The Indian market is likely to open lower on Thursday following Asian shares that traded weak as the US Fed kept interest rates on hold and investors remained worried about the ongoing coronavirus outbreak. At 7:44 am, the SGX Nifty was trading 3 points or 0.02 percent lower at 12,130, hinting at a weak start for the Sensex and the Nifty50. Among the stocks in news today, IndiGo shareholders rejected a promoter Rakesh Gangwal’s proposal, and Bajaj Finserv reported a 32 percent rise in consolidated net profit at Rs 1,126 crore in Q3FY20. Here is a list of top stocks to watch out for in today’s trade:
IndiGo shareholders rejected a proposal by promoter Rakesh Gangwal to change rules on the sale and purchase of shares.
India Ratings maintained 'Rating Watch Negative (RWN)' on Yes Bank, saying that the bank continues to remain in talks with investors but raising capital in the near-term could be challenging.
Godrej Consumer Products reported a 5.11 percent rise in consolidated net profit at Rs 445.20 crore in Q3FY20.
Bharti Airtel infused Rs 180.22 crore into Airtel Payments Bank.
IDFC First Bank’s net loss narrowed to Rs 1,639 crore for Q3FY20 from Rs 2,504 crore a year ago.
Irdai imposed a penalty of Rs 1 crore on ICICI Lombard GIC for violation of certain provisions related to health insurance policies.
Orient Cement’s Q3FY20 net loss narrowed to Rs 5.67 crore from Rs 13.70 crore in the same quarter of last year.
Ramco Cements reported a 3.03 percent fall in consolidated net profit at Rs 94.60 crore for Q3FY20.
Coffee Day Enterprises posted unaudited management-compiled consolidated net loss of Rs 190.02 crore for Q2FY20, compared to a profit of Rs 23.83 crore a year ago.
The Reserve Bank of India has imposed a penalty of Rs 1 crore on HDFC Bank
for non-compliance with Know Your Customer (KYC) norms.