Maruti Suzuki, Vodafone Idea, HDFC Bank, ONGC, Oil India, stocks in focus today

By: |
July 01, 2021 8:49 AM

Nifty futures turned positive in early trade, rising 18 points to 15,765 on Singaporean Exchange. Trends on SGX Nifty indicate a positive opening for BSE Sensex and Nifty 50

Nifty Pharma was the worst sectoral performer on NSE.(Image: REUTERS)

Nifty futures turned positive in early trade, rising 18 points to 15,765 on Singaporean Exchange. Trends on SGX Nifty indicate a positive opening for BSE Sensex and Nifty 50 on Thursday. Analysts expect high volatility in stock markets on the back of weekly options expiry day. Investors will react to core sector output data for May 2021, announced post-market hours on Wednesday. They will also keep tabs on manufacturing PMI data for June, scheduled to be released later in the day, along with oil price movement, the Rupee’s trajectory, and foreign fund flow.

Stocks in focus

Maruti Suzuki, Hero MotoCorp: Automobile companies will start reporting June sales number from today. Analysts expect improvement in sales numbers on the back of ease in lockdowns, phased reopening of economy and fall in daily COVID-19 cases.

Vodafone Idea: Vodafone Idea on Wednesday once again posted a big loss of Rs 7,023 crore during the January-March quarter, wider than the Bloomberg consensus estimate of Rs 6,241.07 crore. The loss has widened significantly compared with the previous quarter of Rs 4,540 crore.

HDFC Bank: HDFC Bank expects to regain the lost market share and make a strong comeback once the regulator lifts the embargo on issuing new credit cards, Parag Rao- head of consumer finance, digital banking and information technology said on Wednesday.

ONGC: On the back of rising global crude oil and natural gas prices, analysts in international agencies expect state-run Oil and Natural Gas Corporation (ONGC) to improve its performance in the ongoing and the succeeding fiscals.

Indian Oil: IOCL said on Wednesday that the company’s board has sanctioned the initial approval to set up India’s first styrene monomer project at an estimated cost of Rs 4,495 crore. The project, with a capacity of 387 thousand metric tonne per annum (TMTPA) will be located in the company’s Panipat refinery and petrochemical complex.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Nifty target: 17,400 by December; current rally a repeat of 2004-07 bull run?
2Bharti Airtel stock top Sensex gainer; brokerages maintain ‘Buy’ call, check target price
3Zerodha co-founder Nikhil Kamath’s True Beacon launches new fund to invest in equities, tax-free bonds