Indian shares are likely to open lower on Monday, tracking weak Asian equities as worries over Sino-US trade disputes and higher US borrowing costs are likely to weigh on investors' sentiment.
NSE
At 07.00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.14 percent to 10,464, indicating a weak opening for the Indian market today.
Here are the top stocks to watch out for today:
HUL: The consumption bell-weather Hindustan Unilever reported its Q2FY19 results on Friday post-market close. For the quarter ended September 30th 2018, the company reported 10 percent domestic volume growth beating analyst expectations of 8-9 percent.
Sun Pharma: Assam government on Saturday said Sun Pharma will invest an additional Rs 200 crore at its plant in the state to augment operations.
Liquor stocks: The Maharashtra government has decided to allow online sale and home delivery of liquor in the state, saying it could curb the cases of drunken driving. The potential move could boost liquor stocks such as Pincon Spirit, Jagatjit Industries, United Spirits and G M Breweries.
Auto companies: Unfavorable base effect, along with high fuel and interest costs dented the sales of domestic passenger vehicles in September 2018, Society of Indian Automobile Manufacturers (SIAM) data showed on Friday.
IL&FS: As the government plans to resurrect the beleaguered Infrastructure Leasing & Financial Services (IL&FS), its newly-appointed board has made “considerable progress on resolving the crisis,” said a source familiar with the matter.
Indiabulls Housing Finance: The company will report its second quarter of the financial year on Monday.
NALCO: The company board proposed a buyback of 67.3 crore shares, that is 3.48 percent, at Rs75 each, amounting to Rs 504 crore.
Infosys: India's second largest IT services firm Infosys on Saturday said it has completed the acquisition of Finland-based company Fluido.
AU Small Finance Bank: The bank on Saturday reported about 40 per cent rise in net profit at Rs 91.41 crore for the second quarter of 2018-19. The bank had reported a net profit of Rs 68.24 crore in the July-September period of 2017-18.
IndusInd Bank: The bank will report its second quarter results on Monday.
Oil companies: Indian Oil Corporation (IOC), Oil and Natural Gas Corp (ONGC) and Oil India are likely to soon consider buying back their shares worth Rs 10,000 crore amid pressure from the government, The Economic Times reported.
JSW Energy: As uncertainties loom over the solar power sector, mainly on the policy front, the Sajjan Jindal-led JSW Energy has put its ambitious expansions plans in the segment on the backburner.
(With inputs from PTI)
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First Published:Oct 15, 2018 7:43 AM IST