Indian equity indexes, the BSE Sensex and the NSE Nifty 50, are likely to track weak global cues on Thursday.
The BSE Sensex vaulted 221.76 points to close at 37,887.56, while the broader NSE Nifty advanced 60.55 points to settled at 11,450, finishing above the 11,400-mark for the first time. The Nifty Bank index also breached the 28,000 level for the first time.
Following are the stocks likely to move in trades on Thursday:
June quarter results: Eicher Motors, Aurobindo Pharma, Page Industries, MRF Ltd, Bharat Forge, Jindal Steel & Power, Manapurram Finance, Engineers India, Jet Airways, Future Retail, Whirlpool, PNB Housing Finance, Bajaj Electricals, Hindustan Copper, Gujarat Pipavav, Venky’s will declare their first quarter results among others.
BEL: The defence PSU bags order worth Rs 9,200 crore for supply and services of long-range surface-to-air missile systems.
Metal, oil stocks: Metal companies’ and oil marketing companies stocks are likely to react to the Chinese Ministry of Commerce’s decision to impose a 25 percent tariff on goods worth $16 billion from the United States, including crude oil and cars.
Tata Steel: The CCI said there was no appreciable adverse effect on competition of the company’s proposed acquisition of 100 percent of Bhushan Power and Steel.
PNB: The public sector lender is in negotiation with a few government departments, including income tax and central excise, to sell its erstwhile headquarters situated at the Bhikaji Cama Place in New Delhi.
IDBI: In a stock exchange filing, the bank said that the government has conveyed its “no objection” to reduction of government’s shareholding to below 50 percent, relinquishment of management control in IDBI Bank and acquisition of controlling stake by LIC as promoter.
Future Group shares: Fonterra, world’s largest dairy exporter, on Wednesday announced a joint venture (JV) with Future Consumer Ltd to produce a range of consumer and food service dairy products. The JV, Fonterra Future Dairy Partners, would enable New Zealand-based Fonterra to establish its presence in India.
Tata Motors: The Tata Group company’s compact SUV Nexon has received four stars from UK-based vehicle safety group Global NCAP based on the crash test results.
Auto shares: Harley-Davidson Inc. is scouting for a partner with a manufacturing and distribution footprint to make lightweight motorcycles for use in India and other Asian markets, Reuters reported.