Indian equity indices, the BSE Sensex and the NSE Nifty 50, looked set to open positively on Wednesday amid mixed cues.
The SGX Nifty traded at levels around 11,365 vs Nifty Sep Future’s Tuesday’s close of 11,336, indicating a positive opening for the Indian market.
The BSE Sensex closed lower by 509.04 points, or 1.34 percent, to 37,413.13 on Tuesday, while the Nifty 50 fell 150.60 points, or 1.32 percent, to close at 11,287.50. On Tuesday, there was an all-round broad selling across sectors and only 6 Nifty stocks ended in the green.
Following stocks are likely to move in trades today:
Maruti Suzuki: India's largest carmaker has started to look for a land parcel to set up a third manufacturing factory in Haryana, sources privy to the developments told CNBC-TV18.
Bharti Airtel: The telco has confirmed that it has received demand notices towards penalties totalling Rs 11 lakh for six circles for the quarter ended March 2018.
Sun Pharma: In its clarification note related to Mohali plant, company said the US FDA is conducting an inspection of Mohali facility. The inspection started on September 10 and is ongoing.
Sugar stocks: Uttar Pradesh will ensure that the entire sugarcane arrears of little less than Rs 100 billion, accruing to the state’s farmers from 2017-18, would be paid before October 20.
Godrej Agrovet Ltd/Astec Lifesciences: The board meeting on September 14 to consider and approve amalgamation of Astec LifeSciences with the company.
NTPC : The state owned power corp is going to invest Rs. 9700 Crore for Talcher plant expansion.
Syngene International: Biocon and Biocon Research reduced stake by 0.50 percent to 70.24 percent by selling shares of the company through open market on September 11.
Cipla: The South African Health Products Regulatory Authority has approved Cipla’s latest first-line triple-combination antiretroviral treatment for HIV.
Adani Green: Company has incorporated a wholly-owned subsidiary company Adani Saur Urja (KA).
Sadbhav Engineering: Company issued 1,900 unsecured, listed, redeemable non-convertible debentures (NCDs) having face value of Rs 10,00,000 each aggregating to Rs 190.00 crore on private placement basis.