Sensex, Nifty may open lower on weak global cues, RIL, Infosys, Bajaj Auto to be in focus

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Updated: March 15, 2019 9:17:24 AM

The headline indices- Sensex and Nifty are likely to open flat to marginally lower tracking weak  global cues. SGX Nifty was trading at 11,405.00 points, marginally up by 0.18%. We take a look at why RIL, Infosys , Bajaj Auto are in focus today.

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The headline indices- Sensex and Nifty are likely to open flat to marginally lower tracking weak  global cues. SGX Nifty was trading at 11,405.00 points, marginally up by 0.18%. The Sensex closed at 37,754.89 points, 2.72 points higher than the previous close and Nifty 50 also closed marginally higher at 11,343.25 than the previous close on Thursday. We take a look at five stocks which will be in focus today.

Stocks to watch:

Reliance Industries: Shares of India’s most valued company by market capitalization, Reliance Industries will be in focus today after Brookfield announced Thursday that it would be buying the loss making gas pipeline East West Pipeline for Rs 13,000 crore from it.

Bajaj Auto: Brokerage house Credit Suisse said in a report that Bajaj Auto’s could decline in the first half of FY 20. The company has been reluctant to increase its dividend payout and investors would prefer it to return excess cash.  Credit Suisee has maintained a maintained a neutral stance on the company at a target price of Rs 2,700 per share.

Infosys: The Indian IT major company Infosys has got shareholders approval for the buyback of its shares and to reappoint Kiran Shaw as independent director.

Coal India: State-owned Coal India said Thursday that its board has approved payment of second interim dividend for the financial year 2018-19 at the rate of Rs 5.85 per share of the face value of Rs 10 as recommended by the audit committee of Coal India.

Mahindra & Mahindra: Home-grown auto major company Mahindra & Mahindra said Thursday it has received over 30,000 bookings for its recently launched compact SUV, Mahindra XUV300.

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