Tracking global cues, the BSE Sensex and NSE Nifty opened in negative terrain on Friday. At 9.31 am, Sensex was down 442.84 points at 27,164.98. Similarly, Nifty was down 129.30 points at 8,243.45 during the same time.
Below are the stocks that are likely to be in focus today
Amtek Auto: Amtek Auto shares will continue to remain in focus after they extended their downtrend for the second straight session on Thursday, falling sharply by 43 per cent, following news of exclusion of the company’s futures and options (F&O) contracts from equity derivatives segment, with effect from October 30. The stock tumbled 43 per cent to Rs 50.70 — its 52-week low — at the BSE.
Infosys: Vishal Sikka-led Infosys unveiled the next level of its new age services – design thinking, platforms and knowledge-based IT – through an umbrella offering called Aikido. This enhanced level of IT services are expected to simplify the complexity of technologies while also leading to creation of innovative solutions.
Coal India: The stocks of the company will be in focus after reports that government may sell 10 per cent stake in Coal India this fiscal itself through a public offer, which could fetch around Rs 22,000 crore to the exchequer. The Department of Disinvestment (DoD) is in the process of appointing merchant bankers for managing the sale.
NTPC: State-owned NTPC Ltd has sought shareholders’ approval to raise Rs 5,000 crore through issuance of bonds/debentures on private placement basis in its annual general meeting next month.
Tata Steel: The stocks will be in focus as the company said on Thursday that it is planning to raise Rs 1,500 crore through issuance of commercial paper (CP), a short-term debt instrument. Tata Steel Ltd’s Rs 1,500 crore commercial paper (CP) programme has been assigned strong safety high grading by India Ratings and Research (Ind-Ra).
NHPC: NHPC after market hours on Thursday announced that the operations of Unit number 4 of its Chutak power station were restored on August 19, 2015. Earlier, the company had on June 29, 2015 announced said that the Chutak power station was under complete shutdown consequent upon sudden increase in water level.
Den Networks: The stocks of Den Networks will be in focus as the company after market hours on Thursday said that it has received approval of the Foreign Investment Promotion Board (FIPB) for increase in foreign investment limit in the company upto 74% from current 49% by foreign institutional investors (FIIs), non resident Indians (NRIs), foreign portfolio investors (FPIs) and other eligible foreign investors through route of secondary market/open market purchase. The approval is subject to compliance of conditions specified in consolidated FDI Policy circular dated May 12, 2015.