Indian stocks are set to start November higher as a rebound on Wall Street and upbeat corporate earnings will likely support investors' risk appetite after a torrid last month.
NSE
At 07.06 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.24 percent to 10,412, indicating a positive start for the Indian market today.
Here are the top stocks to watch out for in today's trade:
Tata Motors: Auto major Tata Motors on Wednesday reported a consolidated loss of Rs 1,048 crore in the three months ended September 30, 2018. The company announced a turnaround plan for its luxury car unit Jaguar Land Rover which has been hit hard by trade tensions between China and the US, low demand for diesel cars in Europe and worries over Brexit.
LIC, IDBI Bank: Insurance behemoth LIC has sought the Competition Commission's nod for its acquisition of majority stake in state-owned IDBI Bank.
Jet Airways: Crisis-hit Jet Airways on Wednesday said it has received notices from few aircraft lessors for payment defaults.
Vedanta: Vedanta Ltd said on Wednesday its second-quarter net profit fell 34.3 percent, primarily hurt by lower revenue from its Zinc operations and closure of its smelter in south India.
L&T: Industrial conglomerate Larsen & Toubro Ltd posted a 22.6 percent jump in Sept-quarter net profit, underpinned by higher order intake.
IL&FS: The new board of India's Infrastructure Leasing and Financial Services (IL&FS) submitted a plan to revive the debt-laden firm to a company law tribunal on Wednesday, paving the way to a potential resolution of the group's future.
United Bank: State-owned United Bank of India Wednesday said it plans to raise up to Rs 3,000 crore by issuing shares on preferential basis.
PNB Housing Finance: PNB Housing Finance said on Wednesday it has raised Rs 2,450 crore through commercial papers (CP) amidst reports of tight liquidity situation in the market.
Eicher Motors: The company said, in an exchange filing, that the Royal Enfield’s manufacturing facility at Oragadam, near Chennai, remained operational through the month of October and said that due to the strike, the loss of production between September and October, is 25,000 motorcycles.
Results on Thursday: HDFC, HPCL, Marico, DLF, Berger Paints, Tata Communication, SRF Ltd, Arvind Ltd, Hindustan Construction company, GSKCONS, Godrej Properties, Trent Ltd, Aarti industries, Thomas cook, Grindwell Nortan, GNFC, Bajaj Electricals, Hitachi, Firstsource solutions, Eclerx services, Laurus Labs, Welspun Corp, Triveni turbine, Cera sanitaryware, Greaves cotton, Essel Propack, SH Kelkar & company, Parag Milk, Apr Industries, Advanced Enzyme technologies, Somany ceramics Auro lab, Avadh sugar, Century Enka, Dishman carbogen, Dwarikesh sugar, Fortis malar hospitality, Orient green power company, HIkal Ltd, ICRA Ltd, IIFL Holding Ltd, Mahindra logistics, Maharashtra Seamless, MEP Infra, National peroxide, Huhtamaki PPL Ltd, Reliance Home Finance, Sundaram Finance.
(With inputs from agencies)
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First Published:Nov 1, 2018 7:39 AM IST