1. 7 stocks that may remain in focus today: Coal India, India Cements, Tata Motors and more

7 stocks that may remain in focus today: Coal India, India Cements, Tata Motors and more

The benchmark Sensex recovered over 200 points to trade above the 28,000 mark in early trade on the back of value-based buying in capital goods, realty, metal, auto and PSU stocks amid firm Asian cues

By: | Updated: July 15, 2015 11:09 AM
bse sensex

The benchmark Sensex recovered over 200 points to trade above the 28,000 mark in early trade on the back of value-based buying in capital goods, realty, metal, auto and PSU stocks amid firm Asian cues.(Reuters)

The BSE Sensex opened on a positive note on Wednesday and was trading over 200 points up. NSE Nifty also crossed 8500 level following strong Asian cues amid value buying in auto capital goods, realty, metal and PSU stocks.

At 10.45 am, Sensex was up 227.41 points at 28,160.31. Similarly, Nifty was up 58.80 points at 8,512.90 during the same time.

We take a look at stocks that may remain in focus today:

DLF: The realty major may raise about Rs 2,500-3,000 crore by August via private equity. It is also in talks with Singapore government’s investment arm GIC to sell stake in a new housing project here.

Indian Cements: Indian Cements Ltd, owner of Chennai Super Kings is planning to move the apex court against the order of the Supreme Court appointed RM Lodha panel that suspended the team from Indian Premier League for two years.

Tata Motors: Tata Motors shares will be in focus on continued worries over slowing luxury car sales in China.

ONGC: Buoyed by Iran’s historic nuclear accord with world powers to end sanctions, India will ask Tehran for rights to develop ONGC-discovered Farzad-B gas field in the Persian Gulf even as it prepares to pay USD 6.5 billion in past oil dues.

Ramco Systems: The IT software company has bagged a “multi-million dollar technology transformation deal” from Australia-based Cobham Aviation Services to implement its aircraft aviation suite.

Lupin: Lupin is on its way to making the highest R&D spend in the pharma industry. Vice-chairman Kamal Sharma said it will be spending 10% of its turnover on R&D soon.

Coal India: Coal India (CIL) on Wednesday said it has decided to relinquish about three-fourths of the two blocks it was allotted in Mozambique in 2009 for exploration and development.

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