Indian stocks to watch: Tech Mahindra, Infosys, Coal India, more

Mar 28 2014, 08:53 IST
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BSE Sensex on Thursday rose to a fresh lifetime closing high of 22,214.37 points on sustained FII buying in banking and oil & gas shares. BSE Sensex on Thursday rose to a fresh lifetime closing high of 22,214.37 points on sustained FII buying in banking and oil & gas shares.
SummaryThe newsmaker stocks to watch on Friday include Tech Mahindra, Infosys and Coal India.

The newsmaker stocks to watch on Friday include Tech Mahindra, Infosys and Coal India.

The BSE Sensex on Thursday rose to a fresh lifetime closing high of 22,214.37 points on sustained FII buying in banking and oil & gas shares amid hopes that the economy would be on recovery path soon and the Reserve Bank will hold interest rates steady.

INDIAN STOCKS TO WATCH

* RBI extends deadline on capital norms under Basel III to March 31, 2019

* Relief for Bayer as Natco barred from exporting anti-cancer drug

* Tech Mahindra may buy stake in social business startup

* India cbank eases FX hedging rules for exporters, importers

* India cbank to ease OTC derivative exposure norms for standalone primary dealers from April 1

* Infosys US unit selected by Prime Therapeutics to set up testing centre

* Coal India likely to walk out of 80 bln rupee fertiliser JV

GLOBAL MARKETS ROUNDUP

* Nifty futures traded on the Singapore Exchange SINc1 are up 0.3 percent, while the MSCI-Asia Pacific excluding Japan index .MIAPJ0000PUS gains 0.6 percent.

* The euro was wallowing near three-week lows in Asia on Friday as speculation intensified that the European Central Bank might ease policy further, while similar hopes of stimulus in China gave a fillip to Asian shares.

* U.S. stocks fell on Thursday, erasing most of the S&P 500's year-to-date gain, as banking and technology stocks led the selloff.

KEY EVENTS/FACTORS TO WATCH

* The Indian government will finalise its borrowing calendar for the April-September period.

* RBI governor at a University of Chicago event in Delhi.

* India's external debt data (Tentative)

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