The Indian market is expected to open lower on Friday tracking negative trend seen in other Asian markets as well as SGX Nifty.
Here is a list of top Ten stocks that are likely to be in focus today:
Brexit related stocks: Tata Motors, Tata Steel, Bharat Forge, Kitex GarmentsBSE -3.04 %, KPR Mill, WockhardtBSE -5.19 % and Torrent Pharma have considerable exposure to European markets. Bharat Forge generates around 30 per cent of its consolidated sales from EU.
Sun Pharma: India’s largest drug maker by market capitalization announced its board of directors approved a share buyback plan at Rs 900 per share through a tender offer for a maximum of 7.5 million equity shares. The plan will roughly cost the company Rs 675 crore.
HDFC Ltd: HDFC LtdBSE -3.07 % has invoked 35,000 shares of United SpiritsBSE -3.46 % pledged to it by Kingfisher Finvest India, a firm promoted by embattled businessman Vijay Mallya.
State Bank of India: Country’s largest bank, State Bank of IndiaBSE -5.91 % said that it would raise $ 1.5bn in this fiscal year by issuing dollar denominated bonds. In a statement issued to the Bombay Stock Exchange, the bank said that the executive committee of the central board will meet on June 29 to consider this proposal.
Glenmark Pharma: The Foreign Investment Promotion Board (FIPB), is scheduled to meet on July 5 to consider about 15 foreign investment proposals including that of Sistema Sistema Shyam, GlenmarkBSE -4.10 % Pharma, Morgan Stanley India will come up for consideration.
Tata Motors: Tata Motors-owned Jaguar Land Rover (JLR) on Thursday began recalling more than 11,000 vehicles in China due to faulty crankshaft sensors, China’s quality watchdog said.
Allahabad Bank: State-run Allahabad BankBSE -6.12 % is aiming to grow its retail lending book by one-fifth this fiscal, expecting a consumption-led economic growth this fiscal with higher government’s spending on salaries.
JSW Energy: Months after initial discussions fell through, Sajjan Jindal-controlled JSW EnergyBSE -4.16 % is said to have reopened talks with the Jaypee Group on acquiring three power assets.
ITC: ITCBSE -1.42 % Ltd’s packaged food business has crossed the Rs 7,000 crore sales mark in 2015-16, a growth of 10.7 per cent over last fiscal. With this, the company’s non-cigarette FMCG brands have garnered annual consumer spend over Rs 12,000 crore, as per disclosure in the recently published annual report.
Bank of India: State-owned Bank of India said it has raised Rs 1,000 crore through bonds that comply with Basel-III norms for capital adequacy.