Domestic equity markets are likely to open on a flat note on Wednesday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
SGX Nifty was down 2 points, or 0.02 per cent, at 9,613 around 8 am (IST).
Here is a list of Top Stocks that are likely to be in focus today
ONGC: ONGCBSE -0.27 % and the Directorate General of Hydrocarbons (DGH), the upstream oil and gas regulator, have told an official probe panel that they had no prior knowledge that the reservoirs of the state-run company and Reliance IndustriesBSE 1.98 % in KG Basin were connected, three people aware of the development told ET.
Wipro: The country's third largest software services firm WiproBSE -1.33 % has invested $809,690 (about Rs 5.12 crore) in management and IT consulting firm Drivestream. The cash consideration will see Wipro acquiring 19,679 preferred stocks and 27,865 common stocks, Wipro said in a BSE filing.
Dr Reddy’s Laboratories: The company on Tuesday informed bourses that its API manufacturing plant at Miryalaguda has received an EIR from the USFDA.
Endurance Technologies: Global financial services firm Citi has initiated coverage of Endurance Technologies with ‘Neutral’ rating and set a target price at Rs 925 per share. “The company will benefit from 2-wheeler and 3-wheeler growth in India,” Citi said. Shares of the company were at Rs 882.90 on Tuesday.
ICICI Bank: Private sector lender ICICI Bank on Tuesday increased its authorised capital by Rs 775 crore to Rs 2,500 crore. “The authorised capital of the company shall be Rs 2,500 crore divided in to 1000 crore equity shares of Rs 2 each, Rs 150,00,000 shares of Rs 100 each and 350 shares of Rs 100,00,000 crore each with rights privileges and conditions attached thereto...,” the company said in a regulatory filing.
Emkay Global FinancialBSE -0.84 % Services: The company has entered into an exclusive pact with DBS Bank arm DBS Vickers Securities (Singapore) for co-branding and distribution of equity research to the latter's global clients.
Multi Commodity Exchange (MCX): MCX will remain in focus as Sebi on Tuesday allowed options trading in commodities for deepening the market but permitted each exchange to launch these contracts for only one product initially, while asking bourses to follow robust risk management measures.
Ashok Leyland: Ashok Leyland allotted 80.7 million equity shares to equity shareholders of Hinduja FoundriesBSE 0.68 %.
Mahindra & Mahindra: The company said that its board of directors at a meeting held on June 13, approved sale of a part of its shareholding in Mahindra Logistics (MLL), a subsidiary of the company, as part of the proposed initial public offer (IPO) of MLL, subject to requisite approvals and market conditions. The size of the stake sale, price and other details of the IPO will be determined in due course by a Committee of Directors.
Greaves Cotton: The company and Pinnacle Engines Inc US, on Tuesday announced a technology partnership for the launch of Opposed Piston Petrol/ CNG lean burn BSVI-compliant engine for 3-wheelers in India.
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