Indian stocks to watch: Glaxosmithkline, GMR, Muthoot Finance, more

Apr 23 2014, 09:23 IST
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BSE Sensex on Tuesday rose to new life-time high before ending flat due to profit-booking, particularly in IT, metal and auto stocks. BSE Sensex on Tuesday rose to new life-time high before ending flat due to profit-booking, particularly in IT, metal and auto stocks.
SummaryNewsmaker stocks to watch today also include L&T Finance and YES Bank.

The newsmaker stocks to watch on Wednesday include Glaxosmithkline, GMR, Muthoot Finance, L&T Finance and YES Bank.

INDIAN STOCKS TO WATCH

* Iron ore mining likely to restart in January in Goa

* L&T Finance Holdings in talks to buy YES Bank

* RBI restricts repayment of local rupee loans via ECBs from Indian bank subsidiaries

* Vietnam proposes to restrict imports of Indian drugs

* Suzuki has to double equity in Gujarat arm

* Malaysian co 1MDB & JSW Energy lead race for Lanco's Udupi power plant; deal valued at $1.1-billion

* Technip to sell 51 pct stake in its Indian arm SEMAC to rival HAL Offshore for Rs 1.67 bln

* Philippines signs airport pact with GMR despite legal issues

* Glaxosmithkline Consumer Healthcare says GSK's jv with Novartis to exclude co

* Muthoot Finance to launch up to $65 mln share sale on April 25

WORLD MARKET

* Nifty futures traded on the Singapore Exchange are down 0.05 percent, while the MSCI-Asia Pacific excluding Japan index is up 0.01 percent.

* Asian shares crept higher on Wednesday following merger-driven gains in Europe and on Wall Street, though investors were wary in case coming figures on Chinese manufacturing again disappointed.

* U.S. stocks rose on Tuesday as a host of solid earnings reports, along with strength in the healthcare sector, helped lift the S&P 500 and Nasdaq to their sixth straight advance.

KEY EVENTS/FACTORS TO WATCH

Cairn India, Yes Bank and UltraTech Cement earnings

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