Stocks to watch out for on Thursday, June 21: IDBI Bank, SBI
Indian markets seen opening sideways due to mixed Asia and U.S. cues. U.S. markets closed in the green on Wednesday. SGX Nifty trading with a slight positive bias.
A look at some stocks which will be in focus today.
IDBI Bank & SBI: SBI's MD B Sriram has been appointed as MD & CEO Of IDBI Bank for 3 months as as additional charge. IDBI Bank's current MD & CEO M K Jain has been selected for the post of Dy Governor of RBI.
Srikalahasti Pipes/ Welspun Corp/Jindal Saw
U.S. Commerce Department finds welded pipe from 4 countries subsidized, it will impose upto 541.15% preliminary anti Subsidy Duties On Large- Diameter Welded Pipes From India.
ICICI Bank: MD Mallya is seen as the frontrunner for the post of Chairman of ICICI Bank according to a a report by Business Line.
Private Banks in focus
Private banks - HDFC Bank, Kotak Bank and IndusInd Bank have added long open interest.
Nifty Futures all series OI is up 8%, Private Banks have led the upmove. Traders are expecting big bullish swing on weekly expiry for Bank Nifty
Indian Hotels: Indian Hotels has won bid for Connaught hotel in Delhi. IHCL will share nearly 31.6% of annual revenue earned from property with NDMC.
Cipla: Pharma company Cipla will be in focus today as it gets USFDA Nod For Testosterone Cypionate Injection.
Novartis India: Novartis India: U.S. Arm Gets USFDA Nod For Generic Of Cosentyx.
Mahindra Lifespace: IFC will invest Rs 200 cr in Mahindra Lifespace Developers Jaipur project.
Gayatri Projects: Uttar Pradesh government has cancelled an EPC order given to Gayatri Projects worth Rs 1,111 cr.
Indian markets expected to open sideways due to weak Asia cues. Nifty resistance seen at 11180, support seen at 10900,10830.
One of US President Donald Trump's former foreign policy aides has said allegations that he worked with the Russian government during the 2016 US election are "misleading".
US space agency NASA is preparing to launch a probe in August to study the Sun closer than any human-made object ever has, revealing multiple mysteries behind the star.
Pakistan Tehreek-e-Insaf (PTI) candidate Sardar Ikramullah Gandapur has been killed after a suicide bomber targetted his vehicle in DI Khan's Kulachi Tehsil, officials said.
The last session of the G20's Third Meeting of Finance Ministers and Central Bank Governors has taken place here, with delegates acknowledging the rise in trade tensions while calling for greater dialogue.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.