The Indian headline indices – Sensex and Nifty, are likely to open flat to negative tracking mixed global and domestic cues. The SGX Nifty was trading at 11,571 points, 5 points lower than the previous close. The Indian indices extended gains for the seventh consecutive day and ended at its highest over a period of six months on Tuesday . While the Sensex closed at 38, 363.47, 268 points higher than the previous close, Nifty ended up 0.61%, at 11,532.40 points. We take a look at stocks which will be in focus today.
Stocks to watch:
Jet Airways : Cash-strapped Jet Airways grounded additional six aircrafts for non-payment of outstanding dues to its lessors.
ONGC : ONGC informed exchanges on Tuesday that its board meeting will be held on Mar 23 to consider and decide on interim dividend.
Maruti Suzuki: India’s major car-maker Maruti Suzuki said the introduction of EECO with additional safety features would result in price increase varying from Rs 4,00- Rs 23,000.
Reliance Communication : In a response to the exchange query, Anil Ambani- led Reliance Communication clarified National Company Law Appellate Tribunal did not pass any orders on the use of tax refunds for payment to Ericsson, but the matter has become infructuous in view of the full payment to Ericsson yesterday as per separate intimation already sent to stock exchanges.
Fortis Healthcare: Fortis Healthcare board approved appointment of Dr Ashutosh Raghuvanshi as MD and the CEO of the company with immediate effect for a period of three years subject to the approval of shareholders.