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    Top stocks to watch out for on May 23: Bank of Baroda, Wipro, HDFC Bank

    Top stocks to watch out for on May 23: Bank of Baroda, Wipro, HDFC Bank

    Top stocks to watch out for on May 23: Bank of Baroda, Wipro, HDFC Bank
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    By CNBC-TV18  IST (Published)

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    SUMMARY

    Indian benchmark indices BSE Sensex and NSE's Nifty 50 are likely to open lower on Thursday as investors will remain cautious ahead of the final results of the 2019 Lok Sabha elections. Counting of votes will begin at 8 AM today and final results are likely to be declared late in the evening. Exit polls of the general elections predicted a comfortable win for the Narendra Modi government. In global markets, Asian shares traded in red amid fears of escalating US-China trade tensions. Meanwhile, minutes of the US Federal Reserve's last meeting underlined its readiness to be patient on policy "for some time" given the uncertain global outlook. The chance of a rate cut seemed to diminish. Indian shares ended marginally higher in the previous session. The Sensex settled 140 points higher at 39,110, while the Nifty50 added 29 points to end at 11,738. At 6.57 AM, SGX Nifty traded 32.5 points lower at 11,747.50, indicating a negative start for the Sensex and Nifty.

    IDBI Bank
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    IDBI Bank: The bank said there have been synergy Initiatives between the bank and LIC. The bank said it introduced a comprehensive current account "LIC-CONNECT" to facilitate LIC for service delivery. (stock image)

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    Wipro: The IT major said the blockchain-based solution for Travacoin to enable digital currency-based payments for the airline industry. (Image: Reuters)

    L&T
    3 / 9

    L&T: Larsen and Toubro said it has issued NCDs worth Rs 2000 crore. (stock image)

    Biocon Kiran Mazumdar Shaw
    4 / 9

    Biocon: Biocon, in an exchange filing, said Health Canada approved the firm's and Mylan's Ogivri drug for the treatment of breast and gastric cancers.

    5 / 9

    OBC: Oriental Bank of Commerce, in an exchange filing, said the board will consider raising capital from the market through QIP on June 6. (Image: Reuters)

    HDFC Bank
    6 / 9

    HDFC Bank: HDFC Bank said it has approved the sub-division Of equity shares Of the bank in 1:2 ratio. (Image: Reuters)

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    Aviation stocks: India’s air passenger traffic for April fell 4.5 percent on year to 109.95 lakh flyers, thereby registering its sharpest decline in nearly six years. The data indicates the number of passengers flown by various scheduled domestic airlines in a month. (stock image)

    earnings
    8 / 9

    Q4 Results today: IGL, SUN TV , Dwarikesh Sugar, Eclerx Services, Eros International Media, General Insurance Corporation Of India, Healthcare Global Enterprises, Mep Infrastructure Developers, Novartis India, Ramco Industrie, Rane (Madras), Sanghvi Movers, Sarla Performance Fibers, S.P. Apparels, Sterling Tools, Tvs Srichakra, Xchanging Solutions. (stock image)

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    Bank of Baroda: State-owned Bank of Baroda (BoB) on Wednesday reported a net loss of Rs 991 crore for the fourth quarter ended March 2019 on higher bad loan provisions. (Image: Reuters)

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