The BSE Sensex opened 52.04 points up at 24,729.41, while NSE Nifty 50 index opened 22.10 points up at 7,534.65 following firm global cues. At 9.22 Sensex was trading 80.85 points up at 24,758.22, while NSE NIfty was trading 19.15 points up at 7,531.70.
Below are 11 stocks that are in focus today:
Reliance Communications: Shares of the company were trading 2.66 per cent up at Rs 52.15 (9.25 am) as Swedish telecom firm Ericsson said it will supply and manage the wi-fi network of Reliance Communications (RCom) along with Ozone Networks.
DLF Ltd: Stocks of the company were trading 2.05 per cent up at Rs 107.20 (9.28 am) after it sold its shopping mall at Saket in New Delhi to its wholly-owned subsidiary for Rs 904.5 crore as part of its strategy to consolidate and monetise the rental assets.
Oil India Ltd: Stocks of the company were trading 1.53 per cent up at Rs 311 (9.33 am) as Life Insurance Corp of India (LIC) has raised its stake in state-owned explorer Oil India Ltd by 2 per cent through open market acquisition.
ICICI Bank: Shares of the private lender were trading 0.83 per cent up at Rs 229.45 (9.35 am) as the bank said on Thursday that it plans to raise funds to finance infrastructure and affordable housing by issuing long-term bonds via debentures.
HUL: Stocks of the FMCG firm were trading 1.10 per cent down at Rs 840 (9.36 am) as it has signed an agreement with LT Foods for sale of its rice exports business for a consideration of Rs 25 crore as it looks to exit non-core businesses.
Novartis: Stocks of the pharma company were trading 1.48 per cent up at Rs 653.25 (9.39 am) after it announced launch of Scapho 150 mg for the treatment of moderate-to-severe plaque psoriasis in adult patients.
Cipla, Lupin, Wockhardt, Glaxosmithkline: Healthcare majors, including Cipla, Lupin, Wockhardt, Glaxosmithkline and Mankind Pharma, on Thursday granted interim relief by Delhi High Court which stayed till March 21 the ban imposed by the Centre on sale of some of their fixed dose combination (FDC) drugs. At 9.40 am, stocks of Cipla, Lupin, Wockhardt were trading down 0.76 per cent, 4.27 per cent and 3.86 per cent at Rs 520.45, Rs 1603.00 and Rs 1603.00. Glaxosmithkline Pharmaceuticals was trading 0.20 per cent up at Rs 3357.00 during the same time.
Crompton Greaves: Stocks of the company were trading 1.07 per cent up at Rs 47.30 (9.46 am) as it has won $35 million order from Indonesian state electricity company PT PLN (Persero).