The Indian market is likely to open higher on Thursday following gains in Asian peers after the US Federal Reserve kept the interest rates unchanged and indicated no rate hike in 2020. Investors will await the domestic retail inflation and IIP data to be released later today. At 7 am, the SGX Nifty was trading 37 points or 0.31 percent higher at 11,986.00, indicating a positive start for the Sensex and Nifty50. Among the stocks in the news today, Maruti Suzuki and Federal Bank tied-up for dealer finance and customised auto retail financing solutions while Cadila launched an affordable oral anti-diabetic tablet. Here are the stocks to watch out for in trade:
Maruti Suzuki: It has tied-up with Federal Bank to provide dealer finance and customised auto retail financing solutions to customers.
BPCL: Moody’s has changed the outlook from Baa2 (Stable) to Baa2 (Negative) for senior unsecured debts-foreign currency.
Vodafone Idea: It has denied reports about negotiations taking place with Brookfields or Edelweiss to sell assets.
Cadila Healthcare: The company launched affordable oral anti-diabetic tablet Vinglyn and Vinglyn M at Rs 4.95 per tablet.
Magma Fincorp: The company issued NCDs worth Rs 350 crore on private placement basis.
Prakash Industries: The company has been declared as a successful bidder for Bhaskarpara Coal Mine in Chhattisgarh.
West Coast Paper Mill Ltd: India Rating and Research has affirmed long-term issuer rating at 'IND AA-' with 'Stable' outlook.
Akash Infraprojects: It has received order worth Rs 12.57 crore from the Office of the Executive Engineer, National Highway Division, Ahmedabad.
Vardhman Special Steels: Rating agency CRISIL has re-affirmed the credit rating for long-term and short-term bank loan facilities and for commercial papers.
RSWM Ltd: The board approved the issuance of fully paid-up equity shares of the company for up to an aggregate amount not exceeding Rs 1,500 million.