financetom
Market
financetom
/
Market
/
Stocks to watch out for June 8: HDFC Bank, Future Retail, Tata Motors
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stocks to watch out for June 8: HDFC Bank, Future Retail, Tata Motors
Jun 7, 2018 10:41 PM

The Indian market on Thursday closed firmly in the green. The benchmark Nifty index closed 0.8% higher at 10,768 points after breaching 10,800 intra-day for the first time in 17 sessions, while the 30-stock Sensex gained 284 points to 35,463.

Share Market Live

NSE

The broader markets also saw gains on the line of benchmarks, with the Nifty Bank index gaining 150 points to 26,518 and the Nifty Midcap index surging 281 points to 18,734.

Here are the top stocks to watch out for

HDFC Bank: The bank raised its lending rate by 10 basis points.

HT Media: The company's board approved investing up to Rs 400 crore in HT Music and Entertainment.

Reliance Power: The company's promoter released a pledge on 19.6 crore shares, on June 4.

Future Retail: PremjiInvest bought 6% stake in the company from the Bharti family.

Tata Steel: The company has joined the race for Usha Martin's Jamshedpur facility, which was put on the block to pare some of the parent's debt, a Moneycontrol report said.

IDBI, Federal Bank: The companies put fresh conditions on IDBI Federal Life stake sale as they seek premium from bidders for the bancassurance tie-up.

Bancassurance means selling an insurance product through a tie-up with banks.

Tata Motors: Tata Motors said it plans to raise $250-500 million through overseas loans to refinance buy-back of bonds issued by the company in 2014. On the global front, the company's Jaguar UK sales have risen to 19.7% at 3,069 units while Land Rover sales have risen to 16.8% at 6,566 units. The JLR sales, in total, are up by 16.8% at 13,132 units as compared to the same period in the last fiscal.

Kwality Ltd: Shares in Kwality Ltd, a processor and handler of dairy products, have tumbled 28% so far in June, taking this year's losses to 77%.

Telco stocks: Aruna Sundararajan, telecom secretary, on Thursday expressed strong displeasure over the state of call drops in the country and said the government wouldn't shy of taking stronger measures against the errant companies if the situation doesn't improve, a Moneycontrol report said.

Reliance Industries: RIL's telecom arm Reliance Jio on Thursday said it is looking at covering 99 percent of India's population by the end of the current fiscal.

ACME Resources: ACME Group said it has won 50 MW solar power project at Gujrai solar park, Uttar Pradesh in an auction conducted by Solar Energy Corporation of India (SECI).

First Published:Jun 8, 2018 7:41 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Delta earnings forecast falls short of Wall Street estimates, shares down 10%
Delta earnings forecast falls short of Wall Street estimates, shares down 10%
Jul 11, 2024
CHICAGO (Reuters) -Delta Air Lines ( DAL ) forecast lower profits in the third quarter than analysts had expected, with the carrier citing discounting pressure in the low end of the market, sending the company's shares down about 10% before the bell on Thursday. The Atlanta-based carrier also reported a hit to transatlantic bookings as travelers are avoiding Paris due...
US STOCKS-Futures edge lower ahead of inflation test; Delta Airlines falls
US STOCKS-Futures edge lower ahead of inflation test; Delta Airlines falls
Jul 11, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * CPI, weekly jobless claims data due at 8:30 a.m. ET * PepsiCo ( PEP ) dips on quarterly revenue miss * Citigroup ( C/PN ) falls after US regulators slap $136-million fine * Pfizer ( PFE ) moves ahead...
Wall Street's Most Accurate Analysts Give Their Take On 3 Defensive Stocks With Over 3% Dividend Yields
Wall Street's Most Accurate Analysts Give Their Take On 3 Defensive Stocks With Over 3% Dividend Yields
Jul 11, 2024
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders...
Exchange-Traded Funds, Equity Futures Edge Lower Pre-Bell Ahead of Key Inflation Data
Exchange-Traded Funds, Equity Futures Edge Lower Pre-Bell Ahead of Key Inflation Data
Jul 11, 2024
07:55 AM EDT, 07/11/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.02% lower in Thursday's premarket activity, ahead of key inflation data set for release later in the day. US stock futures were also lower, with S&P 500 Index...
Copyright 2023-2026 - www.financetom.com All Rights Reserved