahindra Bank: Google on Tuesday rebranded its Tez app as Google Pay and said it was partnering with these four Indian banks to provide instant loans to the app’s users.
Jaiprakash Power: The company will mull conversion of loan of lenders into Compulsory Convertible Preferential Share up to Rs 4,000 crore, Moneycontrol reported.
JK Tyre: The company inaugurateed Global Research & Technology Centre in Mysuru, which is part of the Harishankar Singhania Elastomer and Tyre Research Institute (HASETRI.
Tech Mahindra: The Reserve Bank of India on Tuesday cancelled the licence of Tech Mahindra Limited to issue pre-paid cards following the voluntary surrender of authorisation by the Noida-based company.
Omkar Overseas: Sebi has imposed a fine of Rs 1 crore on Omkar Overseas' promoter Champalal Gopiram Agarwal and six others for trading in the firm's stock while having access to unpublished price sensitive information (UPSI).
Vedanta: The Goa's directorate of mines and geology has issued a Rs 97.48-crore demand notice to Vedanta towards non-payment of royalty for the financial years 2011 to 2013.
Motor insurance stocks: The Insurance Regulatory and Development Authority (IRDA) specifies guidelines for longer tenure motor Third Party (TP) Policy. The regulator lays down process for registration of longer tenure motor TP products.
Artson Engineering: The company has reportedly got purchase order from Thyssenkrupp Ind India of about Rs 15 crore.
Sun Pharma, Cipla: Taro got US FDA nod for anti-inflammatory drug Ibuprofen; while Cipla gets nod for chemotherapy drug Docetaxel injection (20-160 mg).
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