Indian markets are expected to start on a positive note on Wednesday, after Tuesday's broad-based gains. The broader NSE Nifty closed 0.65 percent higher at 11,008.05 on Tuesday, while the benchmark BSE Sensex rose 0.54 percent to 36,519.96.
Here are the top stocks to watch out for:
June quarter results: Ultratech Cement, Bandhan Bank, Mindtree, NIIT Technologies, JM Financial, Mastek, GHCL, Mahindra CIE Auto, Reliance Communications, Sasken Tech, Responsive Industries, JK Tyre & Industries, Foseco India, HT media, Artson Engineering are expected to declare their Q1 results today.
PSU Bank: The Modi government has announced an infusion of Rs 11,336 crore in five public sector banks - PNB, Indian Overseas Bank, Andhra Bank, Corporation Bank and Allahabad Bank. Of the Rs 11,336 crore, Rs 2,816 crore will be infused in PNB, Rs 2,157 crore in IOB, Rs 2,019 crore in Andhra Bank, Rs 2,555 in Corporation Bank, and Rs 1,790 crore in Allahabad Bank.
Dairy stocks: The government has decided to give 10 percent dairy export incentive to states, said union minister Piyush Goyal on Tuesday. Maharashtra, Gujarat governments have supported the idea of export incentive, he said, while adding that the agriculture ministry has also requested railways to make milk available at train stations. Another round of meeting is scheduled today in this regard. Following Goyal's comment, shares of Parag Milk, Prabhat dairy spiked.
Aviation stocks: Motilal Oswal says aviation stocks will face crude headwinds in near term. The brokerage expects petro product price de-control to continue as long as crude is below $100.
Federal Bank: The stock surged nearly 19 percent on Tuesday after the bank declared its Q1 results.
HDFC Bank, HDFC: The bank will issue 3.91 crore shares to HDFC via preferential allotment at Rs 2,174.09 per share. Also, the HDFC asset management company will open its initial public offering for subscription on July 25 and close on July 27. Price band is fixed at Rs 1,095 to Rs 1,100 per share.
Zee Entertainment: The media firm on Tuesday reported a 31.27 percent rise in its consolidated net profit at Rs 325.88 crore for the quarter ended June 30. The company had posted a net profit of Rs 248.25 crore during the same period a year ago.
Ashok Leyland: Hinduja Group flagship company, Ashok Leyland, on Tuesday posted 232.6 percent increase in its profit at Rs 370 crore for the first quarter ended June 31, 2018.
Sintex Industries: Q1 consolidated profit was up 11.5 percent at Rs 39.1 crore versus Rs 35.1 crore, while revenue was up 34.6 percent at Rs 925.3 crore versus Rs 687.6 crore (YoY), Moneycontrol reported.
ICICI Lombard: Private sector non-life insurer ICICI Lombard General Insurance posted a 35 percent increase in June quarter net profit at Rs 289.29 crore on account of lower combined ratio and higher premiums, Moneycontrol reported.
Sugar stocks: Stocks in India are likely to more than double by the end of the current marketing year as the world's biggest producer of the sweetener struggles to export a surplus, said the Indian Sugar Mills Association.
HUL: The FMCG fell as much as 2.9 percent to Rs 1,701 in its biggest intraday percent fall since May 2, as brokerages revised their ratings after Q1 results.
Steel stocks: India is planning to impose “safeguards” on steel imports if the volumes coming into the country increase beyond a certain level, Reuters quoted a government source as saying in New Delhi on Tuesday.