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This is an archive article published on July 25, 2013

Seven Indian stocks to watch today

A roundup of Indian stocks to watch today.

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Nifty futures on the Singapore Exchange down 0.55 percent,while the MSCI-Asia Pacific index excluding Japan is 0.44 percent lower. Asian stocks retreated from seven-week highs on Thursday as Wall Street buckled under profit-taking,while upbeat U.S. economic news helped the dollar snap a three-day slide. U.S. stocks mostly retreated on Wednesday as falling utility and commodity shares more than offset gains in the tech sector on Apple’s solid earnings.

FACTORS TO WATCH

Earnings on Thursday: Maruti Suzuki India Ltd,ITC,ACC Ltd and Sterlite Industries (India) Ltd.

Holcim restructures India operations to cut costs India’s Hero MotoCorp Q1 net profit falls 10.7 pct as expected India’s Ambuja Cements Q2 net profit down 31 pct Sanofi,Carlyle in talks to buy Elder Pharma’s India formulations business-sources Cairn India April-June net down 18.27 pct Central Bank of India April-June net down 93.47 pct Novartis India April-June net down 48.59 pct India to sell $167.3 mln inflation-indexed bonds on July 29 – govt Sebi puts rider on Jet Airways’ stake sale plan to Etihad.

Road min downs shutters on new projects till Nov.

Moody’s gloomy report on India’s outlook; does not see much recovery in second half.

NTPC to pump in Rs 89 bln to develop captive coal mines.

Oriental Bank of Commerce hikes fixed deposit rates by up to 0.75 pct.

 

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