Indian stocks to watch: SpiceJet, Tata Motors, Axis Bank, more

Apr 02 2014, 09:04 IST
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BSE Sensex ended marginally higher on Tuesday after the RBI unveiled a 'cautious' monetary policy. BSE Sensex ended marginally higher on Tuesday after the RBI unveiled a 'cautious' monetary policy.
SummaryThe newsmaker stocks to watch on Wednesday include SpiceJet, Tata Motors and Axis Bank.

The newsmaker stocks to watch on Wednesday include SpiceJet, Tata Motors and Axis Bank.

*Check Live Updates: BSE Sensex

INDIAN STOCKS TO WATCH

* India Election Commission allows RBI to announce new bank licences. Watch out for banking stocks

* RBI halts further FII share purchase in Axis Bank as limit breached

* SpiceJet's Re 1 base fare offer nixed by DGCA ((Read)

* Tata Motors March sales fall 30 Pct

* Ashok Leyland Ltd says March total sales down 27 pct

* Hero Motocorp says March sales up 11.9 pct

* Jet Airways says expands codeshare partnership with Air France

* JSW Steel says reduces prices for some products

* Indian Bank to increase its base rate to 10.25 pct per annum

Check Live Updates: NSE Nifty

GLOBAL MARKETS ROUNDUP

* Nifty futures traded at Singapore Exchange up 0.8 percent while MSCI-Asia Pacific excluding Japan index gains 0.1 percent.

* Asian share markets added to their recent rally on Wednesday as investors chose to accentuate the positive in a mixed bag of global economic data, pressuring the safe haven yen to a 10-week trough.

* U.S. stocks rose for a third straight session on Tuesday, with the S&P 500 ending at a record close, after positive data on factory activity indicated economic growth was gaining traction following a harsh winter.

KEY EVENTS/FACTORS TO WATCH

* Reserve Bank of India Governor Raghuram Rajan to speak to analysts via teleconference on the central bank's monetary policy statement.

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