Top stocks to watch out for on April 4: Jet Airways, RIL, Mahanagar Gas

SUMMARY

The Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are likely to open higher on Thursday, tracking positive cues in the global markets and ahead of the Reserve Bank of India’s monetary policy decision today. All the respondents to CNBC-TV18's poll expect a rate cut from the monetary policy committee in its first bi-monthly policy. Global cues are also likely to support the sentiment as Asian markets reached their 8-month high in early trade. Weak monsoon forecast by private agency Skymet may limit gains. Here are the top stocks to watch out for in today's trade:

By CNBC-TV18Apr 4, 2019 7:55:36 AM IST (Updated)

Jet Airways: Lenders of the cash-strapped airline will meet today to discuss interim funding plans. In other news, the airline on Wednesday said it deferred the March salary payment to its employees and will provide an update by April 9, 2019. (stock image)

IL&FS: The government-appointed board of IL&FS said the gross non-performing loan of its lending arm IL&FS Financial Services (IFIN) has touched an unprecedented level of 90 percent in the December quarter.

SpiceJet, IndiGo: The airlines have been offered nearly 10-12 unused slots of Jet Airways at Delhi airport for an interim period, sources in the know told CNBC-TV18.

Indiabulls Housing Finance: The HFC on Wednesday said it has raised Rs 17,300 crore in the March quarter of 2018-19 and plans to borrow Rs 26,000 crore in the current financial year.

Mahanagar Gas: The company on Wednesday said the basic prices of compressed natural gas (CNG) and domestic piped natural gas (PNG) will be increased by Rs 1.51 per kg and Rs 1.88 per SCM, respectively effective from Thursday April 4. (stock image)

Vedanta: Vedanta Resources Limited on Wednesday said mined metal production during 2018-19 fell to 936,000 tonnes as against 947,000 tonnes in the year ago period.

Telecom companies: Trai on Wednesday directed operators to submit before it all tariff plans that they offer to select segments of customers at the end of every month. (stock image)

Reliance Industries: RIL-owned Reliance Jio on Wednesday said it has acquired artificial intelligence firm Haptik for Rs 700 crore.

Godrej Properties: Realty firm Godrej Properties Ltd Wednesday said it has entered into a joint venture (JV) with a developer to construct luxury housing project in Mumbai. The project, spread over 4.25 acre, is located in the prime suburban micro-market of Bandra West, Mumbai. (stock image)

NALCO: Aluminium major NALCO on Wednesday said it has recorded an all-round success and global benchmarks in 2018-19 creating records in several sectors. (stock image)

M&M: Mahindra & Mahindra Ltd on Wednesday said it has crossed cumulative sales milestone of three million tractors, having rolled out its first tractor way back in 1963. The company achieved this manufacturing milestone during March 2019, M&M said in a statement. (stock image)

SAIL: The Steel Authority of India Ltd on Wednesday said its crude steel output grew by over 8 per cent to 16.3 million tonne (MT) during the financial year ended March 31.