Stocks to watch: SGX Nifty50 was down 0.31 percent at 7:45 am indicating a negative start for Indian benchmark indices on Thursday. Stocks such as Hero MotoCorp, Adani Gas, Sun Pharma and ICICI Bank among others will be closely tracked today. Here is a list of stocks to watch out for in trade today:
Hero Motocorp: The Income Tax Department on Wednesday conducted raids at multiple premises of Hero Motorcorp as part of a tax evasion investigation. Offices and residential premises of the company including that of chairman and CEO of the group Pawan Munjal were also searched. (Image: Reuters)
Zee Entertainment Enterprises: In the latest in Zee-Invesco case, Invesco has issued a statement welcoming the Bombay High Court ruling and has decided to not pursue an EGM. Also, the merged Zee-Sony entity’s board will be reconstituted to achieve the objective of strengthening board oversight, the company said.