Indian markets likely will open in the green on Thursday although Asian stocks are again under pressure for the sixth straight day. US markets closed mixed overnight, while the dollar shed its weight. Oil prices have also eased up a bit.
The BSE Sensex closed lower by 139.61 points, or 0.37 percent, to 38,018.31, while the Nifty 50 fell 43.35 points, or 0.38 percent, to close at 11,476.95. The Indian rupee, however, closed at record low of 71.75 against the dollar, after hitting intra-day low of 71.96.
On Wednesday, shares of energy, financials, banks, FMCG, realty dipped, but equity indices posted some smart recovery on the back of banks and metal stocks.
These are the stocks making the biggest moves premarket today:
SBI, bank stocks: The lenders are mulling to sell Essar Steel loans to asset reconstruction companies, CNBCTV18 reported.
Aurobindo Pharma: The pharma company gets USFDA nod for HIV drugs Efavirenz, Emtricitabine and Tenofovir.
IL&FS Transport: The company said it has made payment to debenture holders for NCDs.
Construction stocks: The Supreme Court lifts ban on construction activity in Maharashtra and Uttarakhand.
BEL: Bharat Electronics Ltd said that it has entered into contracts worth about Rs 9,200 crore with Mazagon Dock Ltd and Garden Reach Shipbuilders and Engineers to supply Long Range Surface-to-Air Missile systems. This is the highest-ever single value order bagged by BEL.
Union Bank of India: The state-owned lender hopes to recover Rs 2,000 crore from the resolution of three stressed thermal power units which, includes GMR Chhattisgarh Energy ltd and Prayagraj Power Generation Co. Ltd (PPGCL), a subsidiary of Jaiprakash Power Ventures Ltd where the bank has exposure.
Bank of Baroda: The public sector lender has increased lending rate by 5 bps across tenors.
Dairy stocks: Around 68.7 percent of milk and milk products sold in the country is not as per the standards laid down by the Food Safety and Standards Authority of India (FSSAI), PTI quoted a member of the Animal Welfare Board said.
Srei Infrastructure Finance: The company reported a consolidated net profit of Rs 139 crore, up 114 percent in the Q1 period ended June 2018, the company said. It had posted Rs 65.15 crore net profit in the corresponding period last year.
L&T Finance: Centrum Financial Services, the NBFC arm of the Centrum group, Wednesday said it has signed an agreement to acquire the supply chain finance business of L&T Finance, for an undisclosed sum.
DB Realty: The Ministry of Corporate Affairs has initiated an inquiry against L&T Finance Holdings, Tree House Education, DB Realty and at least a dozen other companies, to find if the companies have used the money raised through initial public offerings strictly for the purposes mentioned in their prospectuses, Moneycontrol reported.
First Published: IST