The Indian market is likely to open lower Friday following losses in Asian peers amid weak global cues. However, hopes of some major announcements by the RBI Governor Shaktikanta Das may support sentiment. At 8:05 am, the SGX Nifty was trading 32.40 points or 0.36 percent lower at 9,033.80, indicating a negative start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Reliance Industries: Global investment firm KKR will invest Rs 11,367 crore in Jio Platforms for 2.32 percent equity stake. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
2. InterGlobe Aviation, SpiceJet: The Civil Aviation Ministry has capped the airfares on major routes with an intention to allow air services to resume without any massive drop or rise in prices.
3. Bharti Airtel: The company has acquired a strategic stake in Voicezen, an early stage startup focused on conversational AI technologies.
4. Bandhan Bank: The bank estimates that the business of around 65,000 of its micro banking borrowers, amounting to exposure of approximately Rs 260 crore, could be impacted due to the cyclone Amphan.
5. ONGC, NTPC: The companies have signed an MoU to explore and set up renewable power assets including offshore wind, in India and overseas.
6. Hero MotoCorp: The company said that LIC has increased its stake in the company to 7.146 percent through the acquisition of shares from the open market over a period of time.
7. Edelweiss Financial Services: The company's board has approved increasing the limit to make loans to any person or other bodies corporate and give any guarantee or provide security in connection with a loan to any other body corporate or person.
8. NIIT Technologies: The company’s buyback offer worth Rs 337.4 crore will commence from May 29.
9. BSE: The stock exchange reported a net loss of Rs 1.94 crore in Q4FY20 versus a net profit of Rs 51.86 crore in the year-ago period. Total income dropped to Rs 155.79 crore from Rs 182.08 crore, YoY.
10. Quick Heal Technologies:
The company’s net profit in Q4FY20 declined to Rs 8 crore from Rs 27.7 crore while revenue fell to Rs 64.25 crore from Rs 86 crore, YoY.