The market is likely to open on a positive note amid mixed cues and ahead of June quarter results of big Indian firms. The Sensex rose by 157 points to close at a fresh life-time high of 37,494.40 on Monday, while the Nifty too advanced 41.20 points or 0.37 per cent to end at a historic high of 11,319.55.
These are the stocks making the biggest moves premarket:
June quarter results: Tata Motors, Power Grid, Bharat Electronics, UPL, Vedanta, Dabur will announce their first quarter results.
Suzlon Energy: The renewable energy solution provider's shareholders have rejected two separate proposals to raise a total Rs 2,900 crore through issuance of equity shares and debentures.
Tata Power: The Tata Group company said on Monday it has got shareholders' approval to raise up to Rs 5,500 crore through issuance of non-convertible debentures on private placement basis.
HDFC Bank: The private sector bank's board approved floor price for QIP at Rs 2,179.13 per share. The bank proposed QIP to raise up to Rs 15,500 crore.
Axis Bank: The bank's Q1 earnings beat estimates, profit fell 46.3 percent to Rs 701 crore versus Rs 1,305.6 crore; NII rose 11.9 percent to Rs 5,167 crore versus Rs 4,616.1 crore (YoY).
Reliance Industries: The oil-to-telecom conglomerate's shares rose by 1.78 percent to close at all-time high of Rs 1,149.70 after it reported its highest-ever quarterly net profit in April-June driven by improved earnings from retail and telecom businesses, and near doubling of earnings from the petrochemical business.
IndiGo: The parent InterGlobe Aviation reported a 96.6 percent decline in profit to Rs 27.8 crore versus Rs 811.1 crore; revenue rose 13.2 percent to Rs 6,512 crore versus Rs 5,752.9 crore (YoY). It would be interesting to see how aviation stocks also respond given oil prices strengthened.
Tech Mahindra: The IT firm's Q1 profit declined 26.5 percent to Rs 897.9 crore versus Rs 1,221 crore, but rupee revenue rose 2.8 percent to Rs 8,276.3 crore versus Rs 8,054.5 crore (QoQ).
NHPC: Board approved the proposal of raising corporate debentures/bonds aggregating to Rs 3,300 crore on private placement basis.
Techno Electric and Engineering: The NCLT has approved the scheme of amalgamation of company with Simran Wind Project Ltd.
Idea Cellular: The telco reported Q1 consolidated profit at Rs 256.5 crore versus loss of Rs 962.2 crore; revenue down 4 percent to Rs 5,889.2 crore versus Rs 6,137.3 crore (QoQ).
FMCG, paint stocks: Rating agency Moody's on Monday said the recent GST rate cuts on 88 items will weigh on government's revenue collection and is credit negative as it will put pressure on efforts of fiscal consolidation. The GST council, chaired by Union finance minister, last week cut tax rates on white goods as well as various handicrafts items and paints.
Also, catch all the action and updates in our Market Live blog