The Indian market is set to open higher on Wednesday, tracking positive global cues as oil prices tumbled. On Tuesday, the 30-share BSE Sensex gained 300 points from the day’s low to settle 77 points higher at 36,347, while the 50-share broader NSE Nifty50 spiked 90 points from lows to end 20 points in the green at 10,909. ICICI Bank and Kotak Mahindra Bank along with Reliance Industries lifted the indexes, while IT stocks of Infosys, Tata Consultancy Services (TCS) and Tech Mahindra restricted the gains.
These are the stocks making the biggest moves premarket: Fortis Healthcare: Private sector lender Yes Bank said it has sold over 2 percent stake in Fortis Healthcare Ltd (FHL) in tranches. Yes Bank: The private sector lender has recommended the name of its board member Brahm Dutt for the post of Chairman to the RBI, according to sources. The chairman post fell vacant after resignation of Ashok Chawla in November following issues related to probity. IDBI Bank: State-owned IDBI Bank on Tuesday said it has received final letter from Life Insurance Corporation (LIC) for an open offer to acquire additional 26 percent in the lender. The open offer has been made at a price of Rs 61.73 a share, which is in connection with LIC's acquisition of 51 percent controlling stake in IDBI Bank. Power stocks: Gujarat chief minister Vijay Rupani on Tuesday decided to forgo the dues of residential, commercial and agricultural power connections with immediate effect to the tune of Rs 625 crore. IDFC-Capital First: The board of IDFC Bank on Tuesday approved the appointment of V Vaidyanathan, founder and chairman of Capital First Ltd, as MD and chief executive officer of the merged entity - IDFC First Bank. IDFC Bank and Capital First have also said that the merged entity got the approval from regulators and shareholders. NTPC: Unit 6 of 500 MW capacity of Feroze Gandhi Unchahar Thermal Power Station has been synchronised with grid after boiler restoration. J Kumar Infraprojects: The company bagged order worth Rs 1,349 crore from NHAI. Bosch: Shareholders passed the special resolution through Postal Ballot for buyback of equity shares of the company. Welspun Enterprises: Company completed its transaction for sale of balance 13 percent stake in Dewas Bhopal Road Corridor Private Limited with India Infrastructure Fund-II and has received consideration of Rs 57.7 crore. With this, the company has completely divested its 50 percent stake in Dewas Bhopal Road Corridor Private Limited for a total consideration of Rs 184.1 crore as against its fund infusion of Rs 85.4 crore. Paushak: CRISIL assigned A-/Stable rating for the long-term bank facilities of the company.