Benchmark equity indices BSE Sensex and NSE Nifty plunged over 0.50 per cent in early trade tracking weakness in global markets. The BSE Sensex was down 133 points, or 0.43 per cent, at 30724 around 9.45 am (IST), while NSE Nifty index was down 38 points, or 0.41 per cent, at 9,464.
Here is a list of top stocks that are likely to be in focus today:
Real estate stocks: The government on Thursday hiked the GST rate for the construction sector to 18 per cent from 12 per cent, but removed land value from computation of tax liability.
KesoramBSE 6.80 % Industries: The company is looking at increasing its industrial footprint in the eastern region of the country after the buy-back of spun pipe and the heavy chemicals businesses from Camden Industries Ltd.
Bank of Baroda: Brokerage firm Nomura upgraded the public sector lender Bank of BarodaBSE 1.22 % to ‘Buy’ with a target price of Rs 200.
Ashok Leyland: Hinduja group flagship Ashok LeylandBSE -1.12 % is looking at expansion of its commercial vehicle business with plans to introduce a slew of products.
Telecom stocks: Intense competition and pricing pressure will continue to take a toll on the telecom sector with industry revenue expected to plunge by another 6 per cent during the current financial year, according to ICRABSE -0.49 %.
Aditya Birla Nuvo: Indian private equity firm Premji Invest has invested an estimated Rs 700 crore picking up a 2.2 per cent stake in Aditya Birla Capital, a wholly-owned subsidiary of Aditya Birla NuvoBSE 3.82 %. The deal values the financial services arm of the Aditya Birla Group at Rs 32,000 crore.
UltraTechBSE 0.25 % and Jaiprakash Associates: UltraTech Cement has completed the Rs 16,189 crore acquisition of Jaiprakash AssociatesBSE 0.31 %' six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.
InterGlobe Aviation: Private airline IndiGo has expressed unsolicited interest in buying a stake in national carrier Air India.
SpiceJet: According to reports, SpiceJet is also in the race to buy Air India
Central Depository Services (India) Ltd (CDSL): Shares of the company is set to debut on Friday after successfully concluding its initial public offer last week. The IPO of BSE's depository arm received an overwhelming response from investors as it was oversubscribed a staggering 170.16 times during June 19-21.
It is very important to make a good choice of stock while trading otherwise you can not earn good returns from market as stocks performance only decides what returns you earn. For experts advise you may consult financial advisory services providers.
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