The BSE Sensex and NSE Nifty opened in negative terrain on Tuesday following weak global cues. At 9.28 am, Sensex was down 185.61 points at 26,097.48. Similarly, Nifty was down 71.40 points at 7,899.90 during the same time.
Sensex The 30-stock BSE index on Monday settled down 109.29 points, or 0.41 per cent, at 26,283.09. The NSE Nifty traded between 8,043.60 and 7,947.95 intra-day before it signed off below the 8,000-mark, falling 30.65 points, or 0.38 per cent, to 7,971.30.
Below are the stocks that may remain in focus today:
SBI and ICICI Bank: Both the banks were identified by RBI as systemically important banks on Monday, subjecting them to higher levels of supervision to prevent disruption to financial services in event of any failure.
HDFC Bank, Canara Bank and Axis cuts: Private lender HDFC Bank and state-run Canara Bank on Monday lowered their lending rates by up to 0.35 per cent, while Axis Bank cut its deposit rates by up to 0.50 per cent across maturities.
Bank of Baroda: The public sector lender said it has fixed issue price for preferential allotment of shares to the government at Rs 192.74 per share.
HCL Technologies: The company on Monday announced the launch of a United Xperience Lab Offering to institutionalise co-innovation process for building Digital solutions for and with its customers.
Ruby Mills: The company’s board of directors on Monday approved issue of bonus equity shares in the ratio of 1:1 i.e. 1 new equity share against one equity share held. The announcement was made after market hours.
Reliance Industries(RIL): The government has permitted Reliance Industries to sell up to 1.2 lakh tonnes of LPG produced at its plants to private cooking gas marketers.
Syngene International: The contract research arm of Biocon is planning to set up a new manufacturing plant in Mangalore with an investment of about $100 million (over Rs 660 crore).
Oil marketing companies (OMCs): The stocks of the OMCs will be in focus as they cut the price of petrol by Rs 2 per litre and diesel by Rs 0.50 per litre.