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

Reuters Posted online: Wednesday, Apr 23, 2014 at 0000 hrs
Mumbai : The newsmaker stocks to watch on Wednesday include Glaxosmithkline, GMR, Muthoot Finance, L&T Finance and YES Bank.


* 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


* 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.


Cairn India, Yes Bank and UltraTech Cement earnings