The Indian market is likely to open lower Thursday on weak Asian peers after the dovish commentary from the US Federal Reserve. The Fed indicated that it would keep interest rates near zero through 2022. At 8:10 am, the SGX Nifty was trading 45.40 points or 0.45 percent lower at 10,097.00, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Pharma stocks:

Pharmaceutical companies such as Sun Pharmaceuticals, Lupin, Aurobindo Pharma, among others will be in focus after the US has extended price fixing lawsuit to dermatology topical medication. The lawsuit alleges collusion among competing generic drug makers to unlawfully allocate market share.

2. State Bank of India: The bank’s board will meet today to decide on long term fund raising up to $1.5 billion through bonds from international markets in FY21.

3. Yes Bank: The bank has applied to the stock exchanges for re-classification of promoter shareholding post the reconstruction scheme for the lender in March this year.

4. UPL: The company’s subsidiary has successfully completed the issuance of 10 year dollar denominated Senior Unsecured Notes for aggregate amount of $500 million. The issue was very well received by the investors and UPL saw initial interest of up to $3.3 billion, an oversubscription of 6.6x.

5. ONGC: Moody’s Investors Service has downgraded long term issuer ratings of the company from Baa2 to Baa3.

6. Mahanagar Gas: The company’s net profit in Q4FY20 fell 10.5 percent to Rs 166.59 crore from Rs 8186.05 crore while revenue declined 7.8 percent to Rs 686.6 crore, QoQ.

7. ​Shree Cement: CARE Ratings has reaffirmed rating for the company's commercial papers at A1+.

8. Shriram Transport Finance: The company’s net profit in Q4FY20 declined to Rs 224.35 crore versus Rs 749 crore while revenue rose to Rs 4,168.4 crore from Rs 3,873 crore, YoY.

9. Bharat Electronics Ltd: The company, with a strong order book, is confident that it will be able to cope up with the production gaps due to COVID impact and post a healthy performance during the year.

10. Raymond: The company said that commodity prices have softened leading to low input costs which would support in the overall profitability during the current fiscal.

First Published:Jun 11, 2020 8:13 AM IST