Top stocks to watch out for on January 4: SpiceJet, Reliance Communications, Sun Pharma

SUMMARY

The Indian market is likely to open negative, taking cues from its Asian peers as dire US economic data slammed Wall Street, causing fears of a global economic slowdown. At 07:00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.27 percent at 10,691.50, indicating a negative start for the Indian market.

By CNBC-TV18Jan 4, 2019 7:35:37 AM IST (Published)

Anil Ambani-led telecom operator Reliance Communications on Thursday filed a contempt plea in Supreme Court against Department of Telecommunication (DoT) fornot granting a non-objection certificate(NOC) for its spectrum sale to Reliance Jio. (Image credits: Reuters)

Budget carrier SpiceJet on Thursday announced launch of 12 new non-stop flights and additional frequencies connecting metros and non-metros from January 20. (Image credits: Getty/Caption credits: PTI)

Vijaya Bank MD & CEO RA Sankara Narayanan said theswap ratio for the proposed mergerof Vijaya Bank with Bank of Baroda (BoB) was decided through fair and transparent process. (Image credits: Reuters)

State-owned Union Bank of India on Thursday said it would raise up to Rs 600 crore by issuing shares to its employees under the staff stock purchase scheme. (Picture credits: stock image/Caption credits: PTI)

Homegrown retail major Future Enterprises on Thursday said it has raised Rs 750 crore by allotting non-convertible debentures (NCDs) on a private placement basis. (Picture credits: Reuters/Caption credits: PTI)

State-owned Power Grid Corporation on Thursday said its board has approved investment proposals worth Rs 379.45 crore. (Picture credits: Reuters/Caption credits: PTI)

Drug major Sun Pharma on Thursday said it has completed acquisition of Japan-based Pola Pharma to strengthen its presence in dermatology segment across the globe. The acquisition of 100% shares of Pola Pharma Inc Japan by the company’s wholly owned subsidiary has been concluded, Sun Pharma said in a BSE filing. (Picture credits: Reuters/Caption credits: PTI)

Non-banking financial company Shriram Transport Finance Company on Thursday said it plans to raise up to Rs 700 crore through non-convertible debentures (NCDs). (Picture credits: Stock image/Caption credits: PTI)

Cash-strapped Jet Airways is offering ticket revenues to lenders to stay afloat, The Economic Times reported. (Picture credits: Reuters)

NHPC said that loss on Parbati-III power unit shutdown is at Rs 30.14 crore. (Picture credits: NHPC website)