The Indian market is set for a positive start on Thursday as around 7:25 am, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.25 percent at 10,814.50, indicating a positive opening for the market.
NSE
The Reserve Bank of India (RBI) constituting an expert committee to review its economic capital framework is also likely to help the market.
In addition, the market is also likely to be supported by the surprise surge of the Dow Jones Industrial Average, by 1000 points, in the Wall Street on Wednesday.
Here are the top stocks to watch out for in today's trade:
Sun Pharma: The company, in an exchange filing, said its subsidiary DUSA Pharmaceuticals got relief from US court in the patent infringement case. The lawsuit alleged trade secret misappropriation and patent infringement of DUSA’s photodynamic therapy.
NTPC: The company, in an exchange filing, said it received approval of investment for Bilhaur Solar PV Project of 140 MW capacity and Auraiya Solar PV Project of 20 MW capacity.
SpiceJet: SpiceJet announced on Wednesday a daily direct flight on the Kolkata-Lilabari route under the regional connectivity scheme UDAN.
NBFCs and HFCs: Representatives from NBFCs and housing finance companies on Wednesday met Prime Minister Narendra Modi here and gave suggestions on how to "revive" the sector facing liquidity issues, especially after debt defaults by crisis-hit IL&FS.
Adani Ports: Adani Ports and Special Economic Zone on Wednesday said it has concluded import and delivery of fifty US-made GE locomotives to Indian Railways. All 50 locomotives were manufactured by GE Electromotive Division in the US and imported to Mundra port.
Tata Global Beverages: Ratings agency CARE reaffirmed its A1+ rating keeping in mind the company's securities and borrowings for commercial papers of Rs 715 crore.
HUL: The company clarified that the NAA Order refers the need to pass on the benefit of cut in GST rates to consumers and said that no methodology has been determined by the NAA under the law to determine if the benefit is being passed on or not. In a filing to Sebi, the company said it will “consider legal options available to it, given there is a divergence on some basic issues”.
Hero MotoCorp: The company-backed Ather Energy, an electric scooter startup, is looking to raise Rs 300 crore, Mint reported.
Eicher Motors: The company's Royal Enfield rapidly closed the gap with Yamaha for the fifth spot in India’s two-wheeler segment, Moneycontrol reported.
Bharti Airtel: In a move to fight the telecom competition, the company upgraded its Rs 448 prepaid combo plan as it now offers 1.5GB data per day for 82 days.
(With inputs from agencies)
First Published:Dec 27, 2018 7:56 AM IST