1. 5 stocks that are in focus today: ONGC, Cairn, Tata Steel

5 stocks that are in focus today: ONGC, Cairn, Tata Steel

The BSE Sensex rose 129.81 points, or 0.46 per cent, to 27,791.21 in early trade on Monday.

By: | Updated: July 13, 2015 10:16 AM
Stocks investment

Experts say the stock markets movement will be dependent on the CPI inflation and corporate earnings result this week.

The BSE Sensex rose 129.81 points, or 0.46 per cent, to 27,791.21 in early trade on Monday.

At 9.45 am, Sensex was up 45.79 points at 27,707.19. Similarly, Nifty was up 14.65 points at 8,375.20 during the same time.

Experts say the stock markets movement will be dependent on the CPI inflation and corporate earnings result this week.

Here are the 5 stocks that may remain in focus today:

ONGC: The stocks were up 0.2 per cent on BSE at 9.52 am. ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp, has decided not to exit a Vietnam oil block in the contested waters of the South China Sea despite poor hydrocarbon prospectivity.

IndusInd Bank: The Bank will announce its first quarterly results later in the day today. The stocks are up 0.78 per cent at 9.55 am on BSE.

Tata Steel: Tata Steel stocks were trading up 0.09 per cent on BSE at 9.57 am after the threat of the first major strike at company’s UK plant seems to be averted as workers are expected to sign a new deal to end a pensions row.

Vedanta/Cairn India: Vedanta is confident of closing the merger deal with Cairn India by March 2016, Tom Albanese, CEO of Vedanta said. “We are in regular touch with the shareholders of both the companies and the response has been very encouraging. The market has embraced the proposed merger and we are confident that the shareholders will approve the decision,” Albanese said on the sidelines of the company’s 50th Annual General Meeting.

Eicher Motors: Royal Enfield will be ramping up its capacity up to 52,000 a month by December, from the current capacity of 36,500 units. The Chennai-based Eicher Motors-owned Royal Enfield, that makes the iconic Bullet brand of premium motorbikes, has grown over 45 per cent in the first half of the calendar year and is hopeful of sustaining the present growth going forward.

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