Indian stocks to watch: Ranbaxy Laboratories, Power Grid Corporation

Feb 05 2014, 09:16 IST
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SummaryNifty futures on the Singapore Exchange are down 0.37 pct, while MSCI-Asia Pacific is down 0.23 pct.

NSE Nifty futures on the Singapore Exchange are down 0.37 percent, while the MSCI-Asia Pacific excluding Japan index is down 0.23 percent.

Asian shares got a welcome reprieve from selling on Wednesday as Wall Street steadied and investors in emerging markets found some backbone, which took some of the starch out of safe-haven bonds and the yen.

U.S. stocks rebounded on Tuesday, buoyed by encouraging earnings, as the market attempted to steady in the wake of its largest selloff in months a day earlier.

KEY FACTORS/EVENTS TO WATCH

Earnings on Wednesday: * Ranbaxy Laboratories ltd, * Power Grid Corporation of IndiaIndia Services PMI (1030-1130 IST).

The last session of the current parliament begins. There are 39 bills waiting to be passed during the 12-day session.

Engineers India Ltd holds a press meet regarding its forthcoming follow-on public offering to raise as much as $80 million.

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