Domestic equity markets are likely to open in green on Monday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
SGX Nifty was trading 44 points, or 0.46 per cent, up at 9,634 around 8 am (IST).
Here is a list of top stocks that are likely to be in focus today:
Reliance Industries: Around 90 per cent of Reliance Jio users are estimated to have subscribed to its promotional Prime membership plan, as per a report by Bank of America Merill Lynch. Around 76 per cent are ready to continue using Jio's service once the promotional period ends, it added.
Infosys: IT major Infosys-backed drone startup ideaForge Technology has bagged an order from energy conglomerate NTPCBSE 0.62 % to supply two highly sophisticated unmanned aerial vehicles (UAVs) along with high-end programmatic sensors, Thermal Imaging Sensor and LiDAR Sensor.
MothersonBSE 0.82 % Sumi: A Netherlands-based unit of global auto components major Motherson SumiBSE 0.82 % is planning a sale of bonds worth at least 500 million euros to replace a portion of its existing debt, persons directly familiar with the plan said. It may expand the size of the proposed issue if it attracts greater than anticipated demand, creating a larger reserve of funds for capital expenditure, the people said.
Bharti AirtelBSE 0.22 %, Idea Cellular: As top telecom companies clamour for a cut in licence fee, spectrum usage charge (SUC) and Universal Service Obligation Fund levy to ease financial stress in the telecom sector, the issue of interconnect charges (IUC) has once again emerged as a potential flashpoint between top telcos. While Bharti AirtelBSE 0.22 %, Vodafone India and Idea CellularBSE 0.00 % are asking for IUC to be raised, new entrant Reliance Jio Infocomm is asking it IUC to be raised, new entrant Reliance Jio Infocomm is asking it to be scrapped.
Godrej Consumer Products: The company on Sunday said it has got shareholders’ approval to issue bonus share of Re 1 each for every existing share. The ordinary resolution to issue bonus shares in the ratio of 1:1 is approved by the shareholders.
ONGC: India's largest natural gas field Bassein in the Arabian Sea has seen a remarkable turnaround with the natural decline that had set in at the 28-year old field reversed and output slated to rise by a quarter to a record high in 2018.
Dr Reddy’s Laboratories: Drug firm Dr Reddy’s Laboratories said the US health regulator has issued one observation after the inspection of a unit of its Srikakulam formulations facility.
Kotak Mahindra Bank: The Competition Commission has given its approval for Kotak Mahindra Bank buying out British partner Old Mutual’s 26 per cent stake in former’s life insurance arm for Rs 1,293 crore. In a tweet, the Competition Commission of India said it has approved “acquisition by Kotak Mahindra Bank of 26 per cent shares of Kotak Mahindra Old Mutual Life Insurance Ltd from Old Mutual Plc”.
Tata Steel: Tata Sons will acquire Tata Steel’s around 2.85 per cent stake in the group’s auto venture Tata Motors on or after June 23. Tata Sons will buy about 8.36 crore shares of Tata Motors held by Tata Steel at or around the prevailing price of the stock on the date of the planned acquisition, the Tata group holding company said in a BSE filing.
Dredging Corporation: The government is planning an outright sale of Dredging Corporation of India (DCIL) through auction, which could fetch about Rs 1,400 crore to the exchequer.
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