Share market radar: Sensex, Nifty at 6-month high; HDFC, L&T, RCom to be in focus today; here’s why
By: Monika Yadav | Updated: March 19, 2019 8:45 AM t The Financial Express
The headline indices- Sensex and Nifty are likely to open positive tracking positive global cues and after their best performance in last six months. SGX Nifty was trading at 11,524.50 points, marginally up by 0.12%. HDFC, L&T, Reliance Communications are likely to be in focus today.
The headline indices- Sensex and Nifty are likely to open positive tracking positive global cues and after their best performance in last six months. SGX Nifty was trading at 11,524.50 points, marginally up by 0.12%. The Sensex closed at 38,095.07, 70.75 points higher than the previous close and Nifty 50 also closed higher at 11,462.20, higher than the previous close on Monday. We take a look at five stocks which will be in focus today.
Stocks to watch:
HDFC : HDFC to consider issuance of rupee denominated bonds under medium term note programme for an amount up to USD 2.8 billion to overseas investors on or after March 22, 2019.
Tata Motors: Tata Motors clarified to the exchanges about its wholly-owned arm Jaguar Land Rovers recalling 44000 cars in UK. It said JLR did voluntary recall of vehicles because of carbon dioxide emission issue and all affected vehicles will receive corrective repairs and software updates that have been agreed with the relevant authorities. The costs are not material.
Larsen & Toubro: L&T informed exchanged on Monday that it has entered into a share purchase agreement with VG Siddhartha, Coffee Day Trading and Coffee Day Enterprises for the acquisition of shares of software services company Mindtree for Rs10,733 crore.
Canara Bank : Canara Bank said it will raise long-term foreign currency funds worth Rs $500 million under its medium-term notes program. They will meet investors between March 19-20 for this program.
Reliance Communications : Reliance Communications said it has terminated its sale agreement with Reliance Jio Infocomm because of lack of consent among lenders and permission from telecom department.