Indian equity markets looked set to recover from previous day’s selloff and open higher on Tuesday, but weak global risk appetite amidst simmering US-China trade worries are likely to weigh on investors’ sentiment.
Here are the top stocks to watch out for in today's trade:
SBI Life Insurance: BNP Paribas Cardif, the joint venture partner in SBI Life Insurance, on Monday said it may consider reducing its stake in the company to ensure compliance with minimum public shareholding requirement in accordance with applicable law.
Yes Bank: Yes Bank's board will meet on Tuesday to decide on future course of action following the RBI's directive that the current CEO and MD Rana Kapoor should step down by end-January and decide who the new CEO will be.
Dena Bank, Bank of Baroda, Vijaya Bank: The board of state-run Dena Bank on Monday approved its merger with Bank of Baroda along with another state-run lender Vijaya Bank.
Lakshmi Vilas Bank: Private sector Lakshmi Vilas Bank said on Monday it has exposure to an IL&FS subsidiary and the loans to the company are standard. Lakshmi Vilas Bank said it received certain queries from investors seeking clarification on the bank's exposure to the IL&FS group.
NTPC: State-run power producer NTPC has been given the green clearance for the Rs 7,732.35 crore expansion project of the Talcher Thermal Power Station in Odisha, a senior government official said on Monday.
PFC, REC: The government is considering selling its 65.61 per cent stake in state-owned Power Finance Corporation (PFC) to Rural Electrification Corporation (REC), which could fetch the exchequer about Rs 13,000 crore.
L&T Technology Services: L&T Technology Services (LTTS) on Monday said it has bagged a deal worth $40 million (about Rs 290 crore) to provide digital content management services to a technology company's industrial products segment.
IL&FS Engineering: Promoter IL&FS has filed an application with NCLT seeking certain reliefs in connection with the filing of a scheme of arrangement in respect of IL&FS & company.
PSU Banks: Finance Minister Arun Jaitley will meet the heads of public sectors banks (PSBs) tomorrow as part of the annual financial performance review exercise. The meeting is expected to discuss a host of issues, including progress made with regard to reduction in non-performing assets, sources told PTI.
DHFL: Brickwork validated credit rating for DHFL as BWR AAA Stable after the company gave its clarification on Monday. Dewan Housing Finance Corporation said the company has not made a single day's delay in meeting payment obligations.
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First Published: IST