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videos | IST

Here’s a look at buzzing stocks for trade on June 17

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The Indian market is likely to open on a weak note Wednesday following mixed global cues amid escalation of border tensions between India and China. At 8:00 am, the SGX Nifty was trading 41.55 points or 0.42 percent lower at 9,843.50, indicating a negative start for the Sensex and Nifty50.

The Indian market is likely to open on a weak note Wednesday following mixed global cues amid an escalation of border tensions between India and China. At 8:00 am, the SGX Nifty was trading 41.55 points or 0.42 percent lower at 9,843.50, indicating a negative start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. HDFC:
The mortgage lender will discuss a proposal to raise funds at its board meeting on June 19.
2. SBI: The bank will seek shareholders’ approval on July 14 to raise up to Rs 20,000 crore equity capital through various means in the current fiscal.
3. Wipro: Wipro Gallagher Solutions has partnered with DocMagic to enhance digital mortgage processes.
4. HPCL: The company reported 99 cent drop in Q4FY20 net profit to Rs 27 crore as against Rs 2,970 crore, YoY. The company suffered an inventory loss of Rs 4,113 crore during the quarter as compared with an inventory gain of Rs 1,224 crore in the same period a year back. The company’s core GRM in FY20 was at $9.73/bbl versus $0.85/bbl in FY19.
5. HCL Technologies: The company has commenced operations in Sri Lanka to leverage the country's IT workforce.
6. HDFC AMC: Standard Life Investments will sell up to 60 lakh shares or 2.82 percent stake with an option to sell an additional 60 lakh shares via an offer for sale on June 17-18 at a floor price of Rs 2,362 per share.
7. NMDC: The company’s net profit in Q4FY20 fell to Rs 347 crore from Rs 1,451.81 crore while revenue declined to Rs 3,187.34 crore versus Rs 3,643.32 crore, YoY.
8. Ashok Leyland: The board will consider raising Rs 200 crore via NCDs on June 19.
9. Emami Ltd: The company said that the lockdown had impacted its business performance in Q1FY21 and operations are expected to normalize Q2FY21 onwards. Due to the pandemic, there is a strong demand for healthcare and hygiene products, it said.
10. Bank of Maharashtra: The bank reported Q4 profit at Rs 57.57 crore versus Rs 72.38 crore while revenue at Rs 1,022.5 crore versus Rs 999.93 crore, YoY.