Indian stocks to watch: Tech Mahindra, Infosys, Coal India, more

Written by Reuters | Mumbai | Updated: Mar 28 2014, 14:23pm hrs
BSE SensexBSE Sensex on Thursday rose to a fresh lifetime closing high of 22,214.37 points on sustained FII buying in banking and oil & gas shares.
The newsmaker stocks to watch on Friday include Tech Mahindra, Infosys and Coal India.

The BSE Sensex on Thursday rose to a fresh lifetime closing high of 22,214.37 points on sustained FII buying in banking and oil & gas shares amid hopes that the economy would be on recovery path soon and the Reserve Bank will hold interest rates steady.

INDIAN STOCKS TO WATCH

* RBI extends deadline on capital norms under Basel III to March 31, 2019

* Relief for Bayer as Natco barred from exporting anti-cancer drug

* Tech Mahindra may buy stake in social business startup

* India cbank eases FX hedging rules for exporters, importers

* India cbank to ease OTC derivative exposure norms for standalone primary dealers from April 1

* Infosys US unit selected by Prime Therapeutics to set up testing centre

* Coal India likely to walk out of 80 bln rupee fertiliser JV

GLOBAL MARKETS ROUNDUP

* Nifty futures traded on the Singapore Exchange SINc1 are up 0.3 percent, while the MSCI-Asia Pacific excluding Japan index .MIAPJ0000PUS gains 0.6 percent.

* The euro was wallowing near three-week lows in Asia on Friday as speculation intensified that the European Central Bank might ease policy further, while similar hopes of stimulus in China gave a fillip to Asian shares.

* U.S. stocks fell on Thursday, erasing most of the S&P 500's year-to-date gain, as banking and technology stocks led the selloff.

KEY EVENTS/FACTORS TO WATCH

* The Indian government will finalise its borrowing calendar for the April-September period.

* RBI governor at a University of Chicago event in Delhi.

* India's external debt data (Tentative)